Prudential vs. Banner Life insurance

Learn the differences between the life insurance options offered by Prudential and Banner Life.

Pat Howard 1600


Pat Howard

Pat Howard

Senior Editor & Licensed Home Insurance Expert

Pat Howard is a senior editor and licensed home insurance agent at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

Published July 26, 2018 | 2 min read

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Prudential and Banner Life are two of the leading life insurance companies in America. Both have over 1,000,000 policyholders nationwide, good consumer grades, and offer competitive term life insurance rates.

So, why a company comparison? Isn’t it enough to just choose the best policy, regardless of company? Well, policy comparison, while fast and informative, doesn’t exactly tell the whole story.

Company-by-company comparisons are essential, as the best life insurance companies typically are strong fiscally, highly rated by financial institutions and consumer insights companies, and, perhaps the trait most fundamental to life insurance company vitality — they guarantee death benefit payouts.

Prudential vs. Banner Life term life insurance cost comparison

Prudential term life insurance premiums are lower across the board for both men and women than those of Banner Life. Here are average monthly premium costs for price-conscious shoppers looking for the most affordable plan.

PrudentialBanner Life
MaleAge 30$20.21$21.44
Age 40$28.38$32.38
Age 50$75.68$94.07
FemaleAge 30$17.63$18.19
Age 40$25.94$26.60
Age 50$55.47$58.62

Average premium cost based on $500,000/20-year term life insurance policies for healthy, nonsmoking applicants in California.

Prudential vs. Banner Life health pricing

Life insurance companies will base your premium rate on your current state of health and your health history, so if cancer runs in your family or you recently had a kidney replacement, companies may be less lenient for those conditions than others.

Here’s how Prudential and Banner Life grade out for the most commonly scrutinized health conditions and habits in life insurance.

PrudentialBanner Life
Cancer Survivor/Family HistoryFairExcellent
Recent Weight LossExcellentGood
Heart AttackGoodGood
Sleep ApneaExcellentExcellent
Former Tobacco UseExcellentGood
High Blood PressureGoodGood
High CholesterolExcellentGood

Learn more about the best life insurance companies for every scenario.

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Prudential vs. Banner Life insurance rider availability

If you’re not satisfied with the standard provisions of a life insurance policy, you can customize it with riders to suit your needs. Here’s a comparison below of the riders offered by both Prudential and Banner Life.

PrudentialBanner Life
Child Protection RiderXX
Accelerated Death Benefit RiderXX
Accidental Death Benefit RiderX
Disability Waiver of Premium RiderXX

Learn more about life insurance riders.

Prudential vs. Banner Life company ratings

Life insurance companies can be ranked in several different ways. A.M. Best provides ratings based on the financial strength of the company, while J.D. Power conducts surveys based on customer service, product quality, and buyer behavior, and the Better Business Bureau (BBB) provides grades based on consumer feedback.

How do Prudential and Banner Life compare in financial and customer service ratings?

PrudentialBanner Life
A.M. BestA+A+
J.D. Power3 out of 5N/A

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Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.

Choosing the right life insurance company

Based on all the information provided, is Prudential the right life insurance company for you, or is it Banner Life? Well, it often depends on the individual and what is most important to them. Be it cost, riders, health considerations, or customer service, all of these are important to consider before you buy.

Ready to start looking at policies from Prudential, Banner Life, and other top life insurance companies? Use our coverage calculator for find plans and companies tailored to your needs.