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Banner Life Insurance Review

Banner Life Insurance Company Information

Customer Rating:
Rating: 2.061 Reviews Banner Life Insurance has received an average of 2.0 stars out of 5 based on 61 user reviews.

Company History:
Chartered in 1949 as Government Employees Life Insurance Co. (GELICO). Parent (Legal and General Group Plc) is among the world's largest financial services firms...Read More

Lines of Insurance:
Life

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Banner Life Insurance Satisfaction Survey

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Contact Information for Banner Life Insurance

Company Contact Info:
Group Chie   Tim Breedon
1701 Research Blvd.
Rockville, MD 20850
800-638-8428

Banner Life Insurance Reviews and Customer Comments

"Do not buy from them. They are not a good company. Their Customer Service Department is a joke. They are not there to help you at all. They just want the premiums but do not want to help with any claims or problems."
Commented on 2014-03-30 07:52:55 EST
"Like many other individuals I feel this company may be playing a game to reduce their pay offs on legitimate claims. NOTE - I went through an agent - so they are just as untrustworthy. I received a renewal notice marked Legal General and almost threw it away as junk mail. No one from the company alerted me to their "name change". Of course the letter was received with less than 30 days to pay the premium - smart how they time it just right so you may not hit the payment deadline. No e-mails or electronic option either. Hmmm... I wrote a check and mailed it off thinking I was done for the year. I never received a received a notice telling me a payment was not received. But of course this week 2 months later I receive a cancellation notice with a heavy fine to re-instate. The funny thing is - they CASHED my check Now I have to jump through hoops to get my account reinstated - God forbid something happens to me in the interim. Be careful if you choose this company. Something just isn't on the up and up. But maybe this is insurance people in general - so many people have bogus claims - then people who are honest can get screwed."
Commented on 2013-09-30 09:54:58 EST
"As a CFP I frequently recommend term life insurance to my customers. I have been recommending Banner Life to my customers for over a decade and think my customers have had only one administrative problem that I was able to correct for them without too much effort. I recommend Banner Life because of their financial ratings and their premiums for healthly non-smokers are some of the lowest in the insurance industry."
Commented on 2013-09-27 17:06:10 EST
"Made ONE late payment by mistake and they cancelled me after being a good customer for several years. It was my fault the payment was late but was just an oversight on my part. My payment to them and their cancellation crossed in the mail but they cancelled me anyway. Underwriting department wanted me to jump through hoops to reapply then wanted me to pay them to get 5 years of medical records from my doctor. Since then I've realized there a other insurance companies worthy of my business...done with Banner. "
Commented on 2013-05-30 16:04:41 EST
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