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Banner Life Insurance Review

Banner Life Insurance Company Information

Customer Rating:
Rating: 2.064 Reviews Banner Life Insurance has received an average of 2.0 stars out of 5 based on 64 user reviews.

Company History:
Banner Life was chartered in 1949 under the name Government Employees Life Insurance Co. (GELICO) as part of the Government Employees Group. GELICO was rated A+ (superior) for the first time in 1976 and was acquired as a subsidiary by Legal & General Group PLC in 1981. In 1983, the company changed its name to Banner Life. Then, in 1989, the company acquired William Penn Insurance of New York and in 2010 Banner Life ranked 12th among all US companies that issued new life coverage that year. Now Banner has a..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, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Banner Life Insurance Satisfaction Survey

Overall, how satisfied are you, with Banner Life Insurance?


Contact Information for Banner Life Insurance

Company Contact Info:
CEO and President   James D. Atkins
3275 Bennett Creek Avenue
Frederick, MD 21704
800-638-8428

Banner Life Insurance Reviews and Customer Comments

"Does anyone know how to get this situation handled in a timely fashion. My parents got a policy in my name when I was a baby. 54 yrs later that policy if cashed out is around 7 grand. But in those 54 yrs Ive been married three times. Since i don't have the policy in my hands I have to prove it's my policy. Any suggestions on how to get this? I can't find my birth cert and my other marriage licenses. HELP"
Commented on 2014-07-26 15:40:11 EST
"Very good company all these issues on this site are due to people messing up their own billing. All insurance companies will make you pay a lot of money if you don't pay your premiums when they are due Best price and a good company "
Commented on 2014-06-02 13:25:04 EST
"Don't buy from this company. Very poor customer service. They seem to be having financial problems and trying to save on personnel training. Customer service employees are rude and not helpful. "
Commented on 2014-04-22 10:12:44 EST
"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
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