Who Offers the Best-Priced Term Life Insurance?

Shawn Plummer

CEO, The Annuity Expert

When it comes to finding the best-priced term life insurance, Banner Life Insurance stands out for several reasons: Not only are they highly rated, but offer an accelerated underwriting process that can eliminate medical exams and doctors records.

1. Favorable Table Ratings

  • Standard Plus Ratings: Banner offers its table ratings on a Standard Plus basis, which can be more advantageous for applicants.
  • Comparison with Other Companies: Many insurers use a range from Preferred to Standard without offering Standard Plus, potentially leading to higher premiums for some applicants.

2. Competitive on Preferred and Preferred Plus

  • Attractive Rates for Healthier Individuals: Banner offers competitive rates for those who qualify for Preferred and Preferred Plus health classifications.
  • Lower Premiums: These classifications generally result in lower premiums for policyholders.

3. Guarantee Issue Child Rider

  • Added Benefit: Banner offers a guaranteed issue child rider, allowing policyholders to add coverage for their children to their policy.
  • Cost-Effectiveness: This feature adds value to the policy without significantly increasing the premium.

Alternative: Pacific Life

Pacific Life is another insurer well-regarded for its term life insurance offerings, with specific strengths:

  • Competitive Term Policies: Known for offering competitively priced term life insurance.
  • Term Conversion Options: Offers favorable terms for converting term policies into permanent life insurance, which can be beneficial for long-term planning.
  • Reputation and Reliability: Pacific Life has a strong reputation in the industry, providing an additional level of confidence for policyholders.


Banner Life Insurance stands out as a top choice for best-priced term life insurance, particularly due to its favorable table ratings on Standard Plus, competitive rates for healthier individuals, and the guaranteed issue child rider. For those looking for alternative options with strong term conversion policies, Pacific Life is a commendable choice.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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