October 8, 2020

New Term Pricing Effective October 8, 2020

New rates for Banner Life and William Penn OPTerm series options include a mix of decreases and increases.

Banner Life OPTerm pricing comes in at #1 - 73% of the time and top 3 - 89% of the time against core competitors*

What's Changed

New rates include a mix of increases and decreases, with a focus on earning the top competitive position in the Preferred and Standard Non-tobacco classes and improving competitive position in the Preferred Plus class. Rate changes were primarily focused on the 10 to 30-year level term periods with no change to 35 and 40-year options.

William Penn OPTerm pricing comes in at #1 - 80% of the time and top 3 - 94% of the time against core competitors*

Share With Agents

Check out our updated term webpage
to find administrative guidelines, product specifications, marketing materials and more.

Download:

GA Administrative Guidelines

Broker Administrative Guidelines

New Term Rates Flyer

Please remember to refresh your browser to ensure you are seeing the latest versions.

*Rankings based on Banner Life OPTerm annual pricing for all ages and classes at durations of 10, 15, 20, 25, 30, 35 and 40 years
*Rankings based on William Penn OPTerm annual pricing for all ages and classes at durations of 10, 15, 20, 25 and 30 years.

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