More value for you and your clients
Legal & General America is offering an exchange program allowing Banner Life customers who purchased OPTerm 10, 15, 20, 25, 30 or 35 within the past 48 months to trade up to a longer duration policy at his or her current attained age with no underwriting. Learn more about our conversion alternative.
Program highlights
- Products – active Banner Life OPTerm 10, 15, 20, 25, 30, and 35 policies*
- Premiums – based on attained age, nearest birthday
- Underwriting classes – all risk classes, including rated policies
- Exchange form LP198 (1-24) – must be received within 48 months of original policy effective date.
- Commissions – full commissions will be paid on net premium increase
- Face amount – must match original term policy and be within retention limits