Banner is offering an exchange program allowing 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.
Program Highlights;
- Products- active Banner Life OPTerm 10,15, 20, 25, 30 and 35 policies (exclusions may apply – Refer to form LP198 to view all exclusions)
- 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.
For additional information, please contact our office at 248-553-9505.