Banner Life Insurance Company

Ratings Information

Rating Agency	Rating Category	Rating
A.M. Best	Financial Strength	A+
Standard & Poor's	Financial Strength	AA
Moody's	Financial Strength	No Rating
Fitch	Financial Strength	No Rating

Term Life Insurance Products Information:

Product Name	Conversion Option		Face Amounts	Other Features
Advantra UL	This product is not available to receive term conversions nor can it be converted to another universal life plan.		Band 1: $100,000-$249,999 Band 2: $250,000-$999,999 Band 3: $1 million and over	Advantra is a flexible premium universal life insurance plan offering a 20-year no-lapse guaranteed death benefit. The 20-year guarantee ensures that the policy will stay in-force during the first 20 years, provided total premiums paid less partial surrenders and loans are at least equal to the cumulative monthly 20-year guarantee premium. The policy’s account value is based on the amount of your premium payments, less monthly cost of insurance, and other expense charges plus monthly interest credited to the policy. Generally a premium payment higher than the minimum is required to build account value and provide coverage beyond 20 years. Interest rates and cost factors are subject to change. The interest rates are guaranteed never to go below 4% and cost factors are guaranteed not to exceed the maximums listed in the policy contract. Matures at age 100 with extended maturity available in some states. Surrender Charges: 100% of minimum premium for band 2 including policy fee (but not riders or substandard extra premiums), payable during first 11 policy months only. Subject to maximum of $60 per $1000. No-Lapse Provision: Policy will lapse if the cash surrender value is insufficient to cover the monthly deduction. However, policy will not lapse regardless of the cash surrender value if cumulative premiums paid, less loans or partial withdrawals, equal or exceed the cumulative sum of monthly guarantee premiums during the initial 20-year period from issue. Total Disability Benefit: Available at ages 20-55. If the insured becomes totally disabled while the policy & benefit are in-force, a monthly disability benefit will be credited to the policy’s account value. The benefit is the greater of the total monthly charges for the policy or the monthly guarantee premium. Proof of disability required. If disability occurs prior to age 60, the benefit will be credited until age 65 or during the first year of disability, whichever is longer. Cost of Insurance: Level for first 20 years. Increases annually in years 21 and later.
OPTerm 10 OPTerm 15 OPTerm 20 OPTerm 30	Convertible for the duration of the guaranteed level premium period or up to attained age 70, whichever comes first. Policies issued at age 66 or over are convertible during the first five policy years.		Band 1 - $100,000-$249,999 Band 2 - $250,000 -$999,999 Band 3 - $1 million and over Maximum face of $2,000,000 in the state of WA	Waiver of Premium: Waiver of Premium issue ages 20-55 for OPTerm 10, 15 & 20. Available ages 20-50 for OPTerm 30. Waiver of Premium coverage ceases at age 59. Banner will waive all premiums that are due during total disability if: 1) we are given due proof of total disability; and 2) such total disability has then existed continiously for at least 6 months.

Term Lengths	5 Year Term Life Insurance	10 Year Term Life Insurance	15 Year Term Life Insurance	20 Year Term Life Insurance	25 Year Term Life Insurance	30 Year Term Life Insurance
Issue Ages	Not Available	OPTerm: 20-80 (20-70 in WA)	OPTerm 15: 20-70 (20-65 in WA)	OPTerm 20: 20-65 (20-62 OR; 20-60 in WA) Advantra: 20-80	Not Available	OPTerm 30: 20-50 (20-45 Tobacco classes in OR and WA)

State Approvals:

State	Approved?	State	Approved?	State	Approved?	State	Approved?
Alabama Term Life Insurance	Advantra: No	Illinois Term Life Insurance	Yes	Montana Term Life Insurance	Advantra: No OPTerm: No	Rhode Island Term Life Insurance	Yes
Alaska Term Life Insurance	Yes	Indiana Term Life Insurance	Yes	Nebraska Term Life Insurance	Yes	South Carolina Term Life Insurance	Yes
Arizona Term Life Insurance	Yes	Iowa Term Life Insurance	Yes	Nevada Term Life Insurance	Yes	South Dakota Term Life Insurance	Yes
Arkansas Term Life Insurance	Yes	Kansas Term Life Insurance	Yes	New Hampshire Term Life Insurance	Yes	Tennessee Term Life Insurance	Yes
California Term Life Insurance	Yes	Kentucky Term Life Insurance	Yes	New Jersey Term Life Insurance	Yes	Texas Term Life Insurance	Advantra: No
Colorado Term Life Insurance	Yes	Louisiana Term Life Insurance	Yes	New Mexico Term Life Insurance	Yes	Utah Term Life Insurance	ROP: No; Ultra and Ultra C: Yes
Connecticut Term Life Insurance	Yes	Maine Term Life Insurance	Advantra: No	New York Term Life Insurance	Advantra:No OPTerm: No	Vermont Term Life Insurance	Yes
Delaware Term Life Insurance	Yes	Maryland Term Life Insurance	Yes	North Carolina Term Life Insurance	Yes	Virginia Term Life Insurance	Yes
Dist. of Columbia Term Life Insurance	Yes	Massachusetts Term Life Insurance	Advantra: 5 yr guarantee only	North Dakota Term Life Insurance	Yes	Washington Term Life Insurance	Yes
Florida Term Life Insurance	Yes	Michigan Term Life Insurance	Yes	Ohio Term Life Insurance	Yes	West Virginia Term Life Insurance	Yes
Georgia Term Life Insurance	Yes	Minnesota Term Life Insurance	Yes	Oklahoma Term Life Insurance	Yes	Wisconsin Term Life Insurance	Yes
Hawaii Term Life Insurance	Yes	Mississippi Term Life Insurance	Yes	Oregon Term Life Insurance	Yes	Wyoming Term Life Insurance	Yes
Idaho Term Life Insurance	Yes	Missouri Term Life Insurance	Yes	Pennsylvania Term Life Insurance	Yes

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