06/15/2010 - Banner Term Rates Down
New rate reductions announced by Banner Life for Opterm- across all periods- 10,15,20, and 30yr plans, male and female rates. Focused on Preferred Plus, Preferred NT, Standard Plus NT.
No Change in Compensation
No Change in convertibility
No Increases
No longer a band of higher rates at $2,000,001+. Our super-competitve $1million rates apply to all higher face amounts.
OUR MINIMUM FACE AMOUNT IS $100,000.
New rates apply to all policies issued June 15 or later, with the exception of those with a face of $2,000,001 and higher, to which new rates will apply to policies issued July 1 or later. Applications for less than $100,000 will be accepted and issued at the old rate band through July 15.
