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Jon Reinemann
| last reviewed March 2025

Banner Life with SelectQuote

For over seven decades, Legal & General America has been providing financial protection for families all over the country. Legal & General America is comprised of Banner Life Insurance Company and its subsidiary William Penn Life Insurance Company of New York. Banner Life Insurance Company was founded as Government Employees Life Insurance Company (GELICO) in 1949 and has been part of Legal & General since 1981.
While Banner Life and William Penn remain separate carriers, the companies go to market under a single name, Legal & General America. Combined, these carriers serve over 1.5 million customers. Banner Life is a highly ranked carrier known for its affordability and wide range of products offered. Purchasing term life insurance from highly rated insurance carriers like Banner Life is made easy with the help of SelectQuote. See your options for life insurance coverage with a free quote from SelectQuote today.

Life Insurance Products Banner Life Offers Through SelectQuote

Banner Life offers term life insurance through SelectQuote. Known as OPTerm, this product offers affordable coverage options for people ages 20 through 75. Customers can choose from a variety of term lengths up to a 40-year term.

Who is Banner Life best for?

With a variety of riders and policy customization options available, Banner Life is a great choice for policyholders with specific or unique coverage needs. Banner Life’s term policies also come with a terminal illness accelerated benefit rider at no additional cost, making them a great option for those with a higher risk of serious illness. No matter your situation, SelectQuote can help you find a Banner Life insurance policy that’s right for your needs and budget.

FAQs About Banner Life Insurance Company

Does Banner Life require medical exams?

When you apply for a life insurance policy, you are typically required to also go through a medical exam. While it can seem intimidating, this process is actually quick and easy, taking less than an hour to complete, and can happen wherever is easiest for you—an exam center, home, or work. However, Banner Life also offers no medical exam options, which allow you to bypass the exam and get instant approval.

Can I get a free life insurance quote from Banner Life?

By shopping for life insurance with SelectQuote, you can receive free life insurance quotes from some of the most trusted insurance companies in the nation, such as Banner Life, in just minutes.

Is Banner Life’s insurance application process easy?

The life insurance application process can seem intimidating and complicated, but it’s made easier with SelectQuote. We will walk you through the process and ensure you have all your questions answered before submitting to the carrier that’s right for you.

Why shop Banner Life with SelectQuote?

At SelectQuote, we can compare coverage and rates from some of the most trusted insurance companies in the nation—including Banner Life—to find the right coverage for you in just minutes.

Explore Other Life Insurance Companies with SelectQuote

SelectQuote can compare coverage and rates for life insurance on your behalf in just minutes. While the term life insurance policies from Banner Life are a great fit for some, we’ll shop policies from an array of carriers on your behalf to ensure you have the right coverage for you. Learn more about the other life insurance carriers we partner with and see how much you can save on life insurance today.