OPTerm policy from #RT-97. Not available in all states. Policy descriptions provided here are not a statement of contract and are not for public distribution. OPTerm 10 issue ages 20-80 and 20-70 in the state of Washington. OPTerm 15 issue ages 20-70 and 20-65 in the state of Washington. OPTerm 20 issue ages 20-65, 20-62 in Oregon and 20-60 in the state of Washington. OPTerm 30 issue ages 20-50, 20-45 in Oregon and 20-45 in the state of Washington for standard tobacco class only. Premium rates vary by coverage amount. $100,000-$249,999, $250,000-$999,999 or $1 million and above. Premiums quoted include $50 annual policy fee. Premiums quoted are guaranteed to stay level for 10, 15, 20, or 30 years, respectively, and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco and standard tobacco classes. OPTerm 10, 15, 20 and 30 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 20 days of receipt in most states. Rates as of 5-21-2007. Specs as of 2-14-05. Two-year contestability and suicide provisions apply. Underwritten and issed by Banner Life Insurance Company, Rockville, MD.
Please contact Tennessee Brokerage Agency to confirm appropriate licenses for your state and contractual authorization to represent Banner Life.
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