Banner Life Ins. v. West Coast Life

[alaska]

Anyone have experience with either company?

[alleyoop]

We have Banner Life. I was told it was AAA rated when we bought it almost 4 years ago. I'll keep my eye on this thread to see if anyone has any input.

[excitedtobeamom]

I have West Coast because they gave me the best deal with cancer in my past. No complaints.

[leila1213]

Banner Life Insurance Company
(a member of Legal & General America Inc)
A.M.Best #: 06468 NAIC #: 94250 FEIN #: 521236145

Address: 1701 Research Boulevard
Rockville, MD 20850
Phone: [phone]
Fax: [phone]
Web: www.lgamerica.com

Assigned to companies that have, in our opinion, a superior ability to meet their ongoing obligations to policyholders.
Best's Ratings

Financial Strength Ratings
Rating: A+ (Superior)
Affiliation Code: g (Group)
Financial Size Category: VIII ($100 Million to $250 Million)
Outlook: Stable
Action: Affirmed
Effective Date: February 02, 2007
Issuer Credit Ratings
Long-Term: aa
Outlook: Stable
Action: Affirmed
Date: February 02, 2007

West Coast Life Insurance Company
(a member of Protective Life Corp)
A.M.Best #: 07222 NAIC #: 70335 FEIN #: 940971150

Address: 2801 Highway 280 South
Birmingham, AL 35223
Phone: [phone]
Fax: [phone]
Web: www.westcoastlife.com

Assigned to companies that have, in our opinion, a superior ability to meet their ongoing obligations to policyholders.
Best's Ratings

Financial Strength Ratings
Rating: A+ (Superior)
Affiliation Code: g (Group)
Financial Size Category: XIV ($1.5 Billion to $2 Billion)
Outlook: Stable
Action: Affirmed
Effective Date: April 02, 2007

Issuer Credit Ratings
Long-Term: aa
Outlook: Stable
Action: Affirmed
Date: April 02, 2007

From www.ambest.com. Both look good. Go with whichever has the most favorable rates and terms.

[alaska]

Thanks Leila, that was very helpful!

[lmonter]

We went with West Coast. I'd narrowed our choices down to three companies that cost the same and asked our insurance agent's opinion. He told me hands down, West Coast. I forget whether it was Banner or the other company he told me he wouldn't use though... So since he's been doing this thing for a number of years and knows his stuff, I trusted his opinion on it.

[leila1213]

West Coast is much bigger (a lot more assets).

[alaska]

That's the one I've been leaning towards.