Legal & General America is offering an exchange program allowing Banner Life customers who purchased OPTerm 10, 15, 20, 25, 30 or 35 within the past 48 months to trade up to a longer duration policy at his or her current attained age with no underwriting. Learn more about our conversion alternative.

Program highlights

• Products - active Banner Life OPTerm 10, 15, 20, 25, 30, and 35 policies*
• Premiums - based on attained age, nearest birthday
• Underwriting classes - all risk classes, including rated policies
• Exchange form LP198 (1-24) - must be received within 48 months of original policy effective date. 
• Commissions - full commissions will be paid on net premium increase
• Face amount - must match original term policy and be within retention limits

*Exclusions may apply. Refer to form LP198 (1-24) to view all exclusions.

For more information, contact sales ⮞

Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Valley Stream, NY. Banner products are distributed in 49 states and in DC. William Penn products are available exclusively in New York; Banner Life is not authorized as an insurer and does not do business in New York. The Legal & General America companies are part of the worldwide Legal & General Group. CN01192024-2