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NEW! Banner Life AppAssist Program
Banner Life’s AppAssist program is designed to make it easy for you to facilitate the sale of high-quality low-cost term life insurance. AppAssist is a teleunderwriting program designed to shift the administrative burden and case management of filling out and processing a life insurance application from the agent to the insurance carrier. The cost of the program is a 7 percent reduction in compensation across the hierarchy.
Submit business through AppAssist.
Banner Life Business Processing Instructions
Banner Business Transmittal Form- State Specific application forms packet - Completed, signed and dated, state specific application forms to include pages 5&6 non-medical
- HIPPA
- HIV consent - (If required)
- Quote/Illustration - If premium is submitted
- Replacement - (If applicable)
- Any supplemental forms which pertain to the client's health and lifestyle
- Paramedical exam -(if the paramed is on another carrier's form, a signed letter of explanation addressed to the carrier is needed as to why the paramed is being used.)
- Cash with application (if applicable) - Please read through the Conditional Receipt agreement to ensure your client qualifies.
- Checks should be mailed to HBW at PO Box 2049, Simi Valley, CA, 93062.
- With Pre-Authorized Check Plan cases - Two months premium is required
- Without Pre-Authorized Check Plan - One quarterly premium is required
- Checks will not be accepted for sub-standard (table rated) cases.
- PAC/Monthly bank draft if your client is drafting monthly/PAC and NO conditional receipt is submitted Banner requires 1 month of premium along with the voided check. Please note the PAC can be a delivery requirement.
- FAX the following paperwork to HBW's New Business Processing Department at fax number (888) 501-1771.
IT IS REQUIRED THAT YOU KEEP THE ORIGINALS FOR AT LEAST 60 DAYS AFTER THE POLICY IS ISSUED BY BANNER LIFE.
Banner Life Status / Pending Business