Banner Life Insurance Company was established in 1949 and is a Legal & General America company, a wholly owned subsidiary of Legal & General Group Plc., which was founded in 1836. Banner Life Insurance is domiciled in Maryland and is licensed to do business in 49 states and the District of Columbia.

Term insurance with guaranteed level premiums during the initial 20-year period. Premiums increase annually in years 21 and later. Re-entry is available with evidence of insurability. Policy Form No. RT-97 or state variations

Conversions on the OPTerm products are available for the duration of the guaranteed level premium period, or up to attained age 70, whichever comes first. When a policy is issued for an insured age 66 or greater, then the policy is convertible for the first five years.