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Banner Life Insurance Company Review updated for 2019

Banner Life is also known as Legal and General. and they do business in the state of New York. as William Penn Life Insurance. Banner Life is headquartered in Urbana, Maryland and the company is owned by Legal and General America. Banner Life Insurance Company has been in the insurance industry for over 60 years.  In…
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premium deposit account

What is a Premium Deposit Account?

A Premium Deposit Account (also referred to as premium deposit fund) was designed for life insurance applicants who want to deposit a considerable amount of money in a life insurance policy that will earn interest and eliminate the possibility that the insurance policy could become a modified endowment contract (MEC). Since the PDA is a…
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modified endowment contract

Modified Endowment Contract (MEC) | The Ins and Outs

In the many articles we have provided regarding Indexed Universal Life Insurance, we have on many occasions mentioned modified endowment contracts but have not had an in-depth discussion. In this article, we are going to drill-down into the modified endowment contract (MEC) and discuss the ins and outs so that policyholders will understand whether a…
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IUL for Internists

Advantages and Disadvantages of IUL for Internists

Internists, commonly referred to as “family doctors,” generally enter start practicing medicine after completing their basic internal medicine training. Since they practice general internal medicine, these physicians are considered general internists that are equipped to take on a large spectrum of adult illnesses. Internists are primarily known for their ability to diagnose their patients and…
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IUL for gynecologists

IUL for Gynecologists

Are your contribution restrictions on your retirement planning vehicles causing you to fall short of your wealth accumulation goals? Are you maxing out your 401k or IRA and still not saving and earning enough to guarantee a retirement lifestyle that you have been planning for? Would it interest you to know there is an investment…
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IUL for pediatricians

Indexed Universal Life Insurance (IUL) for Pediatricians

An Indexed Universal Life Insurance policy (IUL) is a permanent life insurance product with flexible premiums which contains a life insurance component and an investment component. Similar to other cash value life insurance, your premium is deposited in a cash account in your policy that is used to pay policy charges and fees, and then…
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Roth IRA

What is a Roth IRA and How can It Help Me?

A Roth IRA is a distinctive investment product that has been approved by the government and offers tax-free withdrawals because your contributions have already been taxed. This investment has proven to be a legitimate long-term savings solution, particularly for young adults who are generally in a lower tax bracket now but will be in a…
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best rates for 30 year term life insurance

Best Rates for 30 Year Term Life Insurance

Term Life Insurance is probably the most popular life insurance policy in the marketplace today, especially if you are a young adult and need a considerable amount of coverage. When we buy life insurance, whether it’s term life insurance (temporary) or universal life and whole life (permanent), the most important thing to consider is “why…
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term life insurance

Best Quotes for 15 Year Term Life Insurance

Term Life Insurance is considered to be the cheapest life insurance that a person can buy. Because of this, term life insurance is typically the most popular insurance product for young and middle-aged adults. Most insurance shoppers are aware that term insurance can be purchased for up to 40-year terms so it’s logical to wonder…
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