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finder.com's rating: 2.5 / 5
★★★★★
18 to 76
Issue Age
N/A to $30,000 without a medical exam
Coverage
Depends on policy
Medical Exam Required
Policies | Term, Whole, Universal, Critical illness, Annuities |
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Coverage maximum | $30,000 without a medical exam |
Term lengths | 5, 10, or 20 years |
Medical exam required | Depends on policy |
Available states | Nationwide |
Issue age | Not listed |
Riders |
Accelerated death benefit rider Accidental death benefit rider Child rider Disability income benefit rider Guaranteed insurability rider Level term rider Payor benefit rider Waiver-of-premium rider |
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Review by
Amy Stoltenberg writes about lifestyle and money for Finder, researching the best options for shopping, banking, insurance and authentic travel experiences. After studying writing and fashion at Savannah College of Art and Design, she worked designing apparel at a corporate behemoth before opting for a career with unlimited travel time. When her laptop’s closed, she can be found wandering the streets looking for happy hour and hole-in-the-wall eateries.
Bankers Life appeals to those who are interested in retirement planning. It offers three key policies and personalized service — but you can’t apply for a policy online, and the insurer has an old-school approach to paperwork.
If you want to apply for and manage your coverage online, compare life insurance companies.
Bankers Life keeps it simple with three policies:
This insurer allows policyholders to customize their coverage with riders. You may be able to add these extras to your policy:
Like most insurers, Bankers Life doesn’t disclose its rates online. Premiums vary, and the price you’re offered will come down these factors:
Bankers Life has been accredited with the Better Business Bureau (BBB), and has A+ rating with the organization. The BBB has recorded 85 complaints over the last three years, and customers award the insurer 2 out of 5 stars — which means there’s room for improvement when it comes to customer service.
If you’re interested in learning more about getting insured by Bankers Life, here’s how to get started:
After you see your quote, Bankers Life gives you the option to request a callback. If you want to move forward, you’ll get a call to talk about next steps.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.