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Last Updated: 04/18/2025

Bankers Life Insurance

from Bankers Life and Casualty

Last Updated: 04/18/2025

Mostly recommended7 total votes

3 users recommend

2 users are unsure

2 users don't recommend

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Highlights

Community Rating

Mostly recommended

Term Life Death Benefit Range

N/A

Term Options

Term Life
Level Term

Financial Strength Rating

A-(Verified 04/18/2025)

Number of Reviews

Bankers Life Insurance Review

Bankers Life Insurance Pros & Cons

Pros

Cons

Available in all 50 states.
Access to multiple life insurance policy types.

Bankers Life and Casualty is a life insurance carrier based in Chicago, IL. The company was founded in 1879 and offers life insurance products in 50 states (and Washington, DC).

Bankers Life Insurance FAQ

What types of life insurance products does Bankers Life and Casualty offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Bankers Life and Casualty offers.

Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Bankers Life Insurance offers term lengths ranging from 5 to 20 years.
Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.

What is SuperMoney's financial rating of Bankers Life and Casualty?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Bankers Life and Casualty an A-. Life insurance companies with this score show an excellent ability to cover their life insurance responsibilities.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

111 E Wacker Drive

Suite 2100

Chicago, IL 60601

Visit Site

Email Support

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SuperMoney Net Recommendation Score

SuperMoney users mostly recommend this product, giving it a user recommendation score of +14, or 3.3 on a 5-point rating scale.

+14

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Bankers Life Insurance Community Reviews

Would you recommend Bankers Life Insurance to your friends?

Mazhar C.

Nov 25, 2022

May or may not recommend

Bankers Life provides outstanding service to every policyholder. Online account management and live chat with a helpful customer support representative are available 24 hours a day, and 7 days a week. Viewing and managing policies, accessing, downloading and printing forms, uploading short-term, long-term, and home health care claim documents, reviewing benefits and policy values, and making payments are all made simple and convenient with using the website My.BankersLife.com. Direct billing, ...Show More

Ashma A.

Mar 8, 2022

May or may not recommend

Patrick C.

Oct 7, 2021

May or may not recommend

Bankers Life Insurance has the best customer service you can ask for .Their rates are super low and they are always ready to answer any questions you may have about your policy, they are in it for the long hale and they make sure your future is as bright as possible, I would personally recommend Bankers Life Insurance as I am a customer myself ,Thanks again guys

Victoria H.

Aug 20, 2021

May or may not recommend

To be honest, while I made the account for this one because one of my friends was for a short time an agent, and I don't really remember his speech and presentation due to the fact that it has been a few years since I saw it. But I do know as long as you pay your bill on time they give you no issues, and communicate all changes through ...Show More

Jonathan L.

Jul 12, 2021

May or may not recommend

Bankers Life was splendid to work with in order to find the best plan possible.

Lee M.

Nov 28, 2020

May or may not recommend

The company's tagline used to be, "We specialize in Seniors." What that means is their products are meant for older people; some that might have preexisting conditions. If someone is really sick, they will farm you out to one of their sister companies, Colonial Penn, that will offer you a bite-sized life insurance policy at a massive price. If your health isn't too bad, they have Whole Life options that ...Show More

Neal R.

Sep 6, 2019

May or may not recommend

My parents purchased a Home Health Care policy from this avaricious, callous, classically dispassionate company back in 2000. Sadly, for Banker’s, my parents have both lived well into their 90s which wreaks havoc on their actuarial table profitability model. They have done nothing but create obstacles to providing appropriate coverage for their customers. Their supervisors are powerless to make humane decisions to help their policyholders. In short their Home ...Show More

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