Banner Life Insurance Company is pleased to introduce Life Umbrella UL 120 effective today in 35 states.

The Banner Life Umbrella UL 120 is simple to understand as it provides lifetime no-lapse guaranteed coverage with straightforward lifetime and limited payment options.  Our commitment to remain competitive on price, compensation and underwriting continues with this product introduction as it also provides:

• Competitive compensation with high commissionable target premiums
• 24-month rolling target premiums
• 2001 CSO mortality tables
• Lapse protection flexibility at single pay, short pays and lifetime
• Maturity age is 120, but extended maturity is available upon request
• Issue ages 20-85
• Level death benefit option only
• Catch up provision
• Available for term conversions

Product Transition Period

In states where the new product is approved, Banner Life will accept applications for the Continuity UL and Capitol 10 UL through November 14, 2008 after which both Continuity UL and Capitol 10 will be withdrawn. Applications received after the deadline will be underwritten using the new product. At the time of issue, a delivery requirement will be generated with an amendment for the new plan along with a revised illustration.

Pending New Business

Continuity Lifetime UL and Capitol 10 UL applications pending approval may be considered for the new product by written request, via email to your assigned Underwriting Team email address. At the time of issue, a delivery requirement will be generated with an amendment for the new plan and a revised illustration. If the pending case is a term conversion, the request should be sent to the Customer Service Department, via email at Customerservice@bannerlife.com.

Availability by State

The current product availability by state list is available on the News page of our website at http://www.lgaamerica.com. The list will be updated as the new product is approved in each state.

Call Madison Brokerage at 888-539-3232.