Banner vs. Cincinnati: Best Life Insurance Company in 2021

When you compare Banner vs. Cincinnati life insurance, Banner has cheaper rates for both men and women of various ages. Both Banner and Cincinnati life insurance companies have A+ ratings with A.M. Best. However, Banner received an A+ rating with the Better Business Bureau and Cincinnati is not rated. Both Banner and Cincinnati offer various life insurance products and financial services.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Aug 26, 2021

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Quick Facts

  • Banner life insurance rates are cheaper than Cincinnati rates
  • Cincinnati and Banner have the same A+ rating from A.M. Best
  • Banner has an A+ Better Business Bureau rating, and Cincinnati is not rated at all

Since it can be difficult to sort through all of the options available, we will compare Banner vs. Cincinnati life insurance companies head to head to see if either is right for you.

Both Banner and Cincinnati offer different types of term and permanent life insurance, as well as other products. The companies vary greatly on the products they offer besides life insurance.

That’s why it’s important to look at more than just rates when choosing a life insurance company. Compare Banner vs. Cincinnati rates, ratings, and products offered to find the best fit for you.

Before you buy Banner or Cincinnati life insurance, shop around to make sure you are getting the best deal. Many companies offer great coverage at low rates.

Keep reading to compare Banner vs. Cincinnati life insurance. Before you begin, enter your ZIP code now to compare free life insurance quotes from companies in your area.

Banner vs. Cincinnati: Which company offers more affordable rates to women?

As with other types of insurance, companies look at specific personal information to determine your rates. Life insurance companies look at many factors, but the most significant are your age, gender, and medical conditions.

All of these factors combined will determine how affordable Banner vs. Cincinnati life insurance will be for you. Keep in mind, each company looks at those important factors differently, so your rates will vary. This is why shopping around is so important.

This table shows the average monthly Banner vs. Cincinnati life insurance rates for women of various ages who don’t smoke.

Banner and Cincinnati Average Monthly Life Insurance Rates for Women
Age of Female Non-SmokerBanner Average Monthly Rates $100,000/20-yearCincinnati Average Monthly Rates $100,000/20-year
25$8.11$9.68
30$8.12$10.12
35$8.75$10.65
40$10.06$12.67
45$13.19$16.10
50$18.04$20.86
55$24.71$28.60
60$36.39$43.91
65$82.43$70.31
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Banner was cheaper for all age groups, except women age 65. Cincinnati had significantly cheaper life insurance rates for women in this age group.

Women who smoke or have certain medical conditions will see much higher rates than these averages.

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Banner vs. Cincinnati: Which company offers more affordable rates to men?

Now, let’s look at average monthly Banner and Cincinnati life insurance rates for men of various ages who don’t smoke.

Banner and Cincinnati Average Monthly Life Insurance Rates for Men
Age of Male Non-SmokerBanner Average Monthly Rates $100,000/20-yearCincinnati Average Monthly Rates $100,000/20-year
25$8.88$10.47
30$8.91$10.56
35$9.34$11.44
40$10.84$14.17
45$15.82$19.10
50$21.92$24.82
55$33.18$35.38
60$52.39$56.67
65$97.26$101.38
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Banner life insurance rates are cheaper for men of all ages. However, as with women, smoking and some medical conditions can raise those rates.

It may not be easy to compare Banner vs. Cincinnati life insurance quotes. Banner offers online quotes, but you must speak with an agent to get a Cincinnati life insurance quote.

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Banner vs. Cincinnati: Which company is more well-reviewed?

Cost isn’t the only thing to consider when looking for a life insurance company. Ratings are also important because you need to be able to depend on your company to be there for your family.

Next, we will look at financial and customer ratings for Banner and Cincinnati to see if these are trustworthy companies you can count on.

The financial health of an insurance company is assessed by A.M. Best. The scale of ratings ranges from A++ to D. Both Banner and Cincinnati received A+ ratings, showing they have a superior ability to meet financial obligations.

The Better Business Bureau (BBB) rates companies on how well they interact with customers. The BBB rating scale goes from an A+ all the way down to an F.

Banner received an A+ rating, but Cincinnati is not rated. Neither company is accredited with the BBB.

Banner vs. Cincinnati: The Bottom Line

Banner life insurance is cheaper for both men and women, and both companies received an A+ for financial stability.

Both Banner and Cincinnati offer easy-to-use websites. You can find out your policy details and access your account with either your Cincinnati or Banner life insurance login.

However, there are some major differences between the companies.

Banner is a subsidiary of Legal and General with service in 49 states. It also has some of the lowest rates out there. Banner offers many types of life insurance, as well as annuities and retirement services.

You can contact customer service online or by calling the Banner life insurance phone number at (800) 638-8428.

Cincinnati also offers various types of life insurance, as well as homeowners insurance and auto insurance. In addition, Cincinnati offers high-end insurance for customers with homes over $1 million or yachts.

You can reach Cincinnati customer service online or by calling (888) 242-8811.

To learn more, read our Banner life insurance review and our Cincinnati life insurance review.

Before you make a decision, shop around and compare rates and ratings from multiple life insurance companies. There are so many choices out there, you should be able to find the coverage you need at a reasonable rate.

We hope you’ve learned all you need to know about Banner vs. Cincinnati life insurance companies. Before you go, enter your ZIP code to compare quotes from life insurance companies near you for free.

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