EXTERNAL COMM | 🚀 New accelerated underwriting enhancements for your clients

We’re excited to share an important enhancement to our underwriting capabilities for OPTerm — powered by a meaningful increase in our retention limits and designed to help you place larger cases with greater speed and flexibility.

Our retention has increased

For ages 20–75, we've added capacity to support higher face amounts:

Preferred Plus through Table 4: Now $10M
Table 5–12: Now $2M

This update strengthens our ability to support more complex cases and is the foundation behind the improvements below.

What this unlocks:

Accelerated underwriting expanded to $5 million*
With higher retention in place, accelerated underwriting is now available for even larger cases. Exam-free and instant decisions are now eligible for clients ages 20–60 up to $5 million in coverage. Previously, AUW pathways were capped at $4 million.

Higher autobind limits across most rate classes

The increased retention also allows for greater autobind flexibility:

Preferred Plus through Table 4: Now $40M (previously $30M)
Table 5–8: Now $20M (previously $10M)

Explore more about these updates in our Underwriting Field Guide

Download Field Guide

These enhancements work together: Higher retention enables faster decisions and greater autobind capacity, so you can feel confident that we’re here for larger opportunities.

Higher limits. Faster answers. Better outcomes.

*Accelerated underwriting is only available for Banner Life Insurance Company

Banner Life Insurance Company

3275 Bennett Creek Ave,

Frederick, MD 21704

William Penn Life Insurance Company of New York

70 East Sunrise Highway, Suite 500,

Valley Stream, NY 11581

Life insurance and retirement products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Valley Stream, NY. Banner Life products are distributed in 49 states and in D.C. William Penn products are available exclusively in New York; Banner Life is not an authorized New York insurer and does not do business in New York. Each company is solely responsible for its own financial and contractual obligations. Product guarantees are backed by the financial strength and claims paying ability of the issuing company. Policy coverage and features may not be available in all states and may vary by state. Exclusions and limitations may apply. Two-year contestability and suicide provisions apply. A one-year suicide provision applies in CO, MO, and ND. CN02062026-2