Banner Life Insurance Company and William Penn Life Insurance Company of New York are the companies that underwrite and issue life insurance policies under the Legal & General America brand. We are in the business of providing financial protection through life insurance for families living in America from coast to coast.
At the heart of our business is a genuine concern about our policyholders. We deeply believe in the value of life insurance protection because we know how beneficial it can be. You can count on us to help provide financial security for your loved ones in the event you are no longer here to do that yourself.
Banner, William Penn, and Legal & General America are financially strong, fiscally responsible and committed to business practices that will make sure we will be here when you need us most.
Download our financial strength brochure here.
While Banner is licensed to conduct business in every state and the District of Columbia except New York, we have a subsidiary company to provide protection for families who live there. William Penn Life Insurance Company of New York has been our New York branch for more than twenty-five years. The executives who provide financial management for Banner do so for William Penn as well so policyholders in New York can share the national confidence in our financial strength. William Penn policies are also sold through independent agents and brokers who work in New York.
Who is Legal & General America?
Our parent company, Legal & General Group, formed Legal & General America as a holding company in 1981, and bought Government Employees Life Insurance Company (GELICO) and its NY affiliate. The GELICO name changed to Banner in 1983. William Penn was purchased by Legal & General Group Plc as a wholly owned subsidiary of Banner Life Insurance Company in 1989. While Banner and William Penn remain the companies that underwrite and issue our policies, we go to market under a single name, Legal & General America.
Banner Life Insurance Company provides life insurance products and services. It offers renewable and convertible term life insurance; and universal life and flexible premium universal life insurance products. The company sells its products through independent life brokerage agencies in the United States. Banner Life Insurance Company was formerly known as Government Employees Life Insurance Company and changed the name to Banner Life Insurance Company in 1983. The company was founded in 1949 and is based in Frederick, Maryland, with an office in Garden City, New York. Banner Life Insurance Company operates as a subsidiary of Legal & General Group Pl