Life Insurance Company
- Rated A+ (Superior) by A.M. Best*
- Banner is a wholly-owned subsidiary of
Legal & General, Inc.
- Established in 1949
- Headquartered in Rockville, MD
- Over $1.2 billion in assets
Banner Life Insurance Company
Rockville, MD | NAIC #94250
Government Employees Life Insurance Company (the
predecessor corporation of Banner Life) was
incorporated in the District of Columbia and
commenced business in 1949, and was acquired by
Legal & General Group Plc in 1981. The present
title was adopted in 1983. In 1986, the company
was redomesticated to Maryland.
Banner Life Insurance Company is licensed in 48
states and the District of Columbia. Banner Life
Insurance Company does not do business in
Montana and New York. In New York, policies are
offered by its subsidiary, William Penn Life
Insurance Company of New York.
Legal & General America, Inc
Banner Life Insurance Company and William Penn
Life Insurance Company of New York make up the
Legal & General companies. They are wholly-owned
subsidiaries of Legal & General Group Plc, a
world-wide insurance organization headquartered
in London. Legal & General Group Plc has had a
long history of successful insurance operations
since it commenced business over 150 years ago.
Its assets have consistently ranked it among the
world's largest life insurance companies.
Legal & General America has no financial
responsibility for the products issued by Banner
Life Insurance Company.
A.M. Best Company and Standard & Poor's:
Banner Life Insurance Company had total assets
as of 12/31/07 of approximately $1.2 billion.