Banner Life Insurance Company
www.lgamerica.com
- 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
Company Information
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
Rockville, MD
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.
*Independent Ratings
A.M. Best Company and Standard & Poor's: http://www.lgamerica.com/id00001.htm
Assets
Banner Life Insurance Company had total assets as of 12/31/06 of approximately $1.2 billion.
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