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Corporate Profile


Banner Life Insurance Company is 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; that concern even extends to people who don’t yet have life insurance protection because we know how beneficial it can be. We consider ourselves lucky to work for a company that cares about families – the families by traditional definitions and those defined by your own personal circumstances, the business owners who consider their partners as family, the employees who are part of our corporate family, and the brokerage agencies who make up the familial insurance community.


At Legal & General America Every Day Matters.   We sincerely hope your life is a long one and we have plans to help make that a reality. Whatever its length, you can count on us to help provide financial security for those who will still have to go on living even if you’re not.


How can we be so sure? Banner is financially strong, fiscally responsible and committed to the business practices that will make sure we will be here when you need us most. Our life insurance policies are sold through independent agents and brokers. Because of that independence, you can trust that when an agent recommends Banner we’ve been compared to other companies and proved to be a good match for your life insurance needs. More information about our financial strength is available here.


Our history began in 1949 and sixty-five plus years later we are still a growing company. At year-end 2013, Banner had more than $587 billion of life insurance in force; according to a year-end LIMRA study, we ranked 3rd among all U.S. companies for new coverage issued.


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 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. At year-end 2013, William Penn had nearly $87 billion of life insurance in force.


Banner's home office is located in Urbana, Maryland, just minutes away from our nation's capital.


Banner Life Insurance Company

3275 Bennett Creek Avenue Frederick, Maryland 21704




William Penn’s home office is located in Garden City, NY.


William Penn Life Insurance Company of New York

100 Quentin Roosevelt Boulevard Garden City, New York 11530 800.346.4773





Banner is a subsidiary of Legal & General Group Plc which is headquartered in London. L&G calls its U.S. operations Legal & General America, Inc. and Banner is part of that corporate entity. For more specifics, please see our company organization chart. An overview of the history of our parent company can be found here; please see the Legal & General Group website for more detailed information.


Legal & General America shares office space with Banner. Many of our employees who provide services for both Banner and William Penn are employed by Legal & General America.


Legal & General America

3275 Bennett Creek Avenue Frederick, Maryland 21704



Updated 07/2014