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Home > Health Insurance > Life Insurance > Banner Life
Banner Life
The history of Banner Life Insurance Company is more than 50 years strong. Chartered in 1949 as Government Employees Life Insurance Company, they were acquired by Legal and General Group Plc as a wholly owned subsidiary in 1981. In 1983, their name was changed to Banner Life, signifying their flagship position with Legal and General America in the United States.
Banner Life's subsidiary, William Penn Life Insurance Company of New York, joined the corporate group in 1989. Since that time, management for both companies has been consolidated at the senior level. Banner Life's national presence, William Penn's nearly 40 years of brokerage experience and the operational synergy between both companies is a strong combination. Banner's life insurance products are sold through independent life brokerage agencies in 48 states and the District of Columbia.
They take an even greater pride in their financial and management independence. Their ratings indicate that Banner can and will honor its commitments to policy owners based on its own, independent financial strength.
Banner Life Insurance Company and William Penn Life Insurance Company of New York make up the Legal and General America companies. They are wholly owned subsidiaries of Legal and General Group Plc, a world-wide insurance organization headquartered in London.
Its strong financial position has allowed Legal and General Group Plc to make profitable acquisitions and take advantage of new business opportunities as it has expanded its presence worldwide, with operations presently in the United States, the United Kingdom, the Netherlands and France.
At Banner Life, they take their financial promises seriously. They also promise to treat their customers fairly and to apply ethical standards to every business transaction. They believe in offering low-cost, innovative products and responsive service. Their goal is to build lasting, mutually beneficial partnerships for life.
They know their mission and business strategy and are committed to the long term success of the organization and the financial protection of their policyholders. They possess the core competencies needed to perform their jobs and they continuously improve and learn. They are focused on the future as well as the present. They consider how their actions today will impact the organization and their customers of tomorrow.
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