
Banner Life Insurance Company
www.lgamerica.com
- Rated A+ (Superior) by A.M. Best, 2nd highest of 16 ratings*
- Wholly-owned subsidiary of Legal & General Group Plc
- Established in 1949
- Headquartered in Rockville, MD
- Over $4 billion in total assets*
Banner Life Insurance Company
1701 Research Boulevard
Rockville, MD 20850 | 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 re-domesticated to Maryland.
Legal & General America, Inc
1701 Research Boulevard
Rockville, MD 20850
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.
Banner Life Insurance Company is licensed to solicit business in every state and the District of Columbia except for Montana and New York.
William Penn Life Insurance Company of New York is licensed to solicit business only in the state of New York.
Banner Life Insurance Company is responsible for its own financial condition and contractual obligations.
Legal & General America has no financial responsibility for the products issued by Banner Life Insurance Company.
*Independent Ratings
The most prominent independent rating agencies continue to recognize Banner Life Insurance Company in terms of insurer financial strength and stability. These ratings represent the independent rating agencies' opinion of the insurer's financial strength and stability, as well as the ability to meet ongoing obligations to policyholders, and is not an implied warranty of the company's ability to meet its financial obligations. For current insurer financial strength ratings, please consult: http://www.lgamerica.com/id00001.htm
*Assets
Banner Life Insurance Company figures as of 12/31/05
|