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Banner Life Insurance

Banner Life Insurance

Banner Life Insurance was contracted as GELICO or Government Employees Life Insurance Company in the year of 1949. After that, the company was fully owned by the Legal & General Group Plc in the year 1981. The name got altered to Banner Life in the year 1983 to enhance their flagship status with the Legal & General America across the nation.

The unit of Banner Life Insurance, William Penn Life Insurance of NY participated in the corporate team in the year 1989. Since then, administration for two concerns was merged at the higher level. Individual life insurance plans offered by William Penn are available in only NY and by means of the independent indemnity broker farms.

Legal & General Group possesses a lengthy legacy of flourishing insurance operation, from its beginning, more than one and half a century ago. The company's wealth has continuously placed it among the biggest life indemnity companies of the world.

The great amalgamation of nationwide occurrence of Banner Life Insurance and William Penn's about 38 years of brokerage expertise along with the functional combination of two companies builds a sturdy blend.

Banner Life Insurance plans are available by means of independent life insurance brokerage farms in 48 American states as well as the District of Columbia. The company considers financial pledges sincerely and assures to serve their consumers well; and keep the ethical level higher at each business operation. The company emphasizes on providing inexpensive and unique products along with approachable services to its customers, with a target of creating and maintaining long-lasting and win-win relations for the entire life.

As of 2004, the company had wealth of about 250 million dollar in operational life insurance and more than 3 billion dollar in assets. William Penn possessed nearly 50 billion dollar in operational life insurance and more than 1 billion dollar in assets.

Plans offered by the company:

  • The company offers 10 to 30 year's long term insurance plans along with alteration choice at no additional charge.
  • Elective riders are included of renunciation of premium, which is also obtainable at no additional premium. With it, the customers do not have to make payment at the time of any disability.

The Company's Rating

S & P: AA

A.M. Best: A+

For further information, the customers can contact at the following address:

Banner Life Insurance
1701 Research Blvd.
Rockville, MD 20850.

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