Banner Life Insurance Company |


For nearly 70 years, we’ve been in the business of providing financial protection for American families from coast to coast.


The Legal & General America companies are Banner Life Insurance Company and its subsidiary William Penn Life Insurance Company of New York. Banner was founded as GELICO in 1949 and has been part of Legal & General Group Plc since 1981; William Penn joined the family in 1989.


While Banner and William Penn remain the companies that underwrite and issue our policies and group annuities, we go to market under a single name, Legal & General America.


Keeping our products affordable, protecting your retirement, and providing high quality, efficient customer service are just the fundamentals for us. Our long history demonstrates our experience in every kind of economic climate. Today, we are evolving to better meet our customers' needs in a more dynamic world.

A.M. Best

Annuities Offered

Immediate Annuities

These can provide an income stream immediately (within one year) after the contract is issued.

Deferred Income Annuities

The income stream is delayed for a certain period of time (more than one year) as specified in the contract.

Multi-Year Guaranteed Annuities

MYGA's are tax deferred, and typically purchased with a single premium.

Fixed Indexed Annuities

These are fixed annuities with a variable rate of interest added to your contract value if an underlying market index, (i.e. S&P 500), is positive.