Legal & General America: Trusted Life Insurance 

Legal & General America

3275 Bennett Creek Avenue

Frederick, Maryland 21704

Banner Life: Phone: 1-800-638-8428

William Penn: Phone: 1-800-346-4773

www.lgamerica.com

Financial Rating: "A+" (Superior) by A.M. Best as of February 14, 2025

Legal & General America: A Legacy of Protection for US Families

For over seven decades, Legal & General has been a cornerstone of financial security for American families. Operating through its principal US subsidiaries, Banner Life Insurance Company and William Penn Life Insurance Company, this organization leverages the immense strength of its global parent, Legal & General Group Plc—a UK-based institution founded in 1836 and now ranked among the world's seven largest insurers with over $1.7 trillion in assets.

A History of Growth and Acquisitions

The foundation of this American operation was laid in 1949 with the establishment of the Government Employees Life Insurance Company (GELICO). Legal & General entered the US market in 1981 by forming Legal & General America and acquiring GELICO. The company was rebranded as Banner Life in 1983. To further extend its reach, Legal & General acquired William Penn Life Insurance Company of New York in 1989, creating a powerful dual-company structure that effectively serves the entire nation.

Strength, Scale, and Service Today

Banner Life (licensed in 49 states and the District of Columbia) and William Penn (serving New York exclusively) underwrite all Life & General policies in the US. Together, they protect over 1.5 million American families. Their financial position is exceptionally robust, with combined assets exceeding $13.5 billion as of year-end 2024.

This financial strength supports a massive volume of business, cementing their position as thenation’s second-largest provider of term life insurance, having issued over $132 billion in new coverage in 2024. They are renowned for offering some of the market's most affordable term life policies, with fully guaranteed premiums on plans spanning 10, 15, 20, 25, or 30 years.

Why Choose Legal & General America?

• Unmatched Financial Security:Banner Life and William Penn are backed by the seventh-largest insurer in the world and hold a combined $13.5 billion in assets.
• Top-Tier Term Life Products:As the #2 term life provider in the U.S., they offer exceptionally affordable policies with fully guaranteed premiums for terms of 10, 15, 20, 25, or 30 years.
• National Reach with Local Expertise:Banner Life provides coverage in 49 states and D.C., while William Penn expertly serves residents of New York.

Their journey began with the acquisition of Government Employees Life Insurance Co. (founded in 1949) in the 1980s, evolving into the powerhouse known today for its stability, value, and commitment to its policyholders.