Founded: 1949 (originally Government Employees Life Insurance Company — GELICO).
Parent Company: Legal & General America, part of the UK-based Legal & General Group.
Headquarters: Frederick, Maryland.
Focus: Term life and universal life insurance.
Financial Stability:
AM Best Rating: A+ (Superior) — shows strong ability to meet financial obligations.
BBB Accreditation: A+ rating for customer interaction.
Today, Banner Life and its sister company William Penn (serving New York) insure over 1.5 million American families. With more than $50 billion in assets under management, Banner Life has become a household name for affordable life insurance in the USA.