The Banner Life Mission
At Banner Life family of companies, our mission is simple: Protect more families and businesses through life insurance. Our sole focus is to safeguard your financial well-being — and it has been for more than 70 years.
Banner Life family of companies
As one of the nation's strongest life insurers, Banner Life is ranked number two for term life insurance providers in the US. Our long history of serving families and our continued financial strength is our foundation. Banner life family of companies' insurance products are sold in all 50 states, including D.C., through our companies, Banner Life Insurance Company and William Penn Life Insurance Company of New York.
Term life insurance is our bread and butter
Although we offer both term policies, no other national life insurer offers more term life options than we do. We take a holistic approach to life insurance, honoring our commitment to delivering high-quality products with outstanding service at affordable prices. And, our partnership with more than 150,000 agents around the country helps you customize a policy to fit your needs — regardless of where you are on your financial journey.
Our story begins more than 70 years ago.
In 1949, Government Employees Life Insurance Company (GELICO) is chartered.
Banner Life family of companies
Banner Life Insurance Company and William Penn Life Insurance Company of New York each have two divisions
Insurance
That's us! We are the insurance division that specializes in delivering life insurance solutions for families and businesses.
Location: Frederick, MD
People: 615 employees
Retirement
Founded in 2015, we are institutional retirement division. It helps companies mitigate pension risk and support a secure retirement for annuitants.
Location: Stamford, CT
People: 79 employees
Steady financial strength ratings
In insurance, the numbers matter. You want to be confident that your life insurance company has the financial backbone in place to support you if and when you need them.
You can trust the Banner Life family of companies:
- We are a proud leader in term pricing. We seek to maintain consistency and predictability for our customers.
- We are financially stable and backed by a multinational powerhouse.
- We have long history of issuing insurance.
- We have high ratings from Fitch, S&P, and A.M. Best.
Our leadership is focused on consistently delivering the coverage your loved ones deserve. It’s that simple. We’re committed to offering you the level of protection you need, with competitive premiums and superior customer service.