Banner Life, based in Frederick, Maryland, started out in 1949 and is now a subsidiary of Legal & General. As of the end of 2013, Banner Life had over $587 billion of life insurance in force and ranked 3rd among all U.S. companies for newly issued policies. Banner Life is licensed in every state and the District of Columbia. New York is the only exceptions, where their sister company William Penn Life provides life insurance and is base in New York.
- Rated A+ (Superior) by A.M. Best
- Rated AA- (Very Strong) by S&P
- Over $5.7 billion in assets
- Over $587 billion of life insurance in force