Many people are under the impression that you cannot buy life insurance for marijuana users. In fact, many applicants lie about their usage and then are denied coverage, not because they use marijuana, but because they lied about it. Insurance companies refer to this as misrepresentation. The truth of the matter is using marijuana does […]
Banner Life Insurance Company
Legal & General America
3275 Bennett Creek Avenue
Frederick, Maryland 21704
Company Web: http://www.lgamerica.com
About Banner Life Insurance Company
Banner Life Insurance Company and William Penn Life Insurance Company of New York are the companies that underwrite and issue life insurance policies under the Legal & General America brand. They are in the business of providing financial protection through life insurance for families living in America from coast to coast. William Penn, and Legal & General America are financially strong, fiscally responsible and committed to business practices that will make sure we will be here when you need us most.
Who is Legal & General America?
Banner’s parent company, Legal & General Group, formed Legal & General America as a holding company in 1981, and bought Government Employees Life Insurance Company (GELICO) and its NY affiliate. The GELICO name changed to Banner in 1983. William Penn was purchased by Legal & General Group Plc as a wholly owned subsidiary of Banner Life Insurance Company in 1989. While Banner and William Penn remain the companies that underwrite and issue our policies, they go to market under a single name, Legal & General America.
Financial Strength Ratings
A.M. Best (20 ratings) A+ (2)
S&P (20 ratings) AA- (4)
Moody’s (21 ratings) N/A
Fitch (21 ratings) AA- (4)
Weiss (16 ratings) C (8)
Comdex Ranking (Percentile) 94
Ratings as of 10/20/16
When we consider using life insurance as an investment, there are as many people in favor of it as there are opposed. Certainly, financial gurus like Dave Ramsey and Suze Orman are against life insurance for any reason other than a death benefit, but remember, while speaking out against most life insurance products, they are […]
Life insurance provides your family and loved ones with a vital financial safety net in the event of your death. But with a variety of life insurance policy options available, many people wonder exactly how to handle their policies when it comes to filing taxes. The good news is that in most cases, you do […]