Banner Life Insurance Company: Secure Your Family’s Future
Company History and Background
Founded in 1966, Banner Life has seen significant growth and evolution. In 1981, the Legal & General America Group was created as a holding company. Following this, in 1989, Legal & General Group Plc acquired William Penn, integrating it into the Banner Life structure. This history showcases the company’s commitment to expanding its services and improving its offerings for policyholders.
Core Mission and Values
The core mission of Banner Life is to assist families in securing their future through accessible and practical insurance solutions. The company upholds values of transparency and customer service. This dedication ensures policyholders receive necessary support, enabling them to make informed decisions regarding their coverage.
Financial Stability and Ratings
Banner Life Insurance Company has earned impressive ratings, including an A+ from AM Best, which recognizes it for maintaining high financial stability. Ratings from S&P Global and Fitch further reflect this stability, both granting AA ratings. Such credentials make Banner a trustworthy choice for individuals seeking to invest in their futures confidently.
Over the years, Banner Life’s overall performance has been rated at 4.5 stars out of 5, illustrating customer satisfaction. The company offers various policy options, from term insurance to universal life, catering to diverse needs while maintaining affordability and comprehensive coverage.
| Rating Agency | Rating |
|---|---|
| AM Best | A+ |
| S&P Global Ratings | AA- |
| Fitch Ratings | AA- |
With fewer than the expected number of complaints reported to state regulators, Banner Life maintains a positive reputation among customers and industry experts. This level of credibility provides reassurance for individuals considering the Banner Life Insurance Company as their go-to reliable insurance provider.
