Meet Banner Life Insurance Company
Legal & General America is financially strong, fiscally responsible and committed to the business practices that will allow us to keep our promises to you. Keeping life insurance affordable, protecting your retirement, and providing high quality, efficient customer service are just the fundamentals for us.
Our Story By the Numbers.
Over 90% Investment Grade Portfolio
The Legal & General America operating companies are among the most financially sound life insurers. Our investment portfolio is conservatively positioned and prudently managed. It's highly liquid and well diversified with over 90% investment grade corporate bonds and very highly rated structured securities.1
1,200,000 U.S. Customers
That's the number of policy owners counting on us to help provide financial security for the people they have so carefully chosen to protect.1
New Coverage Ranks Us in the Top Ten
LGA is a top 10 provider of term life insurance in the US, issuing more than $48 billion in new coverage in 2016. We also issued approximately $450 million in new annuity contracts in 2016 to over 6,700 annuitants.2
$678 Billion of Coverage In Force
Legal & General America is growing; our life insurance in force is $658 billion big.1
Nearly $4 Billion in Assets
Another testament to our financial strength, the Legal & General America operating companies had nearly $4 billion in assets at year-end 2016.3
Capitalization is More Than Double the Industry Average
The capitalization level of a company is particularly meaningful because it measures a company's solvency. It assesses the level of a company's assets available to pay future liabilities; such as current and future policyholder benefits. On this basis, we are particularly strong. The Pure Capital Ratio measures the cushion a company has against a decline in the value of its assets. Our Pure Capital Ratio was 27%, more than double the industry average of 11.8%.4
2016 Financial Strength Ratings
A+ (Superior) from A.M. Best
AA- (Very Strong) from S&P
AA- (Very Strong) from Fitch
94 COMDEX score
|
For more information download
"Banner's Financial Strength Brochure" |
| ||