Custom Pension Risk Transfer Solutions

Providing PRT solutions since 2015

The Banner Life family of companies writes its US institutional retirement business through Banner Life Insurance Company and William Penn Life Insurance Company of New York. The US institutional retirement division is in the business of helping companies mitigate pension risk and ensure the financial future of their annuitants.

Recent updates


Big News:
We’re Certified as a Great Place To Work

We recently earned the Great Place To Work Certification, a recognition based on employee feedback about workplace culture, trust and overall experience.

The wait is over: our Q2 PRT Monitor is now available

US Pension Risk Transfer transaction activity is gaining momentum in the second half of the year after seeing lower premium volumes in H1.

Our commitment to building a world-class customer experience

Our service excellence has recently been recognized through inclusion in USA TODAY’s America’s Best Customer Service in Financial Services 2026.

What do we do?

Banner Life and William Penn are in the Pension Risk Transfer (PRT) industry. We provide solutions for companies looking to de-risk their pension plan and improve benefit security for its members.