Custom Pension Risk Transfer solutions

Providing PRT solutions since 2015

Legal & General Retirement America Headquarters

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


Banner Life family of companies announces new brand

The organization reveals new branding reflecting its commitment to protecting and securing the financial futures of more people through term life insurance and PRT.

The future of PRT: What plan sponsors should know

Our VP, Head of Distribution, Alex Gagnon, shares insights on how the Pension Risk Transfer market is evolving and what plan sponsors should be paying attention to.

Stay informed with our new Retirement hub for annuitants

Whether you’re just getting started with your annuity or are a returning member, this hub is built to help you stay informed and supported every step of the way.

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.