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


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.

The wait is over: our Q1 PRT Monitor is now available

With first quarter activity projected to reach approximately $4 billion, our PRT Monitor is now available to help you stay ahead of market trends.

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.

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.