I’m pleased to share that Meiji Yasuda Group has completed the acquisition of Banner Life Insurance Company and William Penn Life Insurance Company of New York from Legal & General Group plc, effective today, February 2, 2026.

The transaction close marks an exciting new chapter for Banner Life and William Penn. Now backed by Meiji Yasuda, our firm is well positioned to further enhance the term life insurance experience for you and your clients, as we continue our close partnership with you on our shared mission of closing the US life insurance gap by protecting more people and families. 

We continue to operate business as usual. Our entire senior leadership team remains on board and continues to lead our business. There’s no change to our people, platform, products or service – just a vigorous commitment to better for all we serve.

You can read the full terms of the transaction close here.

If you have any questions, please don’t hesitate to reach out to your distribution representative.

We have an exciting 2026 ahead of us with planned Horizon enhancements, new product launches and more lined up, as we strive to make the life insurance buying experience easier and faster for you and your clients. Thank you for your continued trust and partnership throughout this transition.

We are here for you, here for good, and together, here for better.

Regards,

Mark Holweger,

CEO and President