Frequently Asked Questions
FAQ’s
Pension Risk Transfer is a transaction that allows a defined benefit plan sponsor to mitigate risk and improve benefit security for plan members by transferring all or a portion of the plan to an insurance company. PRT is especially beneficial in helping plan sponsors manage market volatility and changing economic conditions.
PRT transactions enable companies to focus on what they do best – run their business and serve their customers. These transactions help simplify a company’s administrative processes, streamline backend operations and ensure a greater level of oversight and transparency in managing pension obligations.
In Pension Risk Transfer (PRT) transactions, plan sponsors have several options to consider when exploring de-risking solutions. These options include plan terminations, retiree lift-outs, buy-ins and buy-outs, each tailored to meet the specific needs of the plan sponsor and their participants.
Legal & General Retirement America, or LGRA, is the Pension Risk Transfer (PRT) division of Legal & General America. Founded in 2015 and headquartered in Stamford, Connecticut, we have successfully brought Legal & General’s global asset management strength, longevity expertise and track record of effective execution to the US. Want to know more about the types of products we offer? Visit the link below.
Our mission is to use our global strength and flexibility to ensure a financially secure retirement for our participants, a better future for our communities and a positive culture for our people.
Customers can gain access and manage a policy through our online customer support portal by logging in here.
Tax forms are not available on our website. Please contact us at 203-653-8922 if you need a reprint.
To visit the LGRA Knowledge Center, please visit the link below.
We operate Monday through Friday from 8:00am to 6:00pm EST.
For questions about PRT or to discuss your pension de-risking needs, call us at 203-653-8922 or email [email protected].
For media inquiries, please contact Carolyn Gasbarra at Edelman ([email protected]).
For current customers with a Banner Life retirement annuity, please call 800-664-6129 (toll free) or 301-810-4927 (direct) or email us at [email protected]
For current customers with a William Penn retirement annuity, please call 855-914-9123 (toll free) or 301-810-4412 (direct) or email us at [email protected]
- 800-664-6129 Toll Free
- 301-810-4927 Direct
- Fax: 301-810-4889
- Hours: 8:00–6:00 ET, Monday–Friday
- [email protected]
- 855-914-9123 Toll Free
- 301-810-4412 Direct
- Fax: 301-810-4889
- Hours: 8:00–6:00 ET, Monday–Friday
- [email protected]