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William Penn Life

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The history of William Penn Life Insurance Company of New York is more than 40 years strong. Licensed in 1962, Legal & General Group as a wholly owned subsidiary of Banner Life Insurance Company acquired them in 1989. Today they are one of the Legal & General America companies. Since that time, management for both companies has been consolidated at the senior level. Banner Life's national presence, William Penn's four decades of brokerage experience and the operational synergy between both companies is a strong combination. Today William Penn's individual life insurance products are sold in New York only, through independent insurance agencies.

At William Penn, they take their financial promises seriously. They also promise to treat their customers fairly and to apply moral standards to every business transaction. They believe in offering low cost, innovative products and responsive service. Their goal is to build lasting, mutually beneficial partnerships for life.

While they are proud to be a member of the Legal & General Group, they take an even greater pride in their financial and management independence. Their ratings indicate that William Penn honors its commitments to policy owners based on its own, independent financial strength. William Penn has a superior rating from A.M. Best for financial strength and operating performance, the highest of Best's 10 rating categories and also a superior rating from Standard and Poor's for financial strength.

Honesty, integrity and stability have been more than just a motto for them. It has become the only manner in which they will conduct business. By providing exceptional service to their insured’s and agents, they assist in times of need and create relationships that last for a lifetime. They encourage you to explore this site and to discover all that the firm has to offer. When you do, you'll begin to understand how they provide stability, security and peace of mind to so many.

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