William Penn Life Insurance Company of New York is more
than 45 years old.
Insurance Brokerage America contracts through William Penn which allows the brokerage agent to receive the benefits of being a General Agent producer without having the production requirements of a General Agent!
William Penn believes in partnerships for life.
No matter how
careful you are, or how much you think ahead, life is often
unpredictable. That's what life insurance is for, planning for what
you can't predict. What you can count on is the performance and
strength of your insurance company. We make it our business to
prepare for the unexpected so that you can get the most out of life.
The history of
William Penn Life Insurance Company of New York is more than 45
years strong. Chartered in 1962, we were acquired by
Legal & General Group Plc
as a wholly owned subsidiary of
Banner Life Insurance Company in 1989. Today we're
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.
Penn's individual life insurance products are sold in New York only,
through independent insurance agencies.
At William Penn, we take
our financial promises seriously. We also promise to
treat our customers fairly and to apply ethical standards to every
business transaction. We believe in offering low-cost, innovative
products and responsive service. Our goal is to build lasting,
mutually beneficial partnerships for life.
year-end 2008, on a statutory basis, William Penn
billion of life insurance in force
Approximately $965 million in assets
investment portfolio that consisted of 99% investment grade
assets, including 7% U.S. government and U.S. government agency
estate or direct commercial mortgages
surplus of $96 million
equal to 111% of liabilities
While we are proud to be a member of the Legal & General Group Plc,
we take an even greater pride in our financial and management
independence. Our ratings indicate that William Penn can and will
honor its commitments to policy owners...based on its own,
independent financial strength.