William Penn Life Insurance Company

William Penn Life Insurance Company
100 Quentin Roosevelt Boulevard
Garden City, New York 11530
800-346-4773
516-794-3700

You never know what your future holds. What you can count on is the performance and strength of your insurance company, which is what William Penn Life Insurance Company stands for. This they were able to achieve in nearly 50 years of experience and business venture. The aim of the William Penn is to help people plan ahead and be prepared for their future because life is undeniably unpredictable. Financial security is important; most especially in today’s economy. William Penn can help you make your financial security a reality by presenting you a range of products of life insurances for your family in New York. They believe in offering low-cost, innovative products and responsive service to all their customers. They also provide protection to all families, especially those in need; regardless of time length. William Penn consider themselves to be a company that cares about families defined by your own special circumstance.

Committed to be there for clients who need them the most, the company markets their products through independent agents and brokers. And because they are independent, William Penn states that you can trust your agents most especially when they recommend William Penn over other insurance companies because they have certainly done their research and comparisons. The company ensures that agents and brokers adhere to fairness and ethical standards in every business transaction and pride themselves as “Your Company For Life”. They maintain to be fiscally responsible and committed to their business practices.

The company was originally established in 1963 with the name Modern Life Insurance Company of New York. This name has undergone several changes over the years of their business venture as they grew and changed it again in 1975 and settled on their name today, William Penn Life Insurance Company of New York. The Legal & General Group, Plc – an Insurance organization headquartered in London that operates globally – acquired the company in 1989. William Penn today is currently a subsidiary of Banner Life Insurance Company and together they constitute the Legal & General America Company. The management of both William Penn and Banner Life is consolidated at a senior level. Where Banner Life Insurance Company is licensed to operate in every state of the District of Columbia except New York, William Penn Life Insurance Company only conducts business in New York.

The Legal & General Group alone has a long history of success and their assets have consistently ranked among the world’s largest Life Insurance companies. Independently, William Penn is also very much as financially strong and has garnered ratings of “Superior” from AM Best for financial strength and operating performance and “Strong” by Standard & Poor’s for financial strength. These ratings indicate that the company remains well positioned to weather the economic storm and still continue to operate in a financially responsible manner. The company’s investment portfolio for the year-end of 2009 shows that William Penn Life Insurance Company had over $66 billion of life insurance in force, approximately $989 million in assets, no real estate or commercial mortgages, and an investment portfolio that consisted 99% investment grade assets, including 5% U.S. government and U.S. government agency holdings.

Interested clients can browse the company’s website to get a more detailed overview of the company’s history, financial standing, and the products that they sell are available. Other helpful features available at the company’s website is a calculator to estimate your needs, an option to find an available agent to discuss a possible purchase, and an option to get a Quote for an insurance policy product that they sell.