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.
Today William Penn’s individual life insurance products are sold in New York only, through independent insurance agencies.
William Penn Insurance Company takes its financial promises seriously. The company also promises to treat its customers fairly and to apply ethical standards to every business transaction; believes in offering low-cost, innovative products and responsive service. The company’s goal is to build lasting, mutually beneficial partnerships for life.