William Penn Life Insurance Company

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William Penn Agent Contracting

Summarized View:

William Pen Life Insurance Company was founded in 1963 and was initially named Modern Life Insurance Company. The company was later acquired by a subsidiary of Penncorp Financial in 1987. The company’s underwent several changes until it was named William Pen Life Insurance Company of New York in 1975. The company was later acquired by Legal & General Group Plc and is today a wholly owned subsidiary of Banner Life Insurance Company.

At the end of 2013, the company has over $1.1 billion in assets and has also generated $87 billion worth of life insurance in force. The company’s portfolio includes 92 per cent investment grade assets and also includes 18 per cent of US government holdings. It should be noted that the company operates only in New York. 

Agent Benefits Include:

  • Excellent agent commissions
  • Fixed income and index annuity innovators
  • Accident and health insurance living benefit innovators
  • Custom term life coverage with choice of RoP

Client Benefits Include:*

  • Services based around customer requirements
  • Outstanding, responsive customer service
  • Flexible underwriting
  • Committed to their promises
  • Products for all ages
  • More value placed in people

Product Overview:

Detailed Product Overview
Even with the economic downturn during the new millennium, William Penn Life Insurance Company has been doing brisk sales. The company sells affordable life insurance products to millions of Americans. William Penn offers comprehensive term life and universal life insurance products that provide customers with a lot of benefits and flexibility. Term life products offered by the company include OPTerm 10, OP Term 15, OP Term 20, OP Term30, Life Value Term 20 and Life Value Term 30.

With no exposure to collateralized loan obligations, credit default swaps, collateralized debt obligations, equity investment or owned real estate, William Penn is economically well positioned to sustain its continued financial rise.

The company is also recognized by all top ratings providers, including a Standard and Poor's rating of AA-.


* The information provided is intended for licensed insurance agents only. It is not intended for the purpose of advertising the insurance products to the general public.

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