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Banner Life and William Penn insurance has protected American families and businesses for more than 70 years. Read about LGA. Term insurance for as little as $8 a month. Get a free quote. Our customers love us. You will, too. TrustScore 4.4. 1,409 reviews. Offering financial peace of mind for 70+ years. View products. Latest news.
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A William Penn Association Ordinary Life Plan offers you the greatest amount of insurance protection for the lowest premium. It’s designed to help you meet your financial goals while providing financial security for your loved ones.
We are proud to be one of the world's largest insurance companies. Legal & General America, and our companies Banner Life and William Penn, pay close to $1 billion in claims to over 3,500 families and businesses every year.
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Who are banner life insurance company & William Penn life insurance company?
What types of life insurance does William Penn offer?
- Pros Explained
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- Available Plans
- Available Riders
- Customer Service
- Complaint Index
- Third-Party Ratings
- Cancellation Policy
- Price
- Competition
Variety of term lengths offered: William Penn’s term life insurance policies are available in term lengths of 10, 15, 20, 25, 30, 35, and 40 years, which are more options than most insurers offer.Online quotes for certain policies: You can get an instant term life insurance quote from William Penn by visiting the Legal & General website.Fast claim processing and payouts: William Penn will pay approved life insurance claims within one business day, and in 2020, 99.9% of claims were approved.Great third-party ratings: William Penn has impressive third-party ratings, with few complaints and excellent financial strength.Only available in New York: William Penn exclusively sells life insurance coverage in New York through its parent company Legal & General.No whole life insurance: William Penn doesn’t sell whole life insurance, which may be a downside for some insurance shoppers.Few riders available:The company only has three riders available, which is far fewer than many other insurers offer.William Penn Life Insurance offers two types of life insurance to New York residents through Legal & General. The company is owned by shareholders, and because of that, policyholders don’t have the opportunity to receive annual dividends. Here are the policies available:
Life insurance riders are optional coverages that you can add to your policy for additional protection. William Penn only offers a handful of riders. Some riders are only available for term life insurance policies, while others can only be added to permanent coverage policies.
William Penn Life Insurance has standard customer service options. You can call the company toll-free at (800) 346-4773 or you can call the direct line, which is (516) 794-3700. Business hours are Monday through Friday from 8:00 a.m. to 5:00 p.m. EST. If email is more convenient, you can send your message to customerservice@wpenn.com.
The National Association of Insurance Commissioners (NAIC) gives every licensed insurance company a score based on the number of complaints it has relative to its market share. The database, called the Complaint Index, tracks customer complaints regarding issues around claim payouts, policy cancellations, premiums, and customer service. William Pen...
When comparing life insurance providers, looking at third-party ratings can give you a good sense of a company’s financial stability and customer satisfaction. But because William Penn is a smaller company, it only has a few ratings available. William Penn’s parent company Legal & General has an A+ rating from AM Best, which indicates superior fina...
Most life insurance companies will allow you to cancel your policy at any time. If you have term life coverage, you can formally cancel by contacting an agent, or you can simply stop paying the premium. Your coverage will end after the last payment. Because term life insurance doesn’t build cash value, you won’t receive any money back from the insu...
The cost of life insurance is different for everyone. It depends on a variety of factors, including your age, your overall health, whether you smoke, the type of policy you buy, and the amount of coverage you want. Overall, life insurance from William Penn is pretty affordable. Here are some of the sample quotes for term life insurance that William...
William Penn is a great life insurance company in many ways, but it does have some drawbacks. Mainly, the company only offers a few types of coverage, fairly average riders, and hardly any online tools or resources. Plus, it has a limited geographical footprint, with policies written only in New York. As a better alternative, we suggest looking int...
- Elizabeth Rivelli
May 19, 2020 · We are licensed in the following states: CA, CT, DE, DC, FL, IL, IN, KY, MD, MA, MI, MO, NE, NJ, NY, NC, OH, PA, VA, WV, and WI. The William Penn Association is a Fraternal Benefit Society founded over 130 years ago. Our Association operates on a non-profit basis, providing Life Insurance and Annuities to our members.
Call Now 1-855-241-3666. Get a Free Quote. Location. Valley Stream, NY. Established. 1963. NAIC. #66230. Agent Reviewed. by. Jon Reinemann. | last reviewed February 2024. William Penn Life Insurance Company of New York with SelectQuote.
