Speak to a Licensed Sales Agent

Location
Valley Stream, NY

Established
1963

NAIC
#66230

Agent Reviewed by Jon Reinemann last reviewed March 2022

William Penn Life Insurance Company of New York with SelectQuote

For over 70 years, William Penn Life Insurance Company of New York has been in the business of providing financial protection for millions of policyholders in the U.S. from coast to coast. William Penn Life Insurance Company of New York is one of the subsidiaries under The Legal & General America companies, alongside Banner Life Insurance Company.

Banner was founded as GELICO in 1949 and has been part of Legal & General Group Plc since 1981; William Penn joined the family in 1989. While Banner and William Penn remain the companies that underwrite and issue policies, they go to market under a single name, Legal & General America. William Penn Life Insurance Company solely operates in the state of New York.

SelectQuote partners with several trusted life insurance companies like William Penn Life Insurance Company of New York and can compare policies to find the insurance protection that’s right for you.

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William Penn Life Insurance Ratings

William Penn has received high ratings from A.M. Best, Better Business Bureau and Standard & Poor’s rating systems. We partner with life insurance companies like William Penn so you can feel confident shopping life insurance policies with SelectQuote.

A+

(Superior)

A+

AA-

*Scores updated March 2022

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Life Insurance Products William Penn Offers Through SelectQuote

William Penn Life Insurance Company of New York offers two basic types of life insurance policies through SelectQuote:

Term life insurance: This type of life insurance policy means you get the option to choose the “term” or length of your policy. Term length policy options typically are 10, 15, 20, 25, or 30 years.

Permanent life insurance: This type of life insurance means you’re permanently covered no matter how long you live and your coverage doesn’t expire as long as premiums are paid. Permanent life insurance is designed to last for your entire life.

At SelectQuote, we’ll get to know your situation and shop life insurance policies from highly-rated life insurance companies like William Penn insurance to find the policy that’s right for you.*

FAQs About William Penn Life Insurance Company

Who owns William Penn Life Insurance?

William Penn Life Insurance Company of New York delivers life insurance products under Legal & General America.

Can I get a free life insurance quote from William Penn?

SelectQuote partners with William Penn to provide free life insurance quotes to consumers. By filling out our online quote form, you can receive a free life insurance quote from some of the highly-rated life insurance carriers SelectQuote partners with.*

How long does the William Penn life insurance application process take?

The life insurance application process can look different depending on the type of policy you’re interested in purchasing. In some cases, it can take up to eight weeks to hear back.

Why shop William Penn Life Insurance with SelectQuote?

At SelectQuote, we’ll help you save time and money when shopping for life insurance coverage. We compare life insurance rates from some of the most trusted life insurance companies in the nation so you can feel confident securing a policy through us. SelectQuote gives you the power of choice and the opportunity to pick the policy that’s right for you and your budget.

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We do the shopping. You do the saving.

Explore Other Life Insurance Companies with SelectQuote

SelectQuote works with several highly-rated carriers and can help you shop and compare life insurance rates.* Learn more about the different carriers SelectQuote partners with to help save you time and money.

Privacy Policy | Legal Accessibility

SelectQuote does not sell Life Insurance in South Dakota.

SelectQuote Insurance Services has no control over rate information posted in the reviews above through Trustpilot. Your plan could vary depending on your age, health, issuing company and other factors. Not available in all states.

*Best's Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™ and Best’s Credit Reports (which include Best’s Credit Ratings™), visit the A.M. Best website at ambest.com. See Guide to Best’s Credit Ratings™ for explanation of use and charges.” “Best's Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of SelectQuote or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best's Credit Ratings™. Best’s Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.” A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best's Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/home/ratings.aspx

* All policies are Protective Classic Choice Term 10. Policy is a level death benefit term life insurance policy to age 90, policy form number ICC16 TL-21/ TL-21, and state variations thereof, issued by Protective Life Insurance Company in all states except New York where it is issued by Protective Life and and Annuity Insurance Company policy form number TL-21-NY 4-16. Both companies located in Birmingham, AL. Policy form number and features may vary by state. Consult the policy for benefits, riders, limitations, and exclusions. Subject to underwriting. Up to a two year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana unisex rates apply. Premiums increase annually after the initial guaranteed premium period. All payments and guarantees are subject to the claims paying ability of the issuing company.

AIG Companies policies issued by American General Life Insurance Company (AGL), Houston, TX. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG).

**https://www.who.int/gho/women_and_health/mortality/situation_trends_life_expectancy/en/

*Savings are estimated by comparing the highest and lowest prices of policies available through SelectQuote in April 2021 for a $500,000, 10-year policy for a 40-year-old male in excellent health with high blood pressure in KS. The highest rate was $43.31/mo and lowest rate was $18.37/mo. Exact savings for your situation can be determined by finalizing an application with a member of the SelectQuote team. Final rates will be based on the insurance company’s underwriting and a more complete review of the consumer’s health. Savings may also vary by term, policy amount, and state.

**Example rate is lowest available rate from SelectQuote carriers for a 40-year-old male in excellent health for a $500,000 10-year policy at $17.85/mo ($209.99/yr) in December 2021. Final rates will be based on the insurance company’s underwriting and a more complete review of the consumer’s health. Savings may also vary by term, policy amount, and state.

***Best’s Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™ and Best’s Credit Reports (which include Best’s Credit Ratings™), visit the A.M. Best website at ambest.com. See Guide to Best’s Credit Ratings™ for explanation of use and charges.” “Best’s Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of SelectQuote or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Credit Ratings™. Best’s Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.” A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best’s Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/home/ratings.aspx