William Penn Life

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Aug 20, 2020

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Company Details
Address: 100 Quentin Roosevelt Blvd
City: Garden City
State: NY
ZIP Code: 11530
Phone Number: 516-794-3700
AM Best Rating: A+
URL where was collected the AM Best Rating: http://www.ambest.com/ratings/
Lines of Insurance: life
States Licensed To Sell Insurance In: NY
Type of Insurance Company: Stock
Parent Company: Banner Life Insurance Company
Top executive Contact: James Atkins
Title of Top executive: CEO
Ticker Symbol: LON: LGEN (Parent)
Assets & Premiums: $87 billion of life insurance in force$1.1 billion in assetsAssets equal to 121% of liabilitiesCapital and surplus of $196 million
Company Rating 1.18 (11 reviews)

Company Overview:


Company History: William Penn Life Insurance Company was founded in 1963 in New York. The company was acquired as a subsidiary by ITT Hamilton Life Insurance Company in 1967, then again by Maiden Lane Life Insurance Company (subsidiary of Continental Corp) in 1983. Continental Corp gained full ownership 2 years later, only to be purchased by Banner Life Insurance Company (subsidiary of Legal & General Group PLC) in 1989. Now William Penn has an investment portfolio that consists of 92% investment grade assets, including 18% U.S. government and U.S. agency holdings; commercial Mortgage Backed Securities holdings, of which 83% rated A or above with 76% rated AAA; and Asset Backed Securities holdings, of which 93% are rated A or higher. The company employees 300 people.
Principle Sales Methods: Independent agents and brokers who work in New York

Life Annuity Business: Company offers Universal and Term Life.

11 Comments

  1. Anonymous October 31, 2008
  2. Anonymous February 7, 2010
  3. Anonymous January 8, 2011
  4. Anonymous February 22, 2012
  5. Anonymous September 22, 2012
  6. Anonymous April 5, 2014
  7. Anonymous February 17, 2015
  8. Anonymous November 20, 2015
  9. Anonymous February 12, 2016
  10. Anonymous June 13, 2016
  11. Anonymous October 23, 2019

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