William Penn Life Insurance
Company of New York
www.lgamerica.com
- Rated A+ (Superior) by
A.M. Best*
- William Penn is a
wholly-owned subsidiary of
Banner Life Insurance
Company
- Established in 1962
- Headquartered in Garden
City, NY
- Nearly $1 billion in
assets
Company Information
William Penn Life Insurance
Company of New York
Garden City, NY | NAIC #66230
The company incorporated in 1962
under the name Modern Life
Insurance Company. In 1968, the
name was changed to ITT Life
Insurance Company of New York,
and in 1972 to Penn Life
Insurance Company of New York.
The name was changed to the
William Penn Life Insurance
Company in 1975. In 1989, the
company was acquired by Legal &
General Group, Plc. The company
conducts operations and its
products are available in the
state of NY only.
Legal & General America, Inc.
Rockville, MD
William Penn Life Insurance
Company of New York and Banner
Life Insurance Company make up
the Legal & General companies.
They are wholly-owned
subsidiaries of Legal & General
Group Plc, a world-wide
insurance organization
headquartered in London. Legal &
General Group Plc has had a long
history of successful insurance
operations since it commenced
business over 150 years ago. Its
assets have consistently ranked
it among the world's largest
life insurance companies.
Legal & General America has no
financial responsibility for the
products issued by William Penn
Life Insurance Company of New
York.
*Independent Ratings
A.M. Best Company and Standard &
Poor's:
http://www.lgamerica.com/id00002.htm
William Penn Life Insurance
Company is a certified member of
the Insurance Marketplace
Standards Association (IMSA).
Membership promotes ethical
market conduct for individual
life insurance and annuities.
Assets
William Penn Life Insurance
Company had total assets as of
12/31/07 of approximately $976
million. |
