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| WILLIAM PENN TERM LIFE INSURANCE COMPANY |
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As a wholly owned subsidiary of Banner Life, William Penn Life Insurance Company markets products via independent agencies in the state of New York. This company has more than 40 years of strong experience and history. The William Penn life insurance company was founded on 1962 on twin founding principles, innovation and service, and now boasts more than $50 billion of life insurance in-force. For generations, dedication to these ideals has fostered enduring, committed relationships between William Penn Life and its clientele. Today, the William Penn customer can rest assured that they receive superior products and incomparable service at the most competitive of prices. Legal & General group as a wholly owned subsidiary of Banner Life Insurance Company acquired the company in 1989.
Since that time, management for both companies has been consolidated at the senior level. Banner Life's national presence, William Penn's four decades of brokerage experience and the operational synergy between both companies is a strong combination. Today William Penn's individual life insurance products are sold in New York only, through independent insurance agencies. William Penn boasts a full suite of products marketed through a network of independent brokerages. In addition, the company’s investment portfolio is composed of 100% investment-grade holdings, 21% of which are U.S. government holdings. At William Penn financial promises are taken seriously. The company also promise to treat customers fairly and to apply ethical standards to every business transaction and also believe in offering low-cost, innovative products and responsive service.
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