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Location
Valley Stream, NY
Established
1963
NAIC
#66230
William Penn Life Insurance Company of New York with SelectQuote
William Penn Life Insurance Company of New York is a Legal & General America company, acquired by the Legal & General Group in 1989. Together with Banner Life Insurance Company, William Penn sells life insurance under the Legal & General America brand name. For over 70 years, William Penn Life Insurance Company of New York has provided financial protection for millions of policyholders in the state of New York. William Penn has a strong reputation due to its exceptional financial strength and efficient claims handling process. SelectQuote partners with several trusted life insurance companies like William Penn Life and can compare policies to find the insurance protection that’s right for you.
William Penn Life Insurance Ratings
William Penn has received high ratings from the A.M. Best rating system. We partner with life insurance companies like William Penn so you can feel confident shopping for life insurance policies with SelectQuote.
A.M. Best
A+
(Superior)
Scores updated September 2024
William Penn vs. The Industry Average
The average cost of a life insurance policy depends on a variety of factors, including your age, gender, location, health, lifestyle, and the type of policy you purchase. William Penn Life Insurance Company offers competitive rates for term and life insurance policies with conversions available. Consider Legal & General America vs. the industry average monthly rate for a 20-year, $500,000 term life insurance policy.
| Age and Gender | Industry Average Monthly Rate | Legal & General Life Insurance Monthly Rate |
|---|---|---|
| 35-year old female | $25.58 | $23.04 |
| 35-year old male | $30.34 | $26.80 |
Rates pulled April 2024
Life Insurance Products William Penn Offers Through SelectQuote
William Penn Life Insurance Company of New York offers term life insurance through SelectQuote:
- Term Life Insurance: Term life insurance is popular due to its affordability and flexibility, as you only buy as much as you need. Known as OPTerm, William Penn’s term life insurance product available through SelectQuote offers affordable coverage options for people ages 20 through 75. Customers can choose from a variety of term lengths all the way up to a 40-year term, which is a broader term length range than typically available through other competitors. OPTerm policies also offer convertible coverage, so you can choose to convert your term policy to a universal life insurance policy within the same underwriting class as your coverage needs change. [JB1] [JK2] [MH3] Policyowners can also upgrade their policy to a longer duration if they purchased within the past 48 months under the Term-2-Term exchange program.
Who is William Penn best for?
With a broad range of riders and policy customization options available, William Penn is a great choice for New York policyholders with specific or unique coverage needs. William Penn’s term policies come with a terminal illness accelerated benefit rider at no additional cost, making them a sensible option for those with a higher risk of serious illness. No matter your situation, SelectQuote can help you find a William Penn life insurance policy that’s right for your needs and budget.
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 six to 12 weeks for the underwriting process to complete and the policy to go into effect.
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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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.
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