William Penn Life Insurance
William Penn Life Insurance is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
William Penn Life Insurance, officially the William Penn Life Insurance Company of New York, has a history of nearly 50 years providing life insurance. Life insurance is a valuable tool for providing family security, and William Penn offers many options to its policy owners, backed by the safety of a company with a strong history of high ratings by outside ratings companies.
William Penn Life Insurance Company was incorporated in 1962 with the name Modern Life Insurance Company, and changed to its current name in 1975. In 1989, Legal and General Life Insurance Company of America became the owner of the company. William Penn then merged with Banner Life Insurance Company in 1991, transferring ownership from L & G to Banner Life, further strengthening its holdings and corporate strength.
There are different types of life insurance offered by William Penn; Universal, Whole Life, and Term Life Insurance. Universal and Whole Life Insurance are considered "Investment" insurance, where your payments are invested with a plan to earn a profit on behalf of your investment. Universal insurance is based on a cash value, once your premium payments have been met, the payments you make beyond that are given a cash value. Whole life insurance insures the policy owner for his or her whole life, and likewise payments continue to be made for the policy owner's whole life, typically on an annual basis. Term life insurance, on the other hand, is considered a "protective" insurance. William Penn term life insurance covers the policy owner for a specific term, or set amount of years. The premiums are pre-determined, and paid for a certain amount of years, providing protection for the insured person, in the event of death.
In 2010, William Penn Insurance has been highly rated by a number of third-party insurance rating agencies. As of May 3, 2010, A.M. Best gives an A+ rating, the highest possible. As of February 9, 2010, Standard and Poor gave a rating of A+. Both agencies rate the company's financial future as stable.
The decision to purchase life insurance is the decision to provide a sense of security, for the potential financial catastrophe that can result from a death. Making the decision between which types of life insurance policy to choose, is a personal one. William Penn term life insurance is what is sometimes referred to as "real" life insurance. It is the most straightforward type of insurance, as the terms are all specific and predetermined.
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William Penn Life Insurance is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
William Penn Life Insurance, officially the William Penn Life Insurance Company of New York, has a history of nearly 50 years providing life insurance. Life insurance is a valuable tool for providing family security, and William Penn offers many options to its policy owners, backed by the safety of a company with a strong history of high ratings by outside ratings companies.
William Penn Life Insurance Company was incorporated in 1962 with the name Modern Life Insurance Company, and changed to its current name in 1975. In 1989, Legal and General Life Insurance Company of America became the owner of the company. William Penn then merged with Banner Life Insurance Company in 1991, transferring ownership from L & G to Banner Life, further strengthening its holdings and corporate strength.
There are different types of life insurance offered by William Penn; Universal, Whole Life, and Term Life Insurance. Universal and Whole Life Insurance are considered "Investment" insurance, where your payments are invested with a plan to earn a profit on behalf of your investment. Universal insurance is based on a cash value, once your premium payments have been met, the payments you make beyond that are given a cash value. Whole life insurance insures the policy owner for his or her whole life, and likewise payments continue to be made for the policy owner's whole life, typically on an annual basis. Term life insurance, on the other hand, is considered a "protective" insurance. William Penn term life insurance covers the policy owner for a specific term, or set amount of years. The premiums are pre-determined, and paid for a certain amount of years, providing protection for the insured person, in the event of death.
In 2010, William Penn Insurance has been highly rated by a number of third-party insurance rating agencies. As of May 3, 2010, A.M. Best gives an A+ rating, the highest possible. As of February 9, 2010, Standard and Poor gave a rating of A+. Both agencies rate the company's financial future as stable.
The decision to purchase life insurance is the decision to provide a sense of security, for the potential financial catastrophe that can result from a death. Making the decision between which types of life insurance policy to choose, is a personal one. William Penn term life insurance is what is sometimes referred to as "real" life insurance. It is the most straightforward type of insurance, as the terms are all specific and predetermined.
