William Penn Life Insurance

William Penn Life Insurance Company of New York is a leading provider of life insurance, annuities, and disability income insurance products in the state of New York. Founded in 1963, the company has built a reputation for providing high-quality, affordable insurance products that meet the needs of individuals and families throughout the state.

History

William Penn Life Insurance Company was founded in 1963 in New York City. The company was named after William Penn, the founder of Pennsylvania, who was known for his commitment to social and economic justice. The company’s mission was to provide affordable life insurance products to individuals and families throughout the state of New York.

Over the years, William Penn Life Insurance Company has grown to become one of the leading providers of life insurance, annuities, and disability income insurance products in the state of New York. The company is known for its commitment to providing high-quality, affordable insurance products that meet the needs of its customers.

Products

William Penn Life Insurance Company offers a range of life insurance products to meet the needs of individuals and families throughout the state of New York. These products include:

In addition to life insurance, William Penn Life Insurance Company also offers annuities and disability income insurance products to meet the needs of its customers.

FAQ

What is life insurance?

Life insurance is a contract between an insurance policyholder and an insurer, where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The policyholder pays premiums in exchange for the death benefit.

What is term life insurance?

Term life insurance provides affordable protection for a specific period of time, such as 10, 20, or 30 years. If the insured dies during the term of the policy, the death benefit is paid to the named beneficiaries. If the insured outlives the term of the policy, the coverage ends.

What is whole life insurance?

Whole life insurance provides permanent protection with a guaranteed cash value. The policyholder pays premiums for the life of the policy, and the death benefit is paid to the named beneficiaries upon the death of the insured. The policy also accumulates cash value over time, which the policyholder can borrow against or use to pay premiums.

What is universal life insurance?

Universal life insurance provides flexibility and the potential for cash value growth. The policyholder can adjust the premium and death benefit amounts as their needs change over time. The policy also accumulates cash value, which the policyholder can borrow against or use to pay premiums.

What is an annuity?

An annuity is a contract between an individual and an insurance company, where the individual makes a lump sum or periodic payment to the insurance company in exchange for a guaranteed stream of income for a specific period of time or for the rest of their life.

What is disability income insurance?

Disability income insurance provides income replacement in the event that the insured is unable to work due to sickness or injury. The policyholder pays premiums, and if they become disabled, the policy pays a monthly benefit to help replace lost income.

Overall, William Penn Life Insurance Company is committed to providing high-quality, affordable insurance products that meet the needs of its customers. Whether you’re looking for life insurance, annuities, or disability income insurance, William Penn Life Insurance Company has a product that can help you protect your financial future.