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William Penn Life Review

William Penn Life Company Overview

Customer Rating:
Rating: 1.011 Reviews William Penn Life has received an average of 1.0 stars out of 5 based on 11 user reviews.

Company History:
William Penn Life Insurance Company was founded in 1963 in New York. The company was acquired as a subsidiary by ITT Hamilton Life Insurance Company in 1967, then again by Maiden Lane Life Insurance Company (subsidiary of Continental Corp) in 1983. Continental Corp gained full ownership 2 years later, only to be purchased by Banner Life Insurance Company (subsidiary of Legal & General Group PLC) in 1989. Now William Penn has an investment portfolio that consists of 92% investment grade assets, including 18%..Read More

Lines of Insurance:
Life

States licensed to sell insurance in:
NY

William Penn Life Satisfaction Survey

Overall, how satisfied are you, with William Penn Life?



  1. Please select your insurance company from the following list:

  2. What insurance policy/policies do you have with this company?
    (select all that apply)
    Auto   Home   Health   Life   Other

  3. How long have you had a policy with this company?
    Less Than 1 Month
    1 to 6 Months
    6 Months to 1 Year
    1 to 3 Years
    Over 3 Years

  4. Overall, how satisfied are you, with your insurance company?
    Extremely Satisfied
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    Unsatisfied
    Very Unsatisfied

  5. How likely are you to renew your insurance policy/policies with this insurance company?
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    Might or Might Not
    Probably Not
    Definitely Not

  6. Would you recommend this insurance company to your friends and family?
    Definitely
    Probably
    Might or Might Not
    Probably Not
    Definitely Not

  7. Have you ever had occasion to file a claim with your company?
    YES   NO

  8. Please provide any comments about your insurance company that would be useful to other consumers.

                 


Contact Information for William Penn Life

Company Contact Info:
CEO   James Atkins
100 Quentin Roosevelt Blvd
Garden City, NY 11530
516-794-3700

William Penn Life Reviews and Customer Comments

"Was looking for a policy in between jobs and this company made it so hard to even apply for life insurance I just gave up and went with another company that wanted my money. I am a senior executive and work with private equity so there are times in between jobs where I don't have coverage while in a position - too bad this company was too foolish to understand that..."
Commented on 2016-06-13 10:19:42 EST
"We took out this policy when my husband turned 75 as they were forcing him to convert his term then and not at the end of the term 5 years down the road. The premiums were $1500 a quarter. Now, 10 years later and now he's 85 years old, they are doubling the premium rates with no good explanation. Sounds like age discrimination to me. No wonder life insurance companies rarely pay out a policy when someone dies, as they do this so you lose the policies."
Commented on 2016-02-12 11:28:35 EST
"I was late on a quarterly payment, they terminated my policy, made me apply for reinstatement, then rejected me because I had gained 10 pounds since I got the policy 8 years ago. They told me I had to go back to an agent and apply for a new policy that would cost me more. Total scam."
Commented on 2015-11-20 13:58:44 EST
"Thieves. if you find out, to your ultimate misfortune, that your policy was misrepresented to you, they will fall back on the fact that they sell through "independent" brokers and agents and are, therefore, not responsible for how they explained the policy to you. Too bad for you and all the $$ you are now going to lose. If your independent agent is gone, you are stuck with the non-answers from their customer service department. Government-sanctioned consumer fraud to the MAX."
Commented on 2015-02-17 20:27:58 EST
"Stay away from universal life. Government-sanctioned consumer FRAUD."
Commented on 2014-04-05 15:11:31 EST
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