William Penn Life Insurance vs Banner Life

Comprehensive side-by-side comparison of indexed universal life insurance companies

Updated 2025
Independent Analysis
Professional Ratings

William Penn Life Insurance

Founded: 1848

Allentown, Pennsylvania

Financial Strength Ratings

AM Best A+
Assets
$746 billion Legal & General consolidated
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A

Key Strengths

Does NOT offer IUL
Term and traditional UL only
Visit William Penn Life Insurance Website →

Banner Life

Founded: 1949

Frederick, Maryland

Financial Strength Ratings

AM Best A+
Assets
$30 billion
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A

Key Strengths

Does NOT offer IUL
Specializes in competitive term life
Visit Banner Life Website →

Detailed Feature Comparison

Feature William Penn Life Insurance Banner Life
Founded 1848 1949
Headquarters Allentown, Pennsylvania Frederick, Maryland
Assets Under Management $746 billion Legal & General consolidated $30 billion
Years in IUL Business 0+ years 0+ years
Number of IUL Products 0 0
Typical Cap Rate Range N/A - N/A N/A - N/A
Participation Rates N/A N/A
Minimum Premium N/A N/A
Issue Ages N/A N/A
Underwriting Speed N/A N/A

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Mutual Trust Life Insurance

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Similar Companies

COUNTRY Financial

AM Best: A+

$12 billion AUM

Compare →

William Penn Life Insurance

AM Best: A+

$746 billion Legal & General consolidated AUM

Compare →

Principal Financial Group

AM Best: A+

$629 billion+ AUM AUM

Compare →

Mutual Trust Life Insurance

AM Best: A+

$3 billion (Pan-American) AUM

Compare →