William Penn Life Insurance vs Voya Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
William Penn Life Insurance
Founded: 1848
Allentown, Pennsylvania
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
Voya Financial
Founded: 1991
New York, NY
Assets
$458 billion+ AUM
IUL Experience
5+ years
Products
5
Avg Cap Rate
9%
Key Strengths
Offers 5 IUL products
NOTE: Individual sales discontinued 2019-2020; primarily group/workplace only
Orange Pass accelerated underwriting
Detailed Feature Comparison
| Feature | William Penn Life Insurance | Voya Financial |
|---|---|---|
| Founded | 1848 | 1991 |
| Headquarters | Allentown, Pennsylvania | New York, NY |
| Assets Under Management | $746 billion Legal & General consolidated | $458 billion+ AUM |
| Years in IUL Business | 0+ years | 5+ years |
| Number of IUL Products | 0 | 5 |
| Typical Cap Rate Range | N/A - N/A | 8% - 10% |
| Participation Rates | N/A | 110% |
| Minimum Premium | N/A | $5,000 annual |
| Issue Ages | N/A | 0-85 years |
| Underwriting Speed | N/A | Orange Pass: 5 business days |