The Penn Mutual Life Insurance company, commonly known as Penn Mutual, is a leading provider of retirement and life insurance products. It was established in Philadelphia, Pennsylvania in 1847 as the eighth mutual life insurance company in the country chartered by the U.S. Department of Commerce. As of September 14th, 2020, it has 3,000 employees, $2.2 trillion in assets, and about $6.5 billion in annual revenue.
There are three main sections of the company, namely, Wealth Management, Portfolio Administration, and Term Life Administration. Each section has its own specific services and products that are designed to meet the needs of various types of customers. The primary product line offered by this company is the Wealth Management and Portfolio Administration. The wealth management products are meant to provide protection for the investments of their customers.
The portfolio administration products are those that provide coverage of business and/or personal loans. These products provide investment protection as well as investment protection. These products cover the investment of money used for business or personal purposes. The Term Life Administration product provides coverage for those who are interested in life annuities. These products also cover the investment of money used for annuity.
The services provided by Penn Mutual are varied and diverse in nature. For example, their customer service department provides information regarding the different product lines, and their benefits. Their customer service is also available to answer any inquiries that may arise with regard to the products that they offer. In addition to the consumer and customer service departments, there is a payroll department that will assist you in filing your tax returns and calculations. This payroll department also includes an auditing department that can be contacted for any assistance you may need.
The Financial Management and Portfolio Administration, as mentioned previously, are the main product line of the company. This product line provides you with investment protection for your retirement and life savings. This product line includes the following products; the Wealth Protection Plan, a Roth IRA accounts that allows you to invest in a variety of financial assets without paying taxes on your distributions, including stocks, bonds, and money market accounts. The Retirement Settlement Insurance Plan, which provide protection to settle your annuities at maturity without paying capital gains tax when you sell the policy, and without waiting until you reach retirement age 65.
Other product lines include: Whole Life Insurance, Variable Annuity Insurance, and Health Maintenance Organization (HMO) policies. Other product lines include; Universal Life and Term Life Insurance.
There are many benefits to consider when choosing different product lines. A universal life and term life policy can provide coverage for an individual for your entire life. It can provide coverage for a limited period of time and can provide coverage after you die. Another product line is called Individual Accident and Health insurance or IHA.
The Whole Life Plan or IHA offers the option of investing money for retirement. This plan is designed to pay monthly contributions to an account and then be automatically withdrawn after retirement. You can choose how much money to invest, as well as how much to withdraw from the account each month depending on how much is put into the plan.
If your employer offers this type of plan, it may be beneficial to consider this option. However, if you do not have coverage through your employer, the IHA plan may be worth looking into. Your income may be able to cover the cost of a high-deductible individual plan if you choose.
The Health Maintenance Organization plan is also another product line for people who do not currently have coverage through an employer. This plan covers you for the expenses of medical care and services associated with being uninsured.
When considering products, it is important to research the company that you are thinking about purchasing products from. There are many companies that are good and there are companies that are scams.