The Penn Mutual life insurance company, otherwise known as Penn Mutual Life Insurance Company was established in Philadelphia, Pennsylvania in 1847. It was the third major financial life insurance company in the US chartered by Congress.
As of June 2020, it has 3,711 employees, approximately $2.2 billion in sales, and over $2 billion in assets under management. Its main areas of focus are health, life, universal, commercial, and investment products.
There are three major goals of the company. It is to make itself attractive to the general public, generate a substantial amount of cash flow, and remain competitive with other insurance companies. Each of these three goals is important to the success of the company. To achieve all three goals, the company must provide an adequate amount of product offerings to its customers.
Life insurance is one of the most popular products in the company’s product range. The products it offers are generally less expensive than many other life insurance products. The company offers life coverage through its own life coverage plans. It also offers life coverage through an affiliated group life coverage plan.
The other product line it offers is called universal and it is designed for individuals with no savings or other investments. This product line is similar to term life coverage and most people who purchase it do so because they are looking for low cost coverage without sacrificing other important aspects of their lives.
Another major focus of the company’s product line is life insurance for retirement. They offer life coverage through a number of policies that provide a guaranteed investment return rate. This means that if you have this type of coverage at any point in your life, the investment returns that the insurance company receives will be used as a way to pay your premiums, leaving you with a higher return than if you were not protected with the policy.
The company’s major financial goal is to remain competitive in all areas of life insurance that it offers. This is particularly important to the companies that provide life insurance for retirement.
There is also a life coverage plan called the Universal Life policy which can be purchased separately and has many of the same features and benefits of other life insurance products. This product does not have the investment component of other types of life policies. There is also a company specific investment option that will protect the investment portion of your policy.
The Penn Mutual Life Insurance Company is based in Connecticut. It was established in 1882 and was named after the founder’s grandfather. Since that time, it has grown into a large, financially viable company with several subsidiaries.
This company offers a wide variety of different types of life insurance, both term and universal. The company can tailor its product offerings to fit your needs depending on the needs and preferences that you have.
If you are interested in getting life coverage, you should consider speaking to a life insurance agent or company about the policies available. This way, you will be able to get a better idea of what products are offered and which ones would work best for your personal situation. This will ensure that you are buying the right coverage for your life situation.
There are many resources available online to help you obtain more information about how you can find the best life coverage. You can find websites devoted to providing information about this and the Penn Mutual life insurance company. You can also search for resources that focus on finding the best life coverage.
While there are many options to choose from, you may want to try out some of the life coverage plans available to see what fits your needs best. This is one area where you can find out information about how much coverage you can buy without spending too much money.