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| Home » Most Popular Life Insurance Companies » The Penn Mutual |
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The Penn Mutual Life Insuance Company |
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The Penn Mutual Life Insuance Company was founded in 1847. The company offers annuities, life insurance and investment products. The Penn Mutual Life Insuance Company’s major subsidiaries include Townsend & Kent, Penn Insurance and Annuity and brokerage firm Hornor. Penn Mutual sells its products mainly to high-net-worth professionals, individuals and business owners. Products include disability income insurance policies, life insurance and a range of deferred and immediate annuity products. The company also offers trust services and asset management to individuals and institutions. Penn Mutual provides additional investment services by the affiliations with brokerage firm Janney Montgomery Scott.
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Life insurance is one type of contract that ensures payment to a beneficiary immediately after the death of a person who life was insured. They types of life insurance that the Penn Mutual Life Insuance Company offers are:
- Term Life: These life insurance policies are made to offer temporary protection at a low-coste, especially in the earlier years.
- Universal Life: This is a type of permanent life insurance. The permanent life insurance policies combine death benefit security with the power to build riches within the policy, which is being referred as the “cash value.”
- Joint or Survivorship Life: These policies are designed to cover two lives.
- Whole Life: Whole life is a permanent life insurance which combines death benefit protection with the power to build wealth within the policy, referred as the “cash value.”
- Variable Universal Life: Variable universal life is one of the permanent life insurances. Variable universal life policies offer universal life insurance security, but also investment flexibleness. This type of insurance is configured for those who are ready to take an investment risk.
Thus, the Penn Mutual Life Insurance Company is the nation’s second oldest provider of mutual life insurance. The company provides life insurance and rente products by the help of a national web of professional agents and financial consultants who help customers meet their fiscal needs with confidence. Address: Independence Square, Philadelphia, PA 19172, Phone No: 215 – 956 – 8000.
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