Penn Mutual Penn Life Insurance Company is good, company evaluation and product introduction

Today, on the marketInsurance companyIt's dazzling.But among these insurance companies, there are some companies with a long history and high evaluation.Penn MutualIt is one of them.

Penn MutualWhat's your evaluation?We believe that the answer varies from person to person.to this endAmerican Life Insurance GuideI have also done a lot of investigation work. Today we will talk to you about Penn Mutual, Penn Life Insurance Company.

Penn Mutual’s company evaluation and insurance product introduction

Penn Mutual Life Insurance Company, Usually abbreviated as Penn Mutual.It was founded in Philadelphia, Pennsylvania in 1847.At the same time, it is also the seventh franchised mutual reciprocal life insurance company in the history of the United States.

Penn Mutual's business method is very different from that of his shareholding counterparts.Penn Mutual Life Insurance CompanyIt is a reciprocal (Mutual) company structure. This type of structure usually pays more attention to the interests of policyholders rather than shareholders.In the insurance business, it also directly signs agreements with policyholders, and directly serves and handles insurance-related needs of policyholders.

At the same time, as a reciprocal company, if there is a dividend clause in the policy, the insured will receive dividends from the company every year.Because there is no public offering of shares, the company has no shareholders.

In 2017, Penn Mutual paid a total of $13 billion in insurance compensation to policyholders and their beneficiaries.

Penn Mutual is an insurance company that provides online information services earlier. Through online accounts, policyholders can contact the customer center for consultation, comment and claim more quickly.

Another great convenience of informatization is reflected in the field of payment.In other words, you can choose a variety of payment methods, and online payment is not a problem.At the same time, Penn Mutual also provides a wealth of online life insurance knowledge resources to help you better understand life insurance products. The main content covers everything from tax planning to common insurance issues.

Penn Mutual financial strength and ratings

As of December 2017, 12, Penn Mutual had a total capital surplus of US$31 billion and managed US$19 billion in assets.Major credit rating agencies, including AM Best, Fitch, Moody's, and Poor, have given him an "A+" score. The following is the rating details:

• AM Best – A+
• Moody's – Aa3
• Standard & Poor's – A+

As of August 2019, Penn Mutual's latest Comdex score is 8 points, which is 92 point higher than before.

Penn Mutual Insurance Company Product Line List

Penn Mutual Insurance Company's rich insurance product line provides policyholders with different types of insurance options.These insurance types include:

• Term Life Insurance/Term Life
• Savings dividend-type whole life insurance/Whole Life
• Universal Life
• Investment Universal Life Insurance/VUL
• Index Universal Life Insurance/IUL

These policy products are also differentRiderFor policyholders to choose, such as critical illness additional clauses and retirement income additional clauses, they can all be configured in the above basic insurance policy.

Term life insurance

Guaranteed Term 10-15-20 The product provides 10 years, 15 years, or 20 years of regular protection, and guarantees that it can be upgraded to a lifetime insurance product within the validity period.

Savings Participating Whole Life Insurance

• Guaranteed Choice Whole Life
• Survivorship Choice Whole Life

The first guaranteed Whole Life guarantees a lifetime guarantee payment, and also guarantees a fixed premium during the lifetime.The second paragraph of the co-existence life insurance policy is to protect two people (usually family couples) with one insurance money.

Universal Life Insurance

• Protection Guard Universal Life*
• Guaranteed Protection Universal Life*

These two products are designed to be lower thanSavings Participating Whole Life InsuranceThe premium price provides flexible premium payment methods and lifetime protection.

IUL Index Universal Insurance

• Accumulation Builder Select IUL

Penn Mutual's IUL product design guarantees that the warranty will not be broken for 30 years, and it provides two cash value growth strategies that closely follow the S&P 2 index.

insurGuru©️Comprehensive Evaluation

Penn Mutual has a long history, offering different types of insurance for policyholders to choose from, and its financial and credit ratings are robust.

The benefits of choosing Penn Mutual are: customer service, customer praise, and the point that has been criticized is mainly on underwriting. Penn Mutual’s underwriting standards are very strict. If you are young and healthy, then there is no problem.However, if you are a little older and have some medical records, you may be denied insurance, or given a health rating that exceeds your expectations, and your premiums may be increased.

In short, when choosingAmerican Life InsuranceWhen products, you can make more comparisons.If you have a need for whole life insurance, you can consider Penn Mutual.

Official website: pennmutual.com

Penn Mutual Life Insurance Company, commonly known as Penn Mutual, was founded in Philadelphia, Pennsylvania in 1847.It is the seventh family life insurance company chartered in the United States. Wikipedia

Headquarters: Horsham, Pennsylvania
CEO: Eileen C. McDonnell (Feb 18, 2011–)
Company employees: 1500 (2015)
Subsidiary: Janney Montgomery Scott LLC, MORE

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