Only a few businesses enjoy the same level of trust as Penn Mutual in the life insurance industry. Since 1847, Penn Mutual, one of the first mutual insurance companies in the United States, has given its clients peace of mind. We’ll look at Penn Mutual’s life insurance offerings here so you can decide if they’re right for you.
Policies from Penn Mutual Life Insurance
Term life, whole life, and universal life insurance are among the life insurance products offered by Penn Mutual. Let’s examine each form of policy in more detail.
Life Insurance, term
Term life insurance covers the insured for 10–30 years. Term life insurance is ideal for immediate needs like paying off a mortgage or supporting a family until the oldest child graduates college. Penn Mutual offers flexible term life insurance with permanent coverage.
Integrated Life Insurance
Lifetime protection is offered by whole life insurance, which also accrues financial value over time. People who desire permanent coverage and want to build cash value for their financial goals may consider this policy. Whole life insurance policies from Penn Mutual are adaptable and provide payment and coverage options.
Continuum Life Insurance
A permanent form of life insurance known as universal life combines a death payout with an investment account. The coverage and investment possibilities available under this kind of policy are flexible. The death benefit and premium payments on universal life insurance plans from Penn Mutual can be modified by policyholders to meet their changing needs.
Services For Penn Mutual Life Insurance
Penn Mutual life insurance provides a variety of services to its policyholders in addition to life insurance plans, such as:
The financial planning services provided by Penn Mutual Life Insurance help policyholders create and maintain long-term financial stability for themselves and their families. They also offer retirement planning, tax preparation, and estate planning guidance.
Penn Mutual provides services to assist individuals and families in developing an estate plan that satisfies their particular requirements. They can also help with other estate-planning papers, such as trusts and wills.
To assist business owners in safeguarding their enterprises and preparing for succession, Penn Mutual offers business planning services. They also provide advice on buy-sell agreements, critical person insurance, and business continuity planning.
To assist individuals and families in making long-term financial plans, Penn Mutual offers investment planning services. They offer direction on choosing investments, managing risks, and allocating assets.
Ratings for Penn Mutual Life Insurance
It’s crucial to consider independent rating agencies’ ratings when selecting a life insurance provider. These are three of the top rating companies’ evaluations of Penn Mutual:
By A.M. Best A+ (Excellent)
Duff & Phelps AA-
S&P Global A+
These ratings show that Penn Mutual has high financial stability and is prepared to meet the financial needs of its policyholders.
Penn Mutual Life Insurance: Pros And Cons
Penn Mutual Has Both Pros And Cons, Just Like Any Life Insurance Company. These Are Some To Think About:
A long history of financial stability and commitment to policyholder service.
A wide selection of life insurance products to pick from products that can be customized to meet specific needs and favourable scores from independent rating organizations.
Provides various services for business and financial planning.
Prices For Policies Could Be Higher Than Those Of Other Life Insurance Companies.
A Simple Online Application And Quote Process.
Some Rules Might Call For A Physical Examination.
A reputable supplier of life insurance products and services is Penn Mutual Life Insurance. They give various financial planning options and customizable policies to satisfy specific needs.