Horsham, Pa. – April 10, 2014 – The Penn Mutual Life Insurance Company, a more than 167-year-old company, is pleased to announce that it has achieved an important milestone: $100 billion of life insurance in force.
As a mutual life insurance company, Penn Mutual puts the interests of its policyholders front and center. Since its founding, that mutual structure has meant consistently providing policyholders with solutions that deliver the complete value of life insurance across all of life's stages. The $100 billion mark is evidence of the value policyholders place in Penn Mutual’s full range of life insurance products and the support, solutions and guidance offered by the company’s trusted financial professionals across the country.
“To us, $100 billion of life insurance is much more than just a number – – it represents the trust that our clients put in us to help them maintain a lifestyle after the loss of a loved one; the means to afford the home of their dreams; or even the ability to achieve a long-desired business goal,” said Eileen McDonnell, chairman, president and CEO of Penn Mutual. “From all the promises we’ve kept to all we’ve still yet to make, we look forward to continuing our record of success and remaining a trusted company for our policyholders of today and tomorrow.”
About The Penn Mutual Life Insurance Company
Since its founding in 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that purchasing life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.