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Home > Health Insurance > Life Insurance > Penn Mutual Life
Penn Mutual Life
The Company was founded in 1847; Penn Mutual is the nation's second oldest mutual life insurer. The company provides life insurance and annuity products through a national network of producers and financial advisors who help clients meet their financial needs with confidence. The company's national headquarters are located in Horsham, Pa., just outside of Philadelphia.
Life insurance is a contract that guarantees payment to a beneficiary after the death of the person who is insured. It can be used for a number of needs including family protection, business planning, supplemental income and estate and charitable planning. One of the most attractive features of life insurance is that its death benefit is free of federal income tax, and if properly structured, free of federal estate tax.
Term life insurance policies are designed to provide temporary protection at an affordable cost particularly in the earlier years. The contract between the policy owner and the insurance company is for a specific period of time or term. Term policies deliver pure death benefit protection and appeal to those seeking cost effective, temporary coverage.
Whole life is a type of permanent life insurance. Permanent life insurance policies combine death benefit protection with the ability to build wealth within the policy, which is referred to as the cash value. While all permanent policies are designed to last a lifetime, different types are suited to specific needs, including tax and non tax planning strategies.
The Company variable universal life is a type of permanent life insurance. Permanent life insurance policies combine death benefit protection with the ability to build wealth within the policy, which is referred to as the cash value. While all permanent policies are designed to last a lifetime, different types are suited to specific needs, including tax and non tax planning strategies.
The Company survivorship life is a type of permanent life insurance. Permanent life insurance policies combine death benefit protection with the ability to build wealth within the policy, which is referred to as the cash value. While all permanent policies are designed to last a lifetime, different types are suited to specific needs, including tax and non tax planning strategies.
Penn Mutual has earned a well deserved reputation for financial strength and stability over a long and distinguished history. Their financial performance shows policyholders and their professional representatives that Penn Mutual is a company in which they can place their confidence and trust.
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