About Penn mutual
Penn Mutual is a financial services company that has been providing life insurance, annuities, and investment solutions to individuals and businesses for over 170 years. The company was founded in 1847 by a group of Philadelphia businessmen who wanted to create an organization that would help people protect their families and businesses from financial hardship.
Today, Penn Mutual is one of the largest mutual life insurance companies in the United States, with over $32 billion in assets under management. The company has a strong reputation for its commitment to customer service and its focus on helping clients achieve their financial goals.
One of the key strengths of Penn Mutual is its range of life insurance products. The company offers term life insurance, whole life insurance, universal life insurance, and variable universal life insurance. Each type of policy has different features and benefits that can be tailored to meet the specific needs of individual clients.
In addition to its life insurance products, Penn Mutual also offers annuities. An annuity is a contract between an individual and an insurer that provides guaranteed income payments for a specified period or for the rest of the individual's life. Annuities can be used as part of a retirement plan or as a way to provide income during periods when other sources may not be available.
Penn Mutual also offers investment solutions through its subsidiary companies Janney Montgomery Scott LLC (Janney) and Hornor Townsend & Kent LLC (HTK). Janney provides wealth management services including financial planning, investment advice, brokerage services, trust services, estate planning strategies and private banking solutions while HTK provides broker-dealer services such as securities trading platforms along with advisory support.
The company's commitment to customer service is evident in its approach to working with clients. Penn Mutual takes pride in building long-term relationships with customers based on trust and transparency. The company's representatives work closely with clients to understand their unique needs so they can recommend appropriate products that will help them achieve their goals.
Another strength of Penn Mutual is its focus on innovation. The company invests heavily in research and development so it can continue to offer cutting-edge products that meet changing market demands. For example; In 2020 they launched "Accelerated Client Experience" which allows customers access online tools like e-signature capabilities which makes it easier than ever before for customers who want quick access without having face-to-face meetings during COVID-19 pandemic times
Overall; With over 170 years' experience providing financial protection solutions coupled with innovative technology offerings like Accelerated Client Experience platform make it clear why Penn mutual stands out among other competitors within this industry sector today!