December 21, 2014 2:09 PM ET

Insurance

Company Overview of The Penn Mutual Life Insurance Company

Company Overview

The Penn Mutual Life Insurance Company offers various life insurance and annuity products. The company provides term life, whole life, universal life, variable universal life, and joint or survivorship life insurance products; fixed, variable, and immediate annuities; and business consulting services. It also offers a range of investment products and services, which include mutual funds, stocks, bonds, government securities, and unit investment trusts; wealth management; financial, retirement, and intergenerational planning; and strategic portfolio management; and asset management and other investment services to corporate and institutional clients. In addition, the company provides investme...

600 Dresher Road

Horsham, PA 19044

United States

Founded in 1847

Key Executives for The Penn Mutual Life Insurance Company

Chairman
Age: 52
Chief Financial Officer
Chief Operating Officer
Age: 39
Chief Executive Officer of The Pennsylvania Trust Company and President of The Pennsylvania Trust Company
Chief Executive Officer of Janney Montgomery Scott LLC and President of Janney Montgomery Scott LLC
Age: 56
Compensation as of Fiscal Year 2014.

The Penn Mutual Life Insurance Company Key Developments

The Penn Mutual Life Insurance Company Announces Dividend Scale Increase

The board of directors of The Penn Mutual Life Insurance Company approved a dividend scale increase for policies issued prior to 2005, while policies issued 2005 and later will maintain their dividend scale. The total dividend award payout for 2015 is $41.2 million, $8 million greater than the 2014 dividend award, marking the fifth consecutive year that Penn Mutual's dividend payout has increased.

The Penn Mutual Life Insurance Company Updates its Guaranteed Protection Universal Life Product

The Penn Mutual Life Insurance Company has revised the pricing for its Guaranteed Protection Universal Life (GPUL) product. Penn Mutual has reduced no-lapse guarantee premiums for the popular lifetime level and 10 pay options by 3-5%, on average. The premium reduction, combined with the existing Chronic Illness Accelerated Benefit Rider, which is included on most policies at no additional charge at issue, enhances the competitive features offered to help clients' needs. The new product went into effect nationwide for new business on September 22, 2014.

The Penn Mutual Life Insurance Company Appoints Susan Anthony as National Sales Director

The Penn Mutual Life Insurance Company announced that Susan Anthony has been appointed Penn Mutual's national sales director. In her new role, Anthony will be a field resource for Penn Mutual's Independent Financial Network regional directors and will work closely with front line leadership to provide support, enhance productivity, and leverage best practices across regions. Anthony has been in the financial services industry for 27 years and has a wide range of experience. Prior to joining Penn Mutual, Anthony served as assistant vice president of (M channel) marketing for John Hancock, where she managed a team of wholesalers. She also served as a national key account manager, and as a field vice president with Pacific Life.

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April 8, 2014
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