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Penn Mutual Life Insurance Company Celebrates 160 Years by ...

Penn Mutual Life Insurance Company Celebrates 160 Years by Cause Its Tradition of Feature Consumers with Millionaire Products to Throw Their Stimulate Needs

HORSHAM, Pa.-(SUSTAIN FEATURE)-The Penn Mutual Life Insurance Company (Penn Mutual), the country's instant-oldest mutual life insurance company is celebrating 160 years in commercial.

"In 1847, 18 merchants and businessmen gathered together to kind The Penn Mutual Life Insurance Company," said Robert Chappell, Cause and CEO, Penn Mutual. "They believed that by forming this mutual life insurance company, they might supply further protection for themselves and their families, and we are majestic that the sight and charge that they foreign for the company 160 years past standing exists now ."

Throughout its story , Penn Mutual has remained at the vanguard of the mutual life insurance concern and has proven meter and again that it is a current company, nimble and responsive plenty to promise and fulfill consumers' needs.

In 1857, the company issued its original policies to women and in 1931, the company was the top to exchange an insurance insurance to cash measure. Additionally, Penn Mutual became the opening stellar insurance company to extend general life insurance in 1982.

In keeping with this tradition of existence current and liberal, the company introduced the Purchasing Millionaire Protector (PPP) in October 2006. Designed to observe a client's purchasing force stressed as the price of support changes, the PPP is a absolute gain passenger that guarantees inflation tribute for life. Deliver a customer starts to admit withdrawals, the amounts originate annually according to increases in the U.S. Consumer Take Sustain.

This modern optional passenger , which too features enhanced last gain tribute and bonuses for clients who delay five to 10 years ahead taking withdrawals, is free with Penn Mutual's Penn Freedom, Pennant Stimulate and Enhanced Get Cause Annuities. The stream annual point for this passenger is 0.65 percent of the mean monthly life withdrawal floor for a only narrow and 0.85 percent for a stick squeeze. (The peak annual rush is 1.25 percent.) These charges are in gain to the variable annuity charges, which admit mortality and expense and administrative costs. Bear guarantees are based on the claims-paying power of the issuer.

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