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Competitor Increase in Cost of Insurance Rates

By Raymond Caucci | August 23, 2016

A recent article by the New York Times, Why Some Life Insurance Premiums Are Skyrocketing, brought attention to an issue that I and Frederick Karp have been talking about for some time: Many stock insurance companies are raising the cost of insurance rates (COI) on their in-force universal life (UL) insurance policies. Penn Mutual, however, has never increased the current cost of insurance rates on in-force UL policies and has no intention of doing so.

Exploring the Future of Life Insurance at Google

By David O’Malley | August 16, 2016

I recently attended a gathering of insurance industry executives at Google’s headquarters in Mountain View, California. At the meeting, there was a broad consensus among us that the world is changing and the insurance industry needs to change with it.

What to Expect Financially When You’re Expecting

By Paul and Susana Tompkin | August 9, 2016

Having a baby is a big step, both emotionally and financially. A lot has been written about the everyday aspects of having a baby, but we thought it might be good to talk about the financial side of becoming a parent.

The Current Cost of Insurance on In-Force Policies: It’s About Trust

By Frederick Karp | August 2, 2016

Believe it or not, it was only in 1979 that “traditional” universal life (UL) insurance was first offered to the market, by E.F Hutton. No one in the 80s or 90s thought that underlying UL guaranteed interest rates of four percent would be challenging for companies to meet in 2015 and beyond.

The Rugby Business Network Sees Rapid Growth in the U.S.

By Colm Hannon | July 26, 2016

The Rugby Business Network (RBN) has come a long way in the six years since I started it here in the U.K., and I continue to be amazed by its growth. Recently, we have enjoyed a rapid expansion across the pond, thanks in no small part to the work of our key U.S. partner, Penn Mutual.

Saving for Retirement: Myth vs Reality

By Lisa Powell | July 20, 2016

Research tells us that 53 percent of households are “at risk” of not maintaining their living standards in retirement. While much of that is simply because people are not saving enough, even those who think they are doing a good job planning for their future may have made some mistakes due to some big myths surrounding retirement saving.

Effective Planning with Life Insurance – Avoid These Common Tax Traps

By Eva Victor | July 12, 2016

Life insurance is a unique financial product that may provide needed liquidity during lifetime and upon death of the insured. The importance of life insurance is reflected in its favorable tax treatment. However, tax traps can frequently arise in structuring a policy and in common planning contexts.

The Inevitability of Wearables

By Jeffrey Fleischman | July 6, 2016

Wearable technology – like FitBit or Jawbone – are all the rage right now. I will make a prediction: Wearables are not a fad, and over time they will become as ubiquitous and maybe as necessary as the mobile phone is today.

The Life of Significance Award, and the Impact We Have on Others

By David Caputo | June 28, 2016

I was very surprised when I was told I was to receive this year’s Penn Mutual Life of Significance Award. When Eileen McDonnell, the Chairman and CEO of Penn Mutual, called me, I was just shocked.

Diversifying Retirement Income Sources

By Penn Mutual | June 22, 2016

You’ve been working hard most of your life, with the end goal of retiring and enjoying life at your own pace. What you do now, in your pre-retirement years, is… Read More

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