Perspectives on Life – Penn Mutual

On the Watch for Financial Abuse

By Christine Hennigan | October 10, 2017

October is Domestic Violence Awareness Month. The numbers are shocking, and there is a relatively unknown side of domestic abuse to be on the watch for: Financial abuse. One in four women will be victims of some sort of domestic abuse in their lifetime, either emotional or physical abuse. Of these, 99 percent of them will also be victims of financial abuse, where the abuser uses money as a means of manipulation. Here is what you can do about it.

Celebrating Customer Service, and Preparing for the Accelerated Client Experience

By Helen Rennie | October 3, 2017

We are passionate about customer service here at Penn Mutual. Because of that, we are also passionate about Customer Service Week. The theme this year is “Building Trust,” which is very important to us. This is a nationwide event , but we work hard to make it our own. The work we do in Adviser & Client Services and other areas of the company is taking on even more importance with the recent launch of Penn Mutual’s accelerated client experience.

The Living Benefits of Life Insurance

By Zach Hamilton | September 26, 2017

While the death benefit is the essential component of life insurance, there are many ways that permanent life insurance can be a valuable resource for you over the course of your life, while you are alive. We call these the “living benefits of life insurance,” and they can be significant.

The Miracle of Life Insurance

By Maury Stewart | September 19, 2017

Life insurance is an amazing invention. It truly is a miracle, and here’s why. Life insurance is the only financial instrument I know of where, with a few strokes of a pen and a few pennies per thousand dollars of death benefit, you can create an estate immediately.

GoFundMe Doesn’t Replace Planning – or Life Insurance

By William Stevens | September 12, 2017

The crowdfunding website GoFundMe says it has raised $4 billion for people in need, helping to build funds that go toward final expenses and raising money for surviving family members. While it’s great to see an outpouring of love and support for people in a time of need, I hope that people don’t come to see GoFundMe as a replacement for life insurance.

Penn Mutual Revolutionizes the Purchasing of Life Insurance with a New Automated, Accelerated Experience

By David O’Malley | September 8, 2017

Penn Mutual achieved a major milestone this week when we processed our first life insurance policy on our innovative, new accelerated client experience. The new client experience requires no medical testing for many individuals and can take as little as 24 hours from application to payment, compared to an industry average of 30 days or more! The experience eliminates all the paperwork and delays that slow the current life insurance application, underwriting and policy delivery process.

Yes, Millennials Can Qualify for Life Insurance

By Raymond Caucci | September 5, 2017

According to research by LIMRA , 41 percent of millennials think they don’t qualify for life insurance. I find that shocking, and I take it as a challenge. We in the insurance industry need to do a better job communicating the value of life insurance to younger generations. Ironically, millennials are probably among the best possible candidates for life insurance.

Why Financial Services is a Good Career Fit for Millennials

By Adam Paoli | August 29, 2017

The financial services industry presents an incredible opportunity for Millennials looking for not just a job but a career. The demographics of our industry alone make a compelling case. In a previous blog post, it was noted that the average adviser is over age 50 and approaching retirement within the next ten years. We are going to see many of those practices needing to be transitioned and eventually succeeded, and Millennials like myself are well-positioned to take advantage of that. But there’s more to this than just demographics.

Intern Life at Penn Mutual

By Megan Berardelli | August 21, 2017

As the summer comes to a close, I am reflecting on my experience as a human resources (HR) intern at the Penn Mutual Life Insurance Company. I was one of 25 interns from across the country that spent this summer with Penn Mutual — the biggest class of interns yet!

Using Life Insurance to Fund College

By Nicholas Hoeschel | August 15, 2017

Saving for college is an excellent strategy, but parents often don’t realize that there are some ways to save that are better than others. There are times when having too much savings can reduce your child’s chances of qualifying for financial aid for college. In addition to the death benefit protection it provides, life insurance can be useful in helping to fund college.