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Latest Stories

Insurance Ratings: What Consumers and Policyholders Should Know

By Dave Raszeja | March 15, 2017

A.M. Best, a major insurance rating agency, affirmed Penn Mutual’s A+ ranking on March 8. The annual rating is a reflection of our mutuality and financial strength, and we are proud to have achieved a ranking of A or higher for the past 89 years. Here’s what this means for our policyholders and everyday consumers.

Choosing to Lead: Penn Mutual Aims to be Top Ten in Life Insurance Sales by 2025

By Eileen C. McDonnell | January 10, 2017

Penn Mutual has moved from the 38th to the 17th position in new life sales since the “Great Recession”. Now we are laser focused on breaking into the top ten by 2025!

Once Again, Penn Mutual Increases Dividend Award

By David O’Malley | November 22, 2016

Penn Mutual announced its dividend award payout for 2017, which will be $58 million to our policyholders – an almost 21 percent increase from last year’s payout of $48 million. Since the financial crisis in 2008, Penn Mutual has increased or maintained its dividend scale every year. And over the past six years, Penn Mutual has increased the dividend award payout. Penn Mutual is the only company among other major whole life competitors that has not decreased its dividend scale in the post-recession era.

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.

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.

Reflections on Competitor Increases in Cost of Insurance Rates

By Raymond Caucci | December 15, 2015

While Penn Mutual is subject to the same pressures as other insurance companies, and has the contractual right to change non-guaranteed product charges, we have never raised cost of insurance rates on previously purchased policies and have no plans to do so.

Penn Mutual’s 2016 Dividend Award Marks Eighth Consecutive Year Its Dividend Scale Has Been Increased or Maintained

By David O’Malley | November 23, 2015

This year’s dividend award payout is a testament to Penn Mutual’s enduring financial strength, supported by a long-term perspective and prudent management approach.

Life Insurance Dividends and Financial Strength

By David O’Malley | November 12, 2015

Penn Mutual will be declaring its annual dividend on November 20. We’ve paid a dividend every year since we were founded in 1847, a solid history that has served our policyholders well.

Working in Customer Service Gave My Career a Boost

By Andrew Champi | October 6, 2015

Penn Mutual takes pride in its customer-focused culture, something I can attest to personally. Starting my career in Penn Mutual’s customer service area, my two years there gave me a solid foundation of Penn Mutual’s values and how we utilize those values to help our policyholders.

Do You Understand Your Life Insurance Dividend?

By Raymond Caucci | March 26, 2015

Over the last 168 years, Penn Mutual has consistently paid a dividend each year to our participating whole life insurance policyholders.