By Cassandra Vidal | May 16, 2017
I am a student at Drexel University. Our class paired up with Penn Mutual to address three business challenges the company was facing. My team was assigned the first challenge: The Language of Life Insurance, changing the way people talk about life insurance, with a focus on reaching millennials and Generation Z.
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!
By Penn Mutual | October 11, 2016
40 percent of individual Americans do not own life insurance. And, it’s no wonder – people really don’t understand what life insurance is and what it can do for them. As an industry, our products can be complicated, and the language we use doesn’t help.
By Maury Stewart | September 20, 2016
You might think it’s strange that someone who has been in the industry for more than 60 years is so focused on the need to change, but, frankly, the insurance industry has always been about change.
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.
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.
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.
By Penn Mutual | February 2, 2016
How does a nearly 169-year-old company keep current? We do it by partnering with a group of 18- to 20-year olds to help map out our future. Penn Mutual is working with a class at the Dana and David Dornsife Office for Experiential Learning in Drexel’s LeBow College of Business.