Penn Mutual Insurance Company
Penn Mutual Insurance Company
600 Dresher Road
Horsham, PA 19044
Penn Mutual Life Insurance Company is deemed to be the original pioneer of mutual life insurance in the United States. It was established in 1847, and has partnered with financial professionals who are dedicated to supporting individuals, families, as well as small businesses or enterprises, and help them unlock various difficulties to help meet financial needs. This is possible through a dependable company which offers life insurance, investment solutions, and annuity, available through its wholly owned broker subsidiary that is Hornor, Townsend & Kent, Inc.
Penn Mutual believes that life insurance is the most responsible, protective, and rewarding action which an individual can take. It seems to be a safety net that guarantees to protect himself, his family, as well as his business.
Penn Mutual dedicates to support more people. As such, it has developed, and continues to deliver services, products, and solutions fit for the needs of its clients or policy holders.
With the company’s life insurance policy, an individual, group, or his or her property is able to experience and enjoy the benefits and privileges of a dependable and steadily developing growing asset which is visible through one’s different stages in life, such as landing one’s first job, starting a family, building one’s business, sending one’s kids to school or college, and also, live life comfortably during retirement.
As a mutual company, it is enabled to obtain a long-term perspective. At the same time, it can also create decisions which protect the interests of its policy holder and ensure a viability that is long term.
Penn Mutual also has solid financial strength. A.M Best, one of the organizations that measures the strength of companies in the financial service industry has rated the company with an A++ rating. This means that the company is superior, and very much capable of meeting its financial obligations to its clients. This rating, which was affirmed last November 2010, ranks the second highest out of 16 ratings.
The insurance company was founded by John W. Hornor in 1847. In 1909, its company assets passed the $100 million mark. In 1960, the Penn Mutual Equity Services was formed, and as such acted as the broker and dealer for Penn Mutual registered products (as of today, this subsidiary is called Hornor, Townsend & Kent Inc.)
In the year 2000, Penn Mutual established its first named professorship at the American College. This professorship was in honor of Charles E. Drimal, who is a revered Penn Mutual general agent.
The company also makes sure that it supports worthwhile causes. In 2001, it responded to the September 11 tragedy through making contributions in monetary or financial kind to organizations or groups which supported its victims as well as their families.
With its support and generosity, Penn Mutual was voted in 2003 as the eighth best place to work in the state of Pennsylvania.
By the year 2005, the insurance company celebrated the 10th anniversary for its Producer Value Commitment Strategy. It is a program that continues to support the financial professionals of the company with giving them ongoing educational, practice-management and marketing tools. This gives them the opportunity to establish close and productive relationships with policy holders and clients.