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The Penn Mutual Life Insurance
Company, also commonly referred to as Penn Mutual, was
founded in Philadelphia, Pennsylvania in 1847 |
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See What
Penn Mutual And Our Insurance Brokerage System Has To Offer!
Penn Mutual Life Insurance
was the seventh mutual life insurance company chartered in the
United States. It is headquartered in Horsham, Pennsylvania just
outside of Philadelphia
The Penn Mutual Life Insurance Company has a rich history and a
passion for a bright future. A legacy of financial strength, a
prudent investment philosophy, keeping our promises and staying true
to our mission and values all contribute to our success and
stability. As a mutual company that operates in the best interests
of our policyholders, we can maintain a client-centered, long-term
focus, without over-emphasis on short-term results.
Our one overriding commitment is to help clients achieve a lifetime
of financial security. We achieve this by providing life insurance,
annuities and living benefits through our national network of
financial professionals who help their clients meet their financial
needs with confidence. In addition to these primary product lines,
the company supports its financial professionals with related
investment and brokerage products through its wholly owned
broker-dealer subsidiary, Hornor, Townsend & Kent, Inc.
Principal
Subsidiaries
Through its affiliates, Penn Mutual is able to offer a full range of
specialized products and services to help meet the varied needs of
its clients. These five strong companies add to the overall strength
and value of Penn Mutual as a whole.
Hornor, Townsend & Kent, Inc. (HTK)
Hornor, Townsend & Kent, Inc. (HTK) is a wholly owned broker/dealer
subsidiary of Penn Mutual, with access to a full range of registered
investment products and services, including mutual funds, stocks,
bonds, variable life insurance products and annuities. HTK supports
its representatives with a highly trained staff who are dedicated to
providing the resources needed to help them meet their clients’
financial goals.
Janney Montgomery Scott LLC (JMS)
Janney Montgomery Scott LLC (JMS) is one of the largest,
full-service regional securities broker/ dealers in the country,
serving customers in the Eastern United States through a
comprehensive network of branch offices. In addition to Penn Mutual
products, it offers clients a complete range of investment vehicles,
from individual securities to mutual funds, insurance, money
management and other financial service products. It also provides
investment banking services to corporations and institutional
clients. Janney is a member of the New York Stock Exchange, where it
holds the second-oldest seat, all other major U.S. exchanges, the
Financial Industry Regulatory Authority (FINRA) and the Securities
Investor Protection Corporation (SIPC).
The Pennsylvania Trust Company
Founded in 1986, The Pennsylvania Trust Company provides trust and
investment-management services for individuals, families and
institutions, including private foundations, endowments and both
public and private employee benefit plans. It offers clients
investment-management services; trust and guardianship
administration; estate planning; general financial planning; tax
planning and preparation; and custody services. The company's team
of trust and investment professionals is responsible for the
management and administration of more than $1 billion of client
assets.
Independence Capital Management, Inc. (ICMI)
Independence Capital Management, Inc., (ICMI) is a wholly
owned investment advisory subsidiary of Penn Mutual. It is
responsible for fund selection and performance for the sub advisors
within Penn Mutual's variable products, ensuring that they are
performing well and in a manner consistent with their asset style.
It is also responsible for making the day-to-day investment
decisions for several of the fixed income sub accounts.
In addition, ICMI manages separate account bond assets for
institutional investors.
The Penn Insurance and Annuity Company (PIA)
Founded in 1980, The Penn Insurance and Annuity Company (PIA) is a
wholly owned life insurance subsidiary of Penn Mutual. Domiciled in
Delaware, PIA maintains its operations in Horsham, Pennsylvania, and
is licensed to do business in 48 states and the District of
Columbia. It markets its business through Penn Mutual’s distribution
systems and has its in-force business serviced by the parent
company.
Term Life Insurance
Term life insurance policies are designed to provide temporary
protection at an affordable cost — particularly in the earlier
years. The contract between the policy owner and the insurance
company is for a specific period of time or “term.” Term policies
deliver pure death benefit protection and appeal to those seeking
cost-effective, temporary coverage.
Level Premium Term Insurance
Those who prefer that their premium remain the same or “level” for a
specific period of time, such as 10, 15 or 20 years, may choose to
purchase a level term policy. The death benefit is also level,
meaning the death benefit remains the same throughout the life of
the policy. These policies may also include a conversion provision,
allowing you to convert the policy to permanent insurance.
Guaranteed Term 10-15-20 Life
Insurance: The Protection You Need Now, The Options You'll Want
Tomorrow
The fixed or level
annual premium can make obtaining high levels of coverage
suprisingly affordable. This makes it ideal for young families or
new businesses with limited resources who need a certain amount of
life insurance protection, but may feel put off by the cost. Plus,
Guaranteed Term 10-15-20 offers a high degree of flexibility in its
conversion options that differentiates it from other term life
insurance policies.
All guarantees are based upon the
claims-paying ability of the issuer. Guaranteed Term 10-15-20
policy form numbers are LT-99(S) or LT-99(U). Policy form numbers
may vary by state. A7JC-0319-07