November 19, 2017 9:53 AM ET


Company Overview of The Penn Mutual Life Insurance Company

Company Overview

The Penn Mutual Life Insurance Company offers various life insurance and annuity products. The company provides term life, whole life, universal life, variable universal life, and joint or survivorship life insurance products; fixed, variable, and immediate annuities; and business consulting services. It also offers a range of investment products and services, which include mutual funds, stocks, bonds, government securities, and unit investment trusts; and asset management and other investment services. In addition, the company provides investment banking services to institutional and corporate clients. It offers its products and services to individuals, families, small businesses, and finan...

600 Dresher Road

Horsham, PA 19044

United States

Founded in 1847



Key Executives for The Penn Mutual Life Insurance Company

Chairman and Chief Executive Officer
Age: 55
President, COO, Trustee Chairman of Penn Mutual Asset Mgmt Inc and CEO of Penn Mutual Asset Mgmt Inc
Age: 42
Chief Financial Officer, Executive Vice President and Treasurer
CEO, President & Chairman of Pennsylvania Trust Co.
Chief Executive Officer of Janney Montgomery Scott LLC and President of Janney Montgomery Scott LLC
Age: 59
Compensation as of Fiscal Year 2017.

The Penn Mutual Life Insurance Company Key Developments

The Penn Mutual Life Insurance Company Announces the Availability of Survivorship Plus Select Indexed Universal Life Product

The Penn Mutual Life Insurance Company introduced its latest IUL product, Survivorship Plus SelectSM Indexed Universal Life. This new, second-to-die survivorship life insurance product, designed to cover two lives more cost effectively than two comparable individual policies, was built to support policyholders’ estate planning or accumulation goals. Policyholders seeking estate planning or wealth transfer solutions will value Survivorship Plus Select’s generous standard no-lapse guarantee and the ability to add a lifetime no-lapse guarantee through the product’s optional Extended No-Lapse Guarantee Rider. Policyholders seeking strong market-based accumulation potential, without the risk of loss due to market performance, will appreciate the ability to allocate premiums to any of Survivorship Plus Select IUL’s five distinctly different indexed accounts. Each unique indexed account offers strong upside potential tied to the performance of the S&P 500® Index or the S&P Global Broad Market Index (excluding dividends). Plus, all of the indexed accounts include the downside protection of a 1% minimum annual interest guarantee that applies even if the index performance is negative. Additionally, Survivorship Plus Select offers a fixed account option and a dollar cost averaging account. Beyond the strong upside potential of the indexed accounts, Survivorship Plus Select IUL includes two guaranteed accumulation enhancements to help bolster long-term cash value growth. And, this robust product includes a host of value-added features and options not routinely found in other survivorship IUL products—such as Penn Mutual’s Chronic Illness Accelerated Benefit Rider, which is automatically included with most policies at issue, without any up-front cost.

the Penn Mutual Life Insurance Appoints Adam Bass as the Newest Managing Partner of Lakeshore Wealth Strategies

The Penn Mutual Life Insurance Company announced the appointment of Adam Bass as the newest managing partner of LakeShore Wealth Strategies. Prior to joining company, Bass was managing director at Lenox Advisors, in which he thrived in his role of promoting growth for their Chicago office. Bass also previously held the positions of chief operating officer and executive vice president at First Financial Group.

The Penn Mutual Life Insurance Company Announces Opening of New Office in Kansas City, Missouri; Appoints Scott Stone to Oversee its New Office in Kansas City

The Penn Mutual Life Insurance Company announced the opening of its new office in Kansas City, Missouri. The new office will be overseen by Scott Stone, who has 25 years of experience in the industry. Under the guidance of Stone, Penn Mutual's Missouri agency will be responsible for providing financial planning and insurance services to prospects and clients within the Kansas City area. Bill Stevens, vice president, career agency distribution at Penn Mutual, offers that efforts to grow in the Midwest will be an opportunity not only for the company, but for Stone to showcase Penn Mutual's values and dedication to clients.

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