Additionally, Penn Mutual offers a classic whole life policy that consistently earns dividends. Penn Mutual was among the first carriers to offer universal life insurance policies in the 1980s and continues to provide a variety of UL options with numerous cash-value-growth metrics. Given that Penn Mutual focuses on more complex permanent policies, it’s better to work with experienced independent agents when considering their policies. While some other companies have started accepting direct insurance applications, Penn Mutual policies are only available through agents. Today, Penn Mutual continues to offer life insurance and annuities through a network of independent agents across the country. It has a rich history of growth and success, and by the early 20th century, the company had over $100 million in assets and $1 billion in force life insurance. Penn Mutual Life Insurance Company is a well-established and historic life insurance carrier that has been chartered in Pennsylvania since 1847.
