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Last Updated: 04/18/2025

Penn Mutual Life Insurance

from Penn Mutual

Last Updated: 04/18/2025

Strongly recommended7 total votes

6 users recommend

1 users are unsure

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Highlights

Community Rating

Strongly recommended

Term Life Death Benefit Range

Starting at $250,000

Term Options

Term Life
Level Term

Financial Strength Rating

A+(Verified 04/18/2025)

Number of Reviews

Penn Mutual Life Insurance Review

Penn Mutual life insurance Pros & Cons

Pros

Cons

Strong financial rating
Available in all 50 states.
Access to multiple life insurance policy types.

Penn Mutual is a life insurance carrier based in Horsham, PA. The company was founded in 1847 and offers life insurance products in 50 states (and Washington, DC).

Penn Mutual life insurance FAQ

What types of life insurance products does Penn Mutual offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Penn Mutual offers.

Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Penn Mutual life insurance offers term lengths ranging from 10 to 20 years.
Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.
Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.

What is SuperMoney's financial rating of Penn Mutual?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Penn Mutual an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

600 Dresher Road

Horsham, PA 19044

Visit Site

Email Support

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +86, or 4.7 on a 5-point rating scale.

+86

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Penn Mutual Life Insurance Community Reviews

Would you recommend Penn Mutual Life Insurance to your friends?

Mazhar C.

Nov 25, 2022

May or may not recommend

I would recommend Penn Mutual to any friend or family member. As many others have pointed out they do accept people that are older, which is really nice. Their customer service was overall quite good and the variety of life insurance plans that you can choose from is very encouraging. Not surprising for a company that was established even before the Civil War.

Robelys F.

May 22, 2022

May or may not recommend

Nothing better than PeBonn Mutual found the cheapest insurance never seen a better service

Steven H.

May 3, 2022

May or may not recommend

Irfan T.

Apr 28, 2022

May or may not recommend

PENN Mutual is great for life insurance policies. I have had a great time with them, their customer service and insurance policy is great and i would love to recommend them to others.

Bailey P.

Mar 18, 2022

May or may not recommend

This company has been established for awhile which is always a positive standpoint. They offer additional coverage and benefits when you hit certain milestones and have been known to accept people who are older an apply. Would recommend anyone who is interested in obtaining life insurance.

Ashma A.

Mar 8, 2022

May or may not recommend

Penn Mutual Life Insurance Co. offers products through a variety of financial advisors. Penn Mutual has a long history as a life insurance company. It provides several life insurance alternatives, a number of optional riders, and high coverage amounts for people wanting for considerable coverage for their family. A long list of optional riders are available. Penn Mutual offers a variety of additional riders, such as accelerated death benefits, accidental ...Show More

Ossiana T.

Oct 13, 2021

May or may not recommend

Penn Mutual seems to be one of the few insurance agencies that will accept people who are older. They were actually one of the only ones to make application good. However, the amount they offered for my relative wasn't much. Take what you will.

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