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Penn Mutual
Work Here?
Life insurance, annuities, wealth management services
Penn Mutual
Work Here?
Life insurance, annuities, wealth management services
Overview
Penn Mutual provides life insurance, annuities, wealth management, and institutional asset management through a network of financial professionals. Its products work by offering life insurance to provide financial protection for beneficiaries, annuities to create steady retirement income, and investment services to manage and grow wealth for individuals, families, and institutions. The company differentiates itself with a long history (over 175 years), a broad suite of protection-oriented solutions, and a model that emphasizes partnering with financial professionals to tailor plans for clients. Penn Mutual’s goal is to help people and businesses build stronger financial futures through sound, personalized protection and wealth strategies.
About Penn Mutual
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Philadelphia, Pennsylvania
Founded
1847
Simplify's Take
What believers are saying
- Stephen Kennedy's Thrivent COO expertise boosts operational excellence since May 2024.
- Vanguard-managed Accumulation VUL attracts affluent clients since January 2024.
- Record-breaking 2026 dividend award reinforces policyholder commitment and strength.
What critics are saying
- Policyholders' lawsuit alleges misleading sales, eroding trust immediately.
- New CFO Rick Klenk triggers cost cuts, causing advisor defections by 2026.
- 1847Financial hires fail against Northwestern Mutual, driving 60-80% churn in 18 months.
What makes Penn Mutual unique
- Refreshed ACE platform achieves 90% adoption with hours-fast policy issuance.
- Accumulation Whole Life offers unmatched growth and flexibility since September 2024.
- 1847Financial expands nationally with managing principals in Utah, Arizona, Kansas City.
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Benefits
Flexible Work Hours
Hybrid Work Options
Company News
PHILADELPHIA, Sept. 15, 2025 /PRNewswire/ - The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce the launch of its refreshed Accelerated Client Experience (ACE), an industry-leading, digital life insurance buying platform, designed to deliver greater speed, efficiency, and a more seamless experience for financial professionals and their clients.
Fortune Media and Great Place To Work name Penn Mutual to 2025 Best Workplaces in Financial Services & Insurance List.
Meanwhile, Penn Mutual Life Insurance Company has named Rick Klenk as its next chief financial officer (CFO), effective March 17, 2025.
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Mann to spearhead growth initiatives across Utah and Arizona for our national organization for affiliated Financial ProfessionalsPHILADELPHIA, Feb. 11, 2025 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to announce that Brandon Mann has joined the company as a Managing Principal within our national affiliated distribution organization, 1847Financial. Mann will spearhead 1847Financial growth initiatives across Utah and Arizona
Penn Mutual is Hiring for 8 Jobs on Simplify!
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About Penn Mutual
Industries
Financial Services
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Philadelphia, Pennsylvania
Founded
1847
Penn Mutual is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today