Pennsylvania Life Insurance Company

Pennsylvania Life Insurance Co. offers a whole life insurance policy called Secure Guard. Secure Guard covers the costs of funeral and burial expenses, along with any probate or administration costs. Premiums are available at a set rate that's guaranteed to never increase, and coverage is likewise guaranteed to never decrease. The policy's cash value is guaranteed at an interest rate of 5.5 percent annually. Death benefits range from $2,500 to $35,000. Benefits availability and rate ranges depend on the age and location of the policy holder. In addition to Secure Guard, Pennsylvania Life also offers accident coverage, which includes an accidental death benefit. In the event of the policy holder's unanticipated death as a result on an injury, this benefit pays out in one lump sum.

History Of Pennsylvania Life Insurance Co.

Pennsylvania Life Insurance Co., also known as PennLife, was founded in 1890. It made a name for itself by focusing on self-employed, blue-collar workers who needed specialty disability insurance. PennLife is a subsidiary of Universal American and operates in 100 offices in 49 states. They have over 500,000 policy holders with more than $1 billion of insurance in force. Each month, PennLife pays out more than $4.5 million in insurance benefits.

Pennsylvania Life Insurance Co. Ratings

According to A.M. Best, the country's leading insurance rating service, Pennsylvania Life receives a "B++" (Good) rating for its financial strength. A Good rating indicates the ability of Pennsylvania Life to cover their obligations to policy holders.