Together Mutual Trust and PALIG Are Financially Stronger, More Diversified
As a result of our merger on October 30, 2015, Mutual Trust Life Insurance Company and PALIG operate as a mutual holding company with approximately $1 billion in revenues, $5.5 billion in total assets, $850 million in total capital, 1.5 million covered lives and 1,650 employees. While Mutual Trust was certainly a financially strong organization before the merger, being part of a larger organization can be advantageous in an industry that values size. Click to learn how our increased financial strength and diversification can benefit you.
Pan-American Life Releases
2015 Annual Report
Reflective of a landmark year in the Group’s history, the 2015 annual report features highlights of the international and United States operations that led to double-digit growth in total premium and new sales.
From the merger with Mutual Trust to the strategic discipline and vision that continues to propel PALIG forward, this report tells the story of a company that is stronger than ever.
To view the annual report in its entirety, click here.
More Americans Willing to Recommend and Buy Life Insurance
According to the 2016 Insurance Barometer Study, conducted by LIMRA and Life Happens, 66% of consumers are at least somewhat likely to recommend ownership of life insurance to others. This is an increase of 11 percentage points over last year. In addition, nearly 9 in 10 consumers agree that most people need life insurance, and 34% say they are at least somewhat likely to purchase it in the next year. Americans’ view of life insurance is more positive today than it has been over the past few years due to more favorable attitudes toward it from Generation X and Millennials.