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.
A.M. Best Upgrades Mutual Trust's Credit Rating to A (Excellent)
A.M. Best upgraded Mutual Trust Life Insurance Company's Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) September 29, 2016. According to A.M. Best, the upgrade reflects the rating agency's view of the successful integration of Mutual Trust Financial Group and the Pan-American Life Mutual Holding Company after the November 2015 merger, as well as "the strategic importance of Mutual Trust as the functional focal point of the domestic life business of the consolidated entity."
Click here to read more.
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.