The Penn Mutual Life Insurance Company, together with its subsidiaries, provides individual life insurance and annuity products in the United States. It offers its products for protection, wealth accumulation, retirement planning, estate planning, and business planning. The company provides various life insurance products, including term life, whole life, universal life, variable universal life, and joint or survivorship life. The company also offers annuities, including deferred annuities and immediate annuities that provide fixed or variable investment options. In addition, it offers a range of investment vehicles, including equity and fixed-income securities, mutual funds, insurance, IRAs, and fee-based money-management programs; wealth building and financial planning services comprising retirement, education savings, and trust and estate planning; and equity research, investment banking, and institutional sales and trading services. Further, the company provides investment-management services; trust and guardianship administration; estate planning; general financial planning; tax planning and preparation; and custody services to individuals, families, and institutions, including private foundations, endowments, and public and private employee-benefit plans, as well as offers investment advisory services for fixed income sub accounts. The Penn Mutual Life Insurance Company was founded in 1847 and is headquartered in Horsham, Pennsylvania.