Mutual - Life Insurance
Pharmacists Mutual Companies
year was 1898 when a young man named Albert Falkenhainer moved
west to Titonka, Iowa, to open the town's first business:
a drug store. Four years later when that store was destroyed
by fire, he learned firsthand about the often painful experiences
encountered by druggists seeking insurance: difficulties with
loss settlements, poor service, and excessive premiums.
did rebuild his drug store; and during the process, another
new business was born. He obtained a mutual insurance company
charter in 1909 and began offering policies to pharmacists
that same year. Falkenhainer's philosophy was simple, yet
powerful: Be the best at serving your customers. From its
earliest days, Druggists Mutual Insurance Company was dedicated
to the pharmacy profession and the "mutual" concept.
its beginning, Druggists Mutual Insurance, has had a unique
understanding of druggists insurance and financial needs.
The name changed in 1992 to Pharmacists Mutual but the company
continues to evolve with the changing needs of todays pharmacists.
pharmacists serve on the Board of Directors. Pharmacists Mutual
on-staff pharmacist/attorney stays in touch with current legislation
and litigation trends that affect you. Pharmacists Mutual
field representatives serve as your link to the company and
have years of experience with your profession.
Mutual is also very active in support of pharmacy. Pharmacists
Mutual take pride in supporting state pharmacy associations,
College of Pharmacy scholarship programs, awards for outstanding
scholastic achievement, the pharmaceutical industry through
their Foundation, and providing help for alcohol and drug
abuse programs, and research.
Mutual Companies are committed to pharmacy--your profession!
Pharmacists Mutual's commitment to quality and outstanding
service for your professional, business, and personal insurance
coverage shows that they know excellent value is essential.
Pharmacists Mutual competitive rates and dividend payments
to policyholders each year since 1909 show Pharmacists Mutual
share your concern about cost control.
Pharmacists Life Insurance Company
Lifetime protection plus guaranteed cash value growth.
Pay Whole Life
Whole life insurance paid up in twelve years. Cash values
accumulate at a faster rate than traditional whole life.
Level term death benefit with ten(10), twenty(20), and thirty(30)
year level rate guarantees.
"Termanent"TM life insurance coverage that allows
you to have permanent insurance to age 99 at gradually increasing
Annual Renewable Term insurance wich
can be written as level death benefit or decreasing which
reduces to fit your mortgage.
Flexible annuities for IRAs, TSAs, or Simple IRAs, or as tax-deferred
plans. Deposits can be either a single payment or a flex payment.
Low minimum payment requirements.
For a one-time only premium, you can purchase from $10,000
and up of whole life insurance that protects your child for
a lifetime. You'll also be providing your child with cash
values for future education or other needs.
Life insurance for last expenses and to supplement existing
coverage or to insure hard to place risks.
blood or urine specimens
premiums and death benefits
life insurance payable to age 100.
death benefit first 2 years = 45% of ultimate face amount;
ultimate face amount payable 3rd and subsequent years.
face amount payable all years for accidental death.
face amount -- $5,000
face amount -- $30,000
ages* -- 40-85
Fee -- $57
Classifications: non-nicotine use, nicotine use