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April 5, 2013updated 13 Apr 2017 8:39am

The Penn Mutual Life Insurance Company Names Michael D. Sarver Managing Partner of its Career Agency in Akron, Ohio

The Penn Mutual Life Insurance Company, a more than 166-year-old company, is pleased to announce that Michael D. Sarver has been named sole managing partner of 21st Century Financial, Penn Mutual’s career agency based in Akron, Ohio, with district offices in Pittsburgh, Pa., Columbus, Ohio, and Cincinnati, Ohio.

By Verdict Staff

"Since Mike began his career with Penn Mutual, his leadership has proven to be a tremendous asset to the career agency in Akron," said William J. Stevens, Vice President of Penn Mutual’s Career Agency System. "We are excited about his expanded role and responsibilities, and are confident he will continue to do a fine job of recruiting, training and developing the agency’s producers."

Previously, Sarver was co-managing partner of 21st Century Financial with Charles R. Parks, CLU, ChFC. Parks will continue his career with Penn Mutual as Managing Partner of 21st Century Financial’s offices in Atlanta, Ga., and Tampa, Fla.

Sarver joined Penn Mutual in 1999 as a sales manager and was promoted to managing director in 2004. He was named co-managing partner in 2012 before taking over his current position as sole managing partner. Prior to his time with Penn Mutual, Sarver was a registered representative and sales manager for two major financial services companies.

A current member of the National Association of Insurance and Financial Advisors (NAIFA), Sarver’s accolades include the National Chairman’s Award in 2010, the President’s Award in 2011, the Annuity Sales Leader Award in 2011, the Life and Annuity Premium Growth Award in 2011, and the General Agents’ and Managers’ Association (GAMA) International Management Award at the Diamond level in 2011 and 2012.

Sarver graduated from the University of Akron with a Bachelor of Science degree in Finance. He currently lives in Akron, Ohio, with his wife, Traci, and their three children.

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