The medal's obverse bears mountain lion on the hunt, facing left. Around bottom, THE PENNSYLVANIA STATE UNIVERSITY; across, 1964 / WILLIAM ELLIOTT / CHAIR OF LIFE INSURANCE; signed at right, PK ©
The reverse bears wall with door, framed by Doorway / to / Protection - 1906; around, · PHILADELPHIA LIFE INSURANCE COMPANY · / JOSEPH E. BOETTNER, C.L.U., PRESIDENT / ONE BILLION OF LIFE INSURANCE IN FORCE; signed under doorstep, Philip Kraszkowski Sc.
The circular medal measures 63.6mm in diameter and was struck in bronze. No mintage is reported.