HORSHAM, Pa. – April 2, 2018 – Penn Mutual, a Fortune 1,000 Company, introduced its latest permanent life insurance product, Survivorship ChoiceSM Whole Life—making Penn Mutual the only carrier in today’s market to offer survivorship life insurance products in both the whole life and indexed universal life spaces.
Designed to provide a survivorship life insurance solution for clients seeking strong protection and accumulation guarantees, this new second-to-die whole life product can cover two lives more cost effectively than two comparable individual policies. With its death benefit and cash value accumulation guaranteed to age 121, Survivorship Choice Whole Life will appeal to couples with protection, estate planning, wealth transfer or supplemental retirement income needs. It will also be an attractive option for business partners seeking dependable permanent life insurance solutions for themselves or key employees.
Survivorship Choice Whole Life offers policyholders long-term cash value accumulation without market risk, plus the opportunity to earn annual dividends from a company that has consistently paid dividends to eligible policyholders—even during the most challenging economic times.*
Andrew Martin, Vice President of Product Management at Penn Mutual commented, “Survivorship Choice Whole Life is built to support a variety of client goals. Beyond its core protection, accumulation and premium guarantees, the product offers built-in and optional riders that can enhance cash value growth, provide flexibility to meet diverse protection needs and budgets and deliver added security for unexpected life events such as chronic illness.” Mr. Martin added, “The addition of Survivorship Choice Whole Life to Penn Mutual’s strong life insurance portfolio demonstrates our commitment to whole life insurance and the value it provides policyholders, as well as our commitment to offering survivorship life insurance solutions for policyholders with diverse objectives and risk tolerances.”
For additional information about Survivorship Choice Whole Life, please visit www.pennmutual.com.
Sentry Insurance Renews ATA Featured Product Agreement for Third Year
Kuvare Acquires United Life
Advisor News
- Wells Fargo Fined $1B To Settle Insurance, Mortgage Abuses
- IMF Warns Of Another Meltdown As Global Debt Rises To $164T
- U.S. To Fine Wells Fargo $1B
- Financial Advisors Hammered By Compliance Costs
- Women Have Fundamentally Different Journeys To Financial Wellness, Merrill Lynch Study Reveals
More Advisor NewsAnnuity News
- Nationwide To Sell Annuities Through Independents
- VAs, FIAs Finish Strong In 4Q
- Employees Want Annuities in Benefit Plans
- Single Retirees Feel More Vulnerable To Longevity Risk
- Prudential Unwraps GIFT of Simplicity, Affordability
More Annuity NewsHealth/Employee Benefits
- Today’s Benefits Broker Becomes A Culture Consultant
- Senate Democrats Propose Medicare Buy-In Bill
- HealthPartners Reports Sharply Higher Income For 2017
- Americans Reject Government Managing Their Retirement Plans: Survey
- Employers and Employees Embrace Automation But Fear Loss Of Workplace Humanity
More Health/Employee BenefitsProperty and Casualty News
- North Carolina Agrees On Homeowners Rate Increase
- Agency M&A Hit Fourth-Highest Total In Q1
- Motorists Know Risks Of Distracted Driving But Still Do It
- Nationwide Will Transition To Independent Agency Model By July 2020
- Unlicensed New Jersey Chiropractor Sentenced In $4M Fraud
More Property and Casualty News