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.