HORSHAM, PA. – January 7, 2019 – Penn Mutual, a Fortune 1,000 Company, introduces its latest permanent life insurance product, Versatile Choice Whole Life.
With its guaranteed death benefit protection to age 121 and guaranteed long-term cash value accumulation, Versatile Choice Whole Life can be an excellent fit for those seeking strong protection and accumulation guarantees. Versatile Choice can support a range of needs, including tax-advantaged wealth transfer, college funding and supplemental retirement income. It can also be an attractive option for business owners seeking dependable permanent life insurance solutions for themselves or key employees.
Versatile Choice 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, “Versatile Choice Whole Life is built to support a variety of needs and goals. Beyond its protection, accumulation and premium guarantees, Versatile Choice offers an array of built-in and optional riders that can enhance cash value growth, provide flexibility and deliver added security for unexpected life events such as chronic illness. There are also riders designed specifically to support business needs.” Mr. Martin added, “Through riders and features, such as the ability to choose the number of years to pay up their policies, Versatile Choice Whole Life offers individuals and business owners a degree of flexibility not commonly found in competing products.”
For additional information about whole life at Penn Mutual, please visit www.pennmutual.com.