News

The Penn Mutual Life Insurance Company Announces the Availability of Survivorship Choice Whole Life

HORSHAM, Pa. – April 2, 2018 – Penn Mutual, a Fortune 1,000 Company, introduced its latest permanent life insurance product, Survivorship ChoiceSMWhole 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.

About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. Through our network of trusted advisers, we are dedicated to helping individuals, families and businesses achieve their dreams.  Penn Mutual supports its advisers with retirement and investment services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC.  We are proud to work together in a values-driven and relationship-based culture. Visit Penn Mutual at www.pennmutual.com.

Contact

Karyn Piechule
Gregory FCA
610-228-2107

Ann Callaghan 
Penn Mutual
(610) 228-2140

*Dividends are not guaranteed.  Past performance is not indicative of future results.

All guarantees are based upon the claims paying ability of the issuing company. Survivorship Choice Whole Life is a last-survivor whole life insurance policy offered by The Penn Mutual Life Insurance Company (policy form

ICC17-TLJ). Policy form numbers may vary by state. Product and features may not be available in all states.

Accessing cash values will reduce the death benefit and policy values and may require additional premium payments to maintain coverage. Making loan repayments can help protect the policy death benefit and values.

Survivorship Choice Whole Life is not currently available at in CA and NY

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