Can I transfer my policy to another person?

The transfer of a policy to another person, often referred to as a policy assignment, is indeed possible with certain types of life insurance policies offered by Penn Mutual. However, the process and requirements may vary depending on the specific policy type and the terms outlined in the policy contract. Generally, the policy owner must submit a formal request to the insurance company, which may include providing certain documentation and possibly obtaining consent from the other party involved in the transfer. It is important to note that not all policies may be eligible for transfer, and there may be tax implications associated with the assignment of an insurance policy. Therefore, individuals considering a transfer should consult the policy documentation or the appropriate section of the Penn Mutual website for detailed procedures and any restrictions that may apply. For specific inquiries or assistance regarding the transfer of a policy, interested individuals may want to look for the appropriate contact information on the current Penn Mutual web page or refer to their policy documents for guidance.