What are the different types of life insurance policies offered by Penn Mutual?
Asked 6 months ago
Penn Mutual offers a range of life insurance policies to cater to individual needs. They provide term life insurance which offers coverage for a specific period, typically 10, 15, 20, or 30 years. This policy provides a death benefit if the insured passes away during the term. Another option is whole life insurance, which provides lifelong coverage and builds cash value over time. Penn Mutual also offers universal life insurance, which offers flexibility in premium payments and death benefit. Additionally, they provide indexed universal life insurance, providing growth potential tied to market indexes. Another unique offering is survivorship life insurance, which covers two people and pays out upon the passing of the second insured. Overall, Penn Mutual offers a diverse selection of life insurance policies to meet the unique needs and preferences of individuals and families.
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