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Penn Mutual Life Insurance unveils guaranteed choice whole life product

The Penn Mutual Life Insurance Company has rolled out its latest versatile, flexible whole life insurance policy that offers several distinct advantages.

Dubbed as the Guaranteed Choice Whole Life, the policy has been designed to deliver individuals, families and business owners guaranteed death protection, builds policy cash value.

Customized to meet an individual’s needs, the life insurance policy offers guaranteed permanent death benefit protection and premiums to protect a family’s financial security or to help safeguard business interests.

It also gives guaranteed cash value accumulation not impacted by market conditions to help support retirement planning, emergency cash needs or any number of life’s possibilities.

In addition, the product offers a flexible Policy Payment Period that lets policyholders, at time of policy issue, to select the length of time they will make premium payments.

Penn Mutual Life Insurance Company product management assistant vice president Andrew Martin said: "The addition of Guaranteed Choice Whole Life to Penn Mutual’s strong life insurance portfolio demonstrates our commitment to whole life insurance and the value it provides policyholders.

"With its guaranteed death benefit, cash value accumulation and added flexibility to customize policy payments, Guaranteed Choice Whole Life delivers the control policyholders are seeking for their diverse needs and goals."