HORSHAM, PA — The Penn Mutual Life Insurance Company this week announced the introduction of Protection Whole Life (PWL), a permanent life insurance product that provides guaranteed lifetime protection at a competitive premium rate.
“As a leader in the life insurance industry, Protection Whole Life strengthens our ability to support diverse client needs, goals and budgets,” said Tom Harris, president of life insurance and annuities for Penn Mutual. “This newest addition to our life insurance product lineup can be a good fit for clients when protection, guarantees and the cost of coverage matter most.”
Protection Whole Life’s client-focused features include:
- Guaranteed Protection – death benefit guaranteed to age 121
- Guaranteed Premiums – payment amounts are set and guaranteed to never increase
- Guaranteed Cash Value – accumulates tax-deferred and is accessible income tax free at any time
Protection Whole Life rounds out Penn Mutual’s trio of whole life products and reinforces the company’s commitment to offering some of the strongest guarantees in the industry.
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