The Penn Mutual Life Insurance Company Introduces Guaranteed Protection Universal Life

HORSHAM, Pa.--(BUSINESS WIRE)--The Penn Mutual Life Insurance Company announces its new Guaranteed Protection Universal Life product, designed to offer clients affordable, permanent guaranteed death benefit protection and increased cash accumulation that provides added flexibility. This competitively priced product is offered in conjunction with Penn Mutual’s commitment to accommodate the varying and changing needs of its clients.

“With this product, our consumers are able to generate cash accumulation and value within their policies and be certain they are receiving affordable, dependable and permanent protection simultaneously.”

Guaranteed Protection Universal Life, like all universal life products, is ideal for individuals looking for cost-efficient, permanent protection that will generate additional cash value in their policies. But unlike other guaranteed no-lapse products in the market, Guaranteed Protection Universal Life has a significant amount of cash value, which can provide clients with increased flexibility as their needs change.* This improvement was in response to feedback from Penn Mutual’s field partners and supports the company’s Producer Value Commitment strategy.

“At Penn Mutual, our policies are designed to meet the needs of our customers over time and through the ever-changing economy,” said Robert E. Chappell, Chairman, President and Chief Executive Officer of Penn Mutual. “With this product, our consumers are able to generate cash accumulation and value within their policies and be certain they are receiving affordable, dependable and permanent protection simultaneously.”

In addition to providing permanent protection, Guaranteed Protection Universal Life offers flexible premium options for clients. Level payment, catch-up premiums, and prepayment options are provided as adaptable resources for premium payment. In generating cash accumulation in this product, clients are able to take partial withdrawals and/or loans and, if their life insurance needs change, surrender their policy and receive a competitive cash value.**

Guaranteed Protection Universal Life comes with several new riders to meet a variety of needs now that there will be additional cash accumulation associated with the product. The Business Accounting Rider helps business owners to better manage the balance sheet impact of purchasing insurance. The Overloan Protection Rider provides a no-lapse guarantee in the event that the policy loan value exceeds a certain threshold. These features are available at an additional cost.

For more information about Guaranteed Protection Universal Life please visit www.PennMutual.com.

* Policy guarantees are based upon Penn Mutual’s claims-paying ability.

** Policy loans and withdrawals will reduce the cash value and death benefit accordingly.

About The Penn Mutual Life Insurance Company

The Penn Mutual Life Insurance Company is the nation’s second oldest mutual life insurer. Founded in 1847, the company provides life insurance and annuities through a national network of financial professionals who help clients meet their financial needs with confidence. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Member FINRA/SIPC, Registered Investment Advisor and wholly owned subsidiary. Visit Penn Mutual on the Internet at http://www.pennmutual.com.

2008 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044

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