These product additions reinforce the corporate’s dedication to providing probably the most aggressive, complete product line-up within the business.
HORSHAM, Pa.–(BUSINESS WIRE)– The Penn Mutual Life Insurance coverage Firm (Penn Mutual), a Fortune 1000 Firm, introduces its newest time period life insurance coverage merchandise, Assured Convertible TermSM and Safety Non-Convertible TermSM, providing shoppers two highly effective time period life insurance coverage choices.
Assured Convertible Time period provides assured loss of life profit safety for 10-, 15-, 20- or 30-year phrases, with conversion obtainable throughout the time period interval (as much as 20 years or age 70). This aggressive time period life product contains robust, contractual conversion ensures that give policyholders a transparent path to everlasting life insurance coverage, with out proof of insurability. Safety Non-Convertible Time period is designed to offer policyholders with inexpensive momentary loss of life profit safety. It provides a alternative of 10-, 15-, 20- or 30-year phrases.
Each merchandise supply policyholders the chance to customise their protection with non-obligatory riders that may prolong protection to youngsters or present added safety within the occasion of incapacity or unintentional loss of life.
Andrew Martin, vice chairman of product administration at Penn Mutual, stated, “Including Safety Non-Convertible Time period to our life product portfolio permits us to higher serve people in search of an inexpensive short-term safety resolution. Our new convertible time period life product, Assured Convertible Time period, continues Penn Mutual’s custom of providing among the business’s strongest contractual conversion ensures. For instance, Assured Convertible Time period offers policyholders with a contractual assure that permits them to transform to any everlasting product provided by Penn Mutual on the time of conversion.” Martin added, “That’s a robust assure when you think about Penn Mutual’s everlasting life product portfolio spans each main product class.”
For added details about time period life at Penn Mutual, please go to www.pennmutual.com.
About The Penn Mutual Life Insurance coverage Firm
Penn Mutual is dedicated to serving to folks dwell life with confidence. On the coronary heart of this goal is the assumption that life insurance coverage is central to a sound monetary plan. By way of our community of trusted advisers, we’re devoted to serving to people, households and companies obtain their desires. Go to Penn Mutual at www.pennmutual.com.
All ensures are based mostly on the claims paying capability of the issuing firm. Assured Convertible Time period is a time period life insurance coverage coverage provided by The Penn Mutual Life Insurance coverage Firm. (Coverage type ICC18-LT) Safety Non-Convertible Time period is a time period life insurance coverage coverage provided by The Penn Mutual Life Insurance coverage Firm. (Coverage type: ICC18-LT-N) Coverage type numbers differ by state. Product and options will not be obtainable in all states. Rider availability varies by product. Assured Convertible Time period and Safety Non-Convertible Time period should not at present obtainable in CA and NY.
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Supply: Penn Mutual Life Insurance coverage Firm