penn mutual accumulation builder select indexed iul

This policy is available to buyers up to age 85 and offers a guaranteed death benefit up to age 121. Guaranteed Whole Life II is Penn Mutual’s whole life insurance option. Penn Mutual’s Protection Non-Convertible Term policy is available to buyers up to age 70 but cannot be converted to permanent coverage later. During the first five years after conversion, you’re covered by a chronic illness rider. The policy can be converted to permanent life insurance with level premiums before age 70. The term length you qualify for can depend on your age (20 to 69) and tobacco use.Īt a minimum, this policy offers $250,000 in life insurance coverage. Penn Mutual offers a Guaranteed Convertible Term life insurance policy in 10-, 15-, 20- and 30-year terms. Penn Mutual offers a wide variety of life insurance products, including: Life insurance products offered by Penn Mutual This data revealed that Penn Mutual has a low number of complaints to state insurance departments, which can indicate satisfaction among policyholders. Its long-term portfolio performance is strong and internal fees low, a combination that can be beneficial for cash value growth.ĭuring our Penn Mutual life insurance review, we also collected data from the National Association of Insurance Commissioners (NAIC). The life insurance company also offers cash value life insurance, a type of permanent life insurance policy that includes a cash value component.

Penn Mutual offers both convertible and non-convertible life insurance policies, meaning you can opt for term coverage with the option to convert it to a permanent life insurance policy before the term ends. It also earns a top spot in our best life insurance for seniors rating.

Penn Mutual earns 4.5 stars in our best life insurance companies rating, thanks in part to its reliable historical portfolio performance. Yes, Penn Mutual life insurance can provide good coverage to individuals shopping for various types of life insurance, including term life, whole life and universal life insurance.

Penn mutual accumulation builder select indexed iul