What are the different types of life insurance policies offered by Penn Mutual?

Penn Mutual offers a variety of life insurance policies tailored to meet different needs and preferences. This diverse range includes both term and permanent life insurance options. Term life insurance is designed to provide coverage for a specified period, such as ten, fifteen, or twenty years. It is typically more affordable, making it a popular choice for individuals seeking temporary coverage or those with short-term financial responsibilities, such as raising children or paying off a mortgage. On the other hand, permanent life insurance provides lifelong coverage and comes in various forms. Whole life insurance is one of the most common types, featuring fixed premiums and a guaranteed death benefit, along with a cash value component that grows over time. Universal life insurance offers more flexibility with premium payments and death benefits, along with the opportunity to build cash value based on market interest rates. Additionally, Penn Mutual provides indexed universal life insurance, which links cash value growth to a stock market index but typically includes downside protection. Furthermore, for those requiring final expense coverage, Penn Mutual offers plans specifically designed to cover end-of-life costs, ensuring loved ones are not burdened with these expenses. For more information and details on these policies, it is advisable to visit the official Penn Mutual website, where one can find comprehensive descriptions and additional resources.