Horsham, PA (PRWEB) September 03, 2013
During Life Insurance Awareness Month this September, The Penn Mutual Life Insurance Company is committed to reminding consumers of all the possibilities permanent life insurance offers and that it should be the first and center part of a sound financial plan.
While 50 percent of U.S. households say they want more life insurance, 30 percent of them still have no life insurance policy at all. To help make consumers aware of all that life insurance has to offer, Penn Mutual shares these four possibilities of permanent life insurance:
- Permanent life insurance offers more than a death benefit. Along with death benefit protection, life insurance builds cash value, which can be accessed through loans or withdrawals for emergencies, college funding, retirement, and more.
- Permanent life insurance delivers protection that you own, rather than rent. Unlike term insurance, permanent life insurance allows you to achieve peace of mind through death benefit protection. And throughout your life, you can take advantage of the possibilities that the policy’s cash value can offer.
- Permanent life insurance provides a head start if purchased early in life. The sooner you start, the more impact permanent life insurance can have on your financial future. Plus, when you are young and healthy, you lock in better rates and have more time to build cash value.
- Permanent life insurance grows with you if you revisit it regularly. As life evolves, so do your personal and family’s financial needs. Meeting with your financial professional regularly to revisit your policy will help ensure that it grows with you while you make any necessary adjustments.
Visit Penn Mutual’s Life Insurance Awareness page here to find out more about the importance of having permanent insurance as the center of a sound financial plan.
Accessing life insurance policy cash values through loans and withdrawals will reduce the stated cash value and death benefit amounts, and may result in surrender fees and other charges. Because individual circumstances may vary, it is important to seek the assistance of a qualified advisor to assess the appropriateness of any referenced financial strategies. Not a guarantee of future performance or success.
About The Penn Mutual Life Insurance Company
Since its founding in 1847, Penn Mutual has been driven by its noble purpose to create a world of possibilities. At the heart of this purpose is the belief that purchasing life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of more than 5,000 financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc. Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.
©2013 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044