Few things come with guarantees. Our Guaranteed Whole Life is one of them.

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Penn Mutual's Guaranteed Whole Life

Ray Caucci, SVP of Product Management & Underwriting covers our rankings, dividend consistency and the competitive advantages of Guaranteed Whole Life.

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Our competitive product delivers guaranteed lifetime protection and high rankings for long-term cash value accumulation.

All of the underwriting information you need, including age and amount requirements, underwriting rules, medical conditions and more.

A first of its kind digital buying experience that dramatically cuts application and issue times – with or without Accelerated Underwriting.

You'll get the support and resources you need for long-term success, and see we're a partner that's happy to deliver.

Recent Updates

Life Product & Rider Guides

Find product features and rider information for all of our life products in these quick-reference guides.

Product Feature Guide  

Product Rider Guide  


A.M. Best and Moody's Affirm Credit Ratings of Penn Mutual and its Subsidiaries

On April 13, Moody's reaffirmed our Aa3 (High Quality) rating, noting that it reflects our "solid capitalization, strong liquidity and good asset quality."

A.M. Best reaffirmed our A+ (Superior) rating on March 24, noting that it reflects our "balance sheet strength, which A.M. Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management."


IRC Section 7702 Revisions and Life Insurance Limit Impact

January 25, 2021

The Consolidated Appropriations Act, signed into law December 27, 2020, includes changes to the tax code that will reduce the minimum interest rate assumptions insurance companies may use. These changes will affect the definition of insurance including:

  • The Guideline Premium Test and the Cash Value Accumulation Test under Internal Revenue Code (IRC) Section 7702 and;
  • Modified Endowment Contracts under IRC Section 7702A

Once implemented, the reduced interest rate assumptions will allow for increased premiums for new permanent life insurance policies sold utilizing these revised rates. Penn Mutual is evaluating the impact of the updated rates and will be monitoring industry reactions to the rate changes as we move forward.

We will provide additional updates on section 7702 and impacts to our product portfolio as they become available.