Penn Mutual has continuously paid dividends to eligible policyholders every year since 1847. Our enduring fiscal strength and ability to help clients achieve lifelong stability is how we measure success1.
1All guarantees are based on the claims paying ability of the issuer. Dividends are not guaranteed and past performance is not indicative of future results. Dividend scale comparison developed using information believed to be accurate as of November 2019. Penn Mutual information in the dividend scale comparison is based on the whole life products inforce during the years reported.

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Sr. Vice President of Product Management and Underwriting talks about the company&rsquo;s top rankings across all of the key whole life measures. <a href="https://pennmutual.buzzsprout.com/407080/2392871" target="_blank">View disclosures</a>

Issue Age: 0-85 years Minimum Face Amount at Issue <ul> <li>$50,000 (up to issue age 70)</li> <li>$100,000 (ages 71+)</li> <li>Minimum face amount exceptions exist for pension cases ($10,000), children&rsquo;s term conversions ($25,000, and exercises of the Guaranteed Purchase Option Rider ($10,000)</li> </ul> Available Rate Classes <ul> <li>Preferred Plus Non-Tobacco</li> <li>Preferred Non-Tobacco</li> <li>Standard Non-Tobacco</li> <li>Preferred Tobacco</li> <li>Standard Tobacco</li> <li>Standard (Juvenile under issue age 20)</li> </ul> Qualified Plan Provisions <ul> <li>Qualified Plan Surrender Privilege: Employers with terminated employees during the first two years may surrender the policy and receive a return of premiums; commissions will be reversed</li> <li>Change of Plan Provision: Policyowners may change one policy to another policy without evidence of insurability, subject to provisions; exchange period starts at the end of the third policy year and continues until the end of the seventh policy year</li> </ul> Charges as % of Premium Load <ul> <li>Base Policy: N/A</li> <li>APPUA and EPPUA Riders: 15% of rider premium in the first policy year and 10% in following years, with higher loads for sub-standards (additional 2% charge if received other than on annual policy anniversary)</li> </ul> Compensation <ul> <li>Offers Basic Compensation</li> <li>Provides a Persistency Bonus in years 5-15</li> </ul>

Accumulating Cash Value With GWL, your clients can depend on guaranteed and predictable long-term cash value growth with no market risk. Non-guaranteed dividends can also add to cash value and death benefit growth. Guaranteed cash value is based on the 2017 CSO Smoker Distinct Mortality Table, with a guaranteed 4% minimum interest rate over the life of the policy. Accessing Cash Value Policyholders can access cash value from their policies at any time for college funding, retirement, emergencies, or any reason through: <ul> <li>Policy loans</li> <li>Surrenders of dividends and paid-up additions (essentially, withdrawals from policy value)</li> </ul> Loans Penn Mutual&rsquo;s direct recognition approach to loans adjusts the interest component of the dividend for outstanding loan values, which is beneficial to your client: <ul> <li>Policyholders without an outstanding loan are not negatively impacted by the loan activity on other policies</li> <li>Policyholders with an outstanding loan will have their dividend interest credit rate adjusted only for the loaned values, not affecting the non-loaned policy values</li> <li>Adjustable loan rate declared at beginning of year</li> <li>Minimum loan amount of $250 (loan to pay premium not subject to minimum)</li> <li>No minimum withdrawal amount and $0 withdrawal processing fee</li> </ul> Loan Charge Rate: 5.00% (Adjustable Loan Rate)

Penn Mutual can make dividend payments to eligible whole life policyholders, based on positive performance. GWL offers policyholders six dividend options: <ul> <li>Purchase Paid-Up Additions</li> <li>Offset future premium payments</li> <li>Dividend accumulation</li> <li>Purchase one-year term insurance</li> <li>Repay loans</li> <li>Take a cash payout</li> </ul> Dividend Interest Rates <ul> <li>Non-loaned Value</li> <ul> <li>6.10%</li> </ul> <li>Loaned Value</li> <ul> <li>Years 1- 10: 4.35%</li> <li>Years 11+: 5.00%</li> </ul> </ul>

Policyholders can count on GWL&rsquo;s fixed and guaranteed death benefit: <ul> <li>Protection is guaranteed to age 121 (as long as required premiums are paid)</li> <li>Death benefits paid to beneficiaries are income tax-free</li> <li>Dividends used to purchase additional paid-up whole life insurance can increase policy death benefit</li> <li>Once the death benefit increases due to applied dividends, the new and higher death benefit is guaranteed to age 121 (as long as premiums are paid)</li> </ul>

Guaranteed Whole Life

Allows access to a portion of the death benefit if terminal illness strikes. For survivorship policies, the benefit is available only for the last surviving insured. Automatically included at issue.

Permits policy owners with the Flexible Protection Rider to make extra payments in order to more rapidly replace the term life portion of coverage with paid-up whole life insurance. Not available with the Enhanced Permanent Paid-Up Additions Rider. PUA Rider Charges/Loads (% of Premium): Year 1: 15%,&nbsp;Years 2+: 8%

Provides beneficiaries an additional death benefit if the insured dies as a result of an accident.&nbsp;

Extends term coverage to the insured&#39;s children and gives them the option to convert to their own permanent policy at age 23.

Allows access to a portion of the death benefit if chronic illness strikes. For survivorship policies, the benefit is available only for the last surviving insured. Automatically included at issue with most permanent life policies.

Waives all premiums if the insured becomes totally disabled. Not available with the Disability Waiver of Premium w/Automatic Conversion Rider or Disability Completion Benefit Rider.

Waives all premiums if the insured becomes totally disabled. Additionally waives all premiums for up to 6 years if the insured cannot work in their primary occupation and after that if totally disabled. Not available with the Disability Waiver of Premium Rider.

Increases the death benefit and policy cash value by allowing extra payments to purchase additional, paid-up whole life insurance. Not available with the Accelerated Permanent Paid-Up Additions Rider. PUA Rider Charges/Loads (% of Premium): Year 1: 15%,&nbsp;Years 2+: 8%

Supports a larger death benefit at less cost by blending permanent whole life insurance with term life coverage that is replaced with permanent paid-up insurance over time. PUA Rider Charges/Loads (% of Premium): Year 1: 10%,&nbsp;Years 2+: 5%

Guarantees the ability to increase total coverage at specified ages or specified events, without medical underwriting.

Keeps a policy in force despite outstanding loans.

Allows the replacement of an insured with another insured who has the same relationship to the policy owner. For a joint policy, provides flexibility to change one of the insureds. Automatically included with all single life business planning policies and all survivorship policies.

Provides a return of premium, minus a cost of insurance for the period covered, if the policy is surrendered within the first 5 policy years. For use on business cases only.

Guaranteed Whole LifeSM (GWL) is a competitive whole life product that delivers guaranteed lifetime protection, plus high rankings for long-term cash value accumulation, income and death benefit internal rate of return (IRR). This robust product also offers options and flexibility not commonly found in the whole life marketplace.&nbsp;

Survivorship Choice Whole Life

Provides guaranteed death benefit growth to keep pace with inflation.

Allows a joint policy to be divided into 2 individual policies in the event of divorce or certain federal estate tax changes. Automatically included at issue with survivorship policies. For use on personal cases only.&nbsp;

Survivorship Choice&reg;&nbsp;Whole Life (SCWL) provides permanent life insurance protection for two individuals in one cost-effective policy that pays a death benefit after the second death. SCWL is a leader in cash value and death benefit internal rate of return&mdash;plus it offers flexibility through payment period options and nine riders.

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