Smart financial planning includes planning for your family after you’re gone. Life insurance policies help ensure your loved ones remain financially secure after you’ve passed away. Choosing your life insurance policy is also a highly personal decision. That’s why choosing a custom policy may be in your best interest. Fortunately, Penn Mutual life insurance benefits can be custom-tailored to your wishes. Here’s a look at some of the many Penn Mutual life insurance options available through Finley Davis.
Term life insurance from Penn Mutual affords financial protection for a set period. Term life insurance can help cover mortgages, business expenses, and college educations for your family. Premiums are based on your health, age, and life expectancy. This type of life insurance is often the most affordable type of life insurance.
Penn Mutual offers universal life insurance policies, which offer affordable protection. This is a form of permanent life insurance. It also offers you the opportunity to accumulate and access cash when you need it, for a fee, or reduction in death benefit. Universal life insurance policies frequently have a very affordable premium.
Whole life insurance affords you a permanent death benefit. With a whole life insurance policy, you also have access to long-term cash value accumulation. This accumulation, which includes interest, may be passed down to loved ones, charities, or businesses.
Indexed universal life insurance builds upon universal life insurance, in providing for a significant cash value accumulation. This cash value can be used to support your children or grandchildren with business ventures, education, and more, without the risks inherent in investing in the equities market.
If you’re looking for a permanent life insurance policy that also allows you to save money and invest the cash value, variable universal life insurance may be a smart choice. This type of life insurance policy builds on typical policies but includes investment subaccounts that allow for the investment of the cash value.
With a variety of options to consider, it’s always smart to work with an independent financial group that can help you determine your life insurance goals, and then find the policy that meets those needs. Each policy has its own requirements, benefits, and fine print. Working with an experienced advisor can help you feel confident that your life insurance choices align with your overall financial plans.
Schedule a Life Insurance Consultation with Finley Davis
Finley Davis is an independent financial firm based in Eugene, OR. Because of our independence, we have access to many life insurance policy options. Whether you need a simple, single, lump-sum payment to your family, or you’d like to use your life insurance investment to assist loved ones with education, entrepreneurship, or homeownership, we can help. To schedule a consultation with Finley Davis, contact us today.
Variable life insurance is sold by prospectus. Please consider the investment objectives, risks, charges, expenses, and your need for death-benefit coverage carefully before investing. The prospectus, which contains this and other information about the variable life policy and the underlying investment options, can be obtained from your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.
The investment return and principal value of the variable life policy are not guaranteed. Variable life sub-accounts fluctuate with changes in market conditions. The principal may be worth more or less than the original amount invested when the policy is surrendered.
Securities offered through Lion Street Financial LLC, member FINRA, SIPC