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While everyone's needs are different, if any of the items below describe you, then you should consider purchasing life insurance:
As a lump sum, any death benefit will seem substantial. But as you weigh your decision, consider what it would take to replace your income over a period of years and/or how much it might cost to pay someone to take over some of your household duties. If you are not there your family may face a host of financial challenges, such as:
If you have saved and invested wisely, life insurance may not seem like a necessity. But will your savings be enough to sustain your loved ones over the years?
With variable life insurance, you can select from a wide variety of investment sub-accounts that cover a broad spectrum of investment styles. These top-name investment sub-account options are managed by well-known independent fund managers. Variable Universal life insurance policies are subject to market fluctuations, may lose value, and may require additional premium payment to keep the policy in force.
*All guarantees are based upon the claim-paying ability of the issuer. You can rest assured knowing that Penn Mutual has been in business for more than 165 years, helping our financial professionals meet the life insurance and financial needs of their clients.
Assuming the system stays solvent, you should be covered. However you may want to consider the following:
Your employer may provide you with some life or disability insurance. However: