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Section: Variable Universal Life Insurance

Variable Universal Life Insurance

Variable Universal Life Optional Benefits & Riders

Protection and accumulation that adjust with your life stages

Penn Mutual’s Diversified Growth Variable Universal Life (VUL) policies are designed to allow you to create to a customized policy that best suits your unique needs and goals. If you are interested in greater flexibility, security, guarantees or a combination of all, there are optional riders that can help you to tailor your policy to meet your needs.

Many of the optional riders must be requested by you when the policy is issued and some variations may apply by state. The costs for these riders can increase the premium paid for the policy. Ask your Penn Mutual Financial Professional for more details about these and other optional riders that may be available to you.


  • Supplemental Term Rider allows you to increase coverage and enhance long-term cash accumulation
  • Additional Insured Rider extends life insurance to a family member without the need for an additional policy


  • Extended No-Lapse Guarantee Rider keeps your existing death benefit fully in force should the policy’s net cash surrender value be insufficient to cover your policy charges
  • Disability Completion Benefit waives policy charges and credits premium to your cash value if you become disabled
  • Overloan Protection Rider keeps your policy in force despite outstanding loans
  • Waiver of Monthly Deductions protects your policy if you become disabled


  • Accidental Death Benefit provides your beneficiaries with an additional death benefit should you die of an accidental death
  • Children's Term Insurance Agreement extends term coverage to your eligible children
  • Guaranteed Increase Option increases your coverage without medical evidence of insurability

All guarantees are based upon the claim-paying ability of the issuer. The values of the underlying sub-accounts are not guaranteed and are subject to market fluctuations and may lose value.

Investors should consider the investment objectives, risks, charges, and expenses of a variable insurance product carefully before investing.  Please carefully read the prospectuses for the relevant variable insurance product and its underlying investment options, which contain this and other information about the product. 

Contact a Penn Mutual Adviser who can help you determine your needs and choose the right product for you.  All information will remain strictly confidential.

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