Non Direct Vs Direct Recognition Whole Life

[scottstreet]

I believe Penn has overloan protection available for the whole life plan.

 

[DHK]

I believe Penn has overloan protection available for the whole life plan.

Yes they do! I just looked it up with this link and it's on page 16.

http://www2.pennmutual.com/content/...individuals-families/lifeinsurance/pm6373.pdf

 

[heynow5]

Yes Penn is pretty sweet. That's who I'm using now and adding MM too. It is 55% on base but overides kick it to 80%. Maybe not the best contract for me but a top priduct for the client.

 

[ktri14]

Feel free to PM me with any questions on using custom whole life to warehouse your savable income and use it to finance big purchases or other investments. I would say that 95% of all the policies we write are for this purpose, specifically. It's what we specialize in. I would never say that anything is perfect, but we have this down very well.