Penn Mutual includes several riders in the standard policy and then offers a few more, at a cost, that can enhance the policy to meet your needs.
Accelerated Death Benefit Rider - Allows access to a portion of the death benefit if the insured is diagnosed by a licensed physician to have a terminal illness that results in less than 12-month life expectancy.
Chronic Illness Accelerated Benefit Rider - If the insured becomes chronically ill and unable to perform 2 of the 6 activities of daily living, the policy owner may access some of the death benefit early, to help with care.
Customize your guaranteed universal policy by adding any of these riders:
Accidental Death Benefit Rider - An additional death benefit will be paid in the event of death resulting from an accident. The maximum is $250,000 or twice the policy face value, whichever is less.
Additional Insured Term Rider - Extend term life insurance to a family member without the need to get another policy. Minimum is $50,000 in coverage the maximum is equal to base coverage on the main policy.
Children's Term Insurance Rider - Option to extend coverage to all eligible household children age 15 days to 17 years. Maximum amount per child is $25,000 and this may be converted to a permanent at age 23.
Disability Completion Benefit Rider - Will waive monthly policy charges and provide a credit toward policy cash value if a disability occurs. There is a 4 month waiting period.
Guaranteed Increase Option Rider - Allows you to increase your life insurance coverage amount at certain dates without having to go through new medical underwriting. New coverage is guaranteed regardless of deteriorating health. Each increase can be between $25,000 and $250,000.