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Life Insurance · Quick Access Links · Benefits · How to Apply. Quick, affordable coverage with an online application and no medical exam required. View plan details. The Penn Mutual Life Insurance Company The Penn Insurance and Annuity Company ® Application for Individual Life Insurance COMPACT A. Proposed Insured (PI 1). Instant life insurance can give you coverage as soon as the same day you apply. Learn how an instant term life insurance policy works. Application - A statement of information made by a person applying for life insurance. It helps the life insurance company assess the acceptability of risk.
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