PENN » Topics » Life Insurance.

This excerpt taken from the PENN DEF 14A filed Apr 30, 2007.
Life Insurance.   The Company pays term life insurance policy premiums on behalf of Mr. DeAngelo and split dollar life insurance policy premiums on behalf of Mr. Ippolito and certain irrevocable trusts created by Peter M. Carlino. For further discussion of the split dollar life insurance policies, see the description under “Transactions with Related Persons” on page 44 of this proxy statement.

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