New Products Portfolio

Penn Mutual Adds an Uncapped Indexed Account to Select IUL Line-up

New account helps maximize upside potential

HORSHAM, Pa. – July 10, 2017 – The Penn Mutual Life Insurance Company, a Fortune 1,000 Company and leader in indexed universal life (IUL) product innovation, has enhanced its Accumulation Builder Select IUL product by offering an uncapped indexed account designed to appeal to clients seeking maximum upside potential.

The new Uncapped 1 Year S&P 500 Indexed Account offers unlimited upside potential based on the performance of the S&P 500® Index,* minus a ‘spread’ percentage established by the company. The account also provides built-in downside protection through guaranteed annual crediting of one percent regardless of index performance.

The new indexed account option reaffirms Accumulation Builder Select IUL as one of the premier products in Penn Mutual’s impressive product portfolio. The product offers strong death benefit guarantees, five distinctly different indexed accounts, a fixed account option, two guaranteed accumulation enhancements to bolster growth potential over time and a host of value-added features and options not found elsewhere.

“We believe the addition of the new uncapped account makes Accumulation Builder Select IUL the standard-bearer in the IUL marketplace,” says Andrew Martin, Vice President of Product Management at Penn Mutual. “In addition to solid life insurance protection, the product offers policyholders the potential to build significant cash value that can help support supplemental income needs and financial goals during the insured person’s lifetime. And with such a diverse spectrum of accumulation options, this product aligns well with just about any level of risk tolerance or market condition. As part of a sound financial plan, Accumulation Builder Select IUL can help provide financial security for families and small businesses—and help people unlock life’s possibilities.”

 

 

 

About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. The company is committed to helping individuals, families and businesses achieve their dreams through life insurance and annuity solutions. This is accomplished through a national network of advisers, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.