Deferred Annuities offer the opportunity for an individual's purchase payments to accumulate and grow on a tax-deferred basis. Purchase payments may be made either over time or as a single payment. In order to accumulate cash value, the contract owner elects to defer the payout phase of the policy until some time in the future. The Internal Revenue Service may also restrict the amount of purchase payments made and the timing of withdrawals.

• Single or Flexible Premium Fixed Deferred Annuity are two products for simple, low-risk retirement planning that helps protect principal.

• Retirement Planner Variable Annuity designed especially for those dedicated to planning for a secure financial future. In addition to the attractive tax-deferred savings that all annuities provide, the Retirement Planner VA also offer a wide array of investment options, death benefit protection and easy access to your account value when you need it.

• PennFreedom is a variable annuity with a four year surrender period, makes it appropriate for a medium term investment horizon. Three fixed interest rate accounts with 3, 5 and 7 year guarantees.

• Enhanced Credit Variable Annuity offers a competitive payment enhancement on all purchase payments, and a wide range of investment options as well as a choice of six-month or twelve-month fixed-rate accounts for dollar cost averaging.* The payment enhancement feature, coupled with the tax-deferred benefit of investing in an annuity can help your retirement dollars work harder, giving you the opportunity to accumulate more.

Contracts offering such enhancements may have higher fees, expenses and/or longer surrender periods than contracts that do not offer such enhancements. Withdrawals that result in a surrender charge within 12 months of purchase payments will result in the forfeiture of the enhancement amount. For additional information, please consult your financial professional.

• Pennant Select Variable Annuity offers purchase payment flexibility and a wide range of investment options, including the added benefit of a six-month, fixed-rate account for dollar cost averaging*. This allows you to have the flexibility that you need and the investment control that you want.

• Growth & Income Protector: Guaranteed Accumulation and Lifetime Withdrawals
  The enhanced Growth & Income Protector Benefit is a comprehensive optional rider that offers three guarantees designed to address lifelong retirement needs.  It is available with Penn Mutual’s Penn Freedom, Pennant Select and Enhanced Credit Variable Annuities for an additional current annual charge is 0.65 percent of the contract value in the sub-account for a single contract and 0.85 percent for a joint contract.

               The three guarantees offered by the Growth & Income Protector include:

• Guaranteed income withdrawals
• Guaranteed growth and
• Guaranteed death benefit protection.

This rider is available as either single protection or joint protection for spouses, which provides additional peace of mind for retirement income throughout the lifetime of both spouses. 

Guarantees are based on the claims paying ability of the user.

Purchasing Power Protector
The Purchasing Power Protector is an innovative, optional living benefit rider providing guaranteed inflation protection on lifetime withdrawals that increase annually according to increases in the U.S. Consumer Price Index. This new optional rider is available with Penn Mutual’s Penn Freedom, Pennant Select and Enhanced Credit Variable Annuities for an additional current annual charge of 0.65% of the average monthly lifetime withdrawal base for a single contract and 0.85% for a joint contract. 

This rider is also available as either single protection or joint protection for spouses, which provides additional peace of mind for retirement income throughout the lifetime of both spouses.

Please note that early withdrawals may be subject to surrender charges, and when taken prior to age 59-1/2, may be subject to an additional 10 percent federal penalty tax.  In addition, excess withdrawals could affect the death benefit.

Find a Representative  to help you determine which type of annuity is best for you.

Please request a product brochure from a Penn Mutual financial professional for further information regarding the products discussed.

This information should not be construed as tax advice applicable to each individual.  Please consult a qualified tax advisor regarding your individual circumstances .

*Dollar Cost Averaging does not assure a profit or protect against a loss in declining markets. Such a plan involves continuous performance or safety of the underlying funds in the variable contract.

This information may not be distributed to the public unless it is preceded or accompanied by the prospectuses for the relevant variable annuity products and their underlying investment options.  Investors should carefully consider the fund's objectives, risk, charges, and expenses before investing.  Please refer to the prospectus, as it contains this and other pertinent information, carefully before investing.

Policy Form Numbers are Single Premium Fixed Deferred Annuity Flexible Premium Fixed Deferred Annuity SPDA-05 and FPDA-05, Enhanced Credit Variable Annuity BVA-00, Pennant Select VAA-98.  Policy form numbers may vary by state.