Penn Mutual Launches Accumulation Builder Select Indexed Universal Life Product
HORSHAM, Pa. – Nov. 1, 2016 – Penn Mutual is adding to its robust stable of indexed products with the launch of Accumulation Builder Select Indexed Universal Life (IUL). This is the latest innovative offering from the Fortune 1,000 Company that has demonstrated consistently strong performance in the IUL marketplace.
Accumulation Builder Select IUL provides valuable death benefit protection and the potential for supplemental income throughout a person’s life. It is designed to help enhance upside growth potential while offering downside protection from market losses through a variety of indexed account options as well as a fixed account. And one of the key differentiators is that this new product offers two guaranteed accumulation enhancements to provide even more growth potential over time.
“Since our first indexed product offering in 2007, our strong product performance has demonstrated our ability to be a leading provider of product solutions in the marketplace,” says Andrew Martin, Vice President of Product Management at Penn Mutual. “The needs of consumers and our advisers has driven us to offer ongoing advancements to our product line. The desire to protect loved ones, while maximizing growth and future income potential, is paramount for many. When coupled with a sound financial plan, this product can help individuals and families achieve their long-term goals.”
Policies are issued by The Penn Mutual Life Insurance Company and its wholly owned subsidiary, The Penn Insurance and Annuity Company. The Penn Insurance and Annuity Company is not licensed in New Hampshire or New York. Policy form numbers: (PML) ICC12-IFL and IFL-12; (PIA) ICC16-PI-IFL and PI-IFL-16. Policy form numbers, issuing company, eligibility requirements and rider provisions may vary by state.
About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been a mutual life insurance company, domiciled in Pennsylvania. Penn Mutual is a leading provider of life insurance and annuity products delivered through a national network of financial professionals, who help clients live life with confidence. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Penn Mutual is also the parent of Janney Montgomery Scott, a full service securities brokerage, firm headquartered in Philadelphia. Both securities brokerage firms are Members of FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.