Penn Mutual offers more choice with Accumulation Variable Universal Life
January 17, 2024 by The Penn Mutual LIfe Insurance Company
Diverse accumulation options cater to nearly every risk tolerance and preference
HORSHAM, Pa., Jan. 16, 2024 /PRNewswire/ — The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced the addition of Accumulation Variable Universal Life (VUL) to its life product portfolio. Issued through Penn Mutual’s wholly owned subsidiary, The Penn Insurance and Annuity Company, Accumulation VUL offers a diverse selection of accumulation options, including lower-fee investment options managed by Vanguard — one of the nation’s most well-known investment management companies — and indexed fixed accounts tied to the S&P 500® Index.
“In addition to providing permanent death benefit protection, Accumulation VUL has built-in diversity and flexibility that lets clients choose from a wide range of accumulation options based on their evolving needs or market conditions,” said Jacqueline Fallon, vice president of product management at Penn Mutual. “Choice matters — especially when it comes to accumulation-based life insurance products. Adding Accumulation VUL to our life portfolio helps solidify our position as a go-to variable universal life provider.”
With Accumulation VUL, clients can take advantage of:
- Unlimited growth potential at a lower cost. Lower-fee Vanguard variable investment options span a range of asset classes and risk tolerances.
- Significant growth potential with reliable downside protection. Three indexed fixed accounts tied to the S&P 500® Index provide downside protection through guaranteed 0% floors and help support strong growth potential across a range of market conditions.
The addition of Accumulation VUL reinforces Penn Mutual’s commitment to offering competitive life insurance products that can help clients protect their loved ones while also helping them achieve personal goals during their lifetime.
About The Penn Mutual Life Insurance Company
For more than 175 years, Penn Mutual has been helping people get stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly-owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC. Visit Penn Mutual at www.pennmutual.com.
©2024 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044
All guarantees are based on the claims-paying ability of the issuer.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product.
Accumulation Variable Universal Life (ICC23-PI-VFL) is a flexible premium, adjustable variable universal life insurance policy offered by the Penn Insurance and Annuity Company, a wholly-owned subsidiary of The Penn Mutual Life Insurance Company. Policy form numbers vary by state. Product availability and features may vary by state. This product is not offered in New York.
This product is not sponsored, endorsed, sold, promoted or guaranteed by The Vanguard Group, The Vanguard Marketing Corporation, the Distributor of the Vanguard Funds, or their respective affiliates; and none of such parties make any representation regarding the advisability of investing in such product(s), nor do they have any liability for any errors, omissions or interruptions of the funds. The Vanguard Group and its affiliates are independent of and unaffiliated with The Penn Mutual Life Insurance Company and its subsidiaries.
Our variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637, www.htk.com. HTK is a wholly-owned subsidiary of The Penn Mutual Life Insurance Company. Our variable products are also offered through registered representatives of approved broker-dealers.
The variable investment options offered with Accumulation Variable Universal Life are not offered by The Penn Insurance and Annuity Company or The Penn Mutual Life Insurance Company for direct investment outside of the life insurance policy.
SOURCE The Penn Mutual Life Insurance Company