Penn Mutual introduces new Accumulation Indexed Universal Life

Published: Jul. 6, 2022 at 8:37 AM CDT

Product offers consumers protection, flexibility, cash accumulation potential

HORSHAM, Pa., July 6, 2022 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the introduction of Accumulation Indexed Universal Life (AIUL), a permanent life insurance product providing protection and cash accumulation potential backed by more than 175 years of financial strength.

Penn Mutual's new Accumulation Indexed Universal Life offers consumers protection, flexibility...
Penn Mutual's new Accumulation Indexed Universal Life offers consumers protection, flexibility and cash accumulation potential.

"AIUL offers clients strong upside accumulation potential with downside protection against market losses," said Tom Harris, president of life insurance and annuities for Penn Mutual. "It can be used as a source of supplemental retirement income or as a way to achieve business and personal financial goals through the policy's cash value. AIUL strengthens our industry-leading product portfolio and supports our unwavering commitment to helping people get stronger."

With a guaranteed death benefit protection paid to beneficiaries income-tax-free and probate-free, AIUL provides cash value growth potential with a choice of accumulation options, including six indexed accounts that earn interest based on changes in the performance of the S&P 500® Index. These multiple accumulation choices allow for market-based growth potential without the risk of losing value due to poor market performance.

AIUL includes a policy value enhancement feature that guarantees positive interest crediting each year, regardless of how the selected indexed accounts perform. The product also offers flexibility and customization through 13 built-in and optional riders, which can help policyholders enhance their coverage.

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

©2022 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044

Jeff Leinen
Penn Mutual


All guarantees are based on the claims-paying ability of the issuer.

Accumulation Indexed Universal Life (Policy form ICC22-PI-IFL) is an indexed universal life insurance policy issued by The Penn Insurance and Annuity Company, a wholly owned subsidiary of The Penn Mutual Life Insurance Company. Policy form numbers may vary by state. Products and features may not be available in all states. This product is not offered in New York.

Built-in and optional features (also known as coverage riders) may be subject to eligibility and underwriting requirements, additional premium requirements and/or minimum or maximum coverage amounts. Availability and provisions may vary by state.

Accessing cash value will reduce your policy death benefit and values, may result in certain fees and charges, and may require additional premium payments to maintain coverage. Ask your financial professional for additional information about accessing your cash value, including the potential impact on coverage guarantees and certain circumstances under which the values you access could be taxable.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and has been licensed for use by The Penn Insurance and Annuity Company. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by The Penn Insurance and Annuity Company. This product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P 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 S&P 500 Index.

Any reference to the taxation of the product in this material is based on the issuing company's understanding of current tax laws. The issuing company and its representatives do not provide tax or legal advice. Please consult your tax advisor regarding your personal situation.

This material is intended to provide an overview of the product or concept described. All information, including product features, availability, rates and other provisions is believed to be accurate as of June 2022 and is subject to change.


The Penn Mutual Life Insurance Company (PRNewsfoto/The Penn Mutual Life Insurance Co)
The Penn Mutual Life Insurance Company (PRNewsfoto/The Penn Mutual Life Insurance Co)(PRNewswire)

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