penn mutual insurance accumulation builder choice iul

In addition to the ability to insure two people, it also provides cash value growth. Survivorship Plus Indexed Universal Life: This is designed to cover the life of two people, with the death benefit paid out after the death of the surviving individual.Protection Guard Universal Life: The primary goal of this policy is to provide a guaranteed death benefit at a lower monthly premium.With a fixed annual interest rate guaranteed to never drop below one percent, you don’t have to worry about negative returns in the stock market. Accumulation Builder Select Indexed Universal Life: This type of policy is indexed to either the S&P Global Broad Market Index or S&P 500 Index.

Penn Mutual helps protect against this by providing consumers with several choices: It’s a struggle to purchase the right indexed universal life insurance policy when you only have one or two options. “Penn Mutual’s A+ Superior rating, which was reaffirmed in March 2018, ranks the second highest out of 16 rankings.”

These ratings are every bit as strong as they sound.

Aa3 (Excellent) Moody’s Investors Service.

Penn Mutual gives you peace of mind in this department, thanks to its strong financial ratings. This is a big risk, as there’s no way of knowing if the company will have the money to pay your death benefit when the time comes. You never want to buy an indexed universal life insurance policy from a company on shaky financial footing. While Penn Mutual isn’t the largest or most well-known life insurance company, it’s a solid provider with a long reputation for reliability and financial stability. They offer all of the following insurance and financial products: The most important thing here is the increase of more than $380 million from 2017 to 2018, as it shows how much the company is growing. “Total Revenue, which includes our insurance, asset management, and broker-deal businesses was $3.2 billion for 2018, an increase of $380.3 million compared to 2017. Here are three statistics that prove how well established the company is:Īs if these numbers aren’t impressive enough, consider the following excerpt from the company’s website: With more than 170 years of experience, Penn Mutual has become one of the top life insurance providers in the country. Penn Mutual, also known as The Penn Mutual Life Insurance Company, was founded in Philadelphia, Pennsylvania in 1847.

Penn mutual insurance accumulation builder choice iul