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This product is not yet available in CA. This product is not offered in NY. Please contact your Penn Mutual Adviser for information about the permanent life products available in these states.
Gaining Peace of Mind for Two With One Cost-Effective Solution
Survivorship Plus Select Indexed Universal Life (IUL) is a permanent life insurance policy for two people that pays a death benefit after the second death. It provides:
Cash Value Accumulation
Survivorship Plus Select IUL provides a variety of ways for you to build cash value, including:
Account crediting is guaranteed to never fall below 1 percent—regardless of how the market performs.
Survivorship Plus Select IUL also includes two guaranteed enhancements designed to help maximize your policy cash value accumulation—so you can reach your goals faster.
Easy and Immediate Access to Your Cash Value
You have full access to your policy cash value and can withdraw or borrow funds from your policy at any time, for any reason—and in most cases, income-tax-free.*
This product is not offered in New York.
All guarantees are based upon the claims paying ability of the issuer.
* Accessing cash values may result in surrender fees and charges, may require additional premium payments to maintain coverage and will reduce the death benefit and policy values. Making loan repayments can help protect the policy death benefit and values. Loans and other policy withdrawals may be taxable under certain circumstances. Consult a qualified financial or tax professional for policy funding guidance.
** The S&P 500 and S&P Global Broad Market Index are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and have been licensed for use by The Penn Insurance and Annuity Company and its affiliates. Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“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. 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 and S&P Global Broad Market Index.
† This account is available for new premium allocations ultimately destined for allocation to one or more indexed accounts. A higher rate of return is not guaranteed.