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Section: Survivorship Plus Indexed Universal Life

Survivorship Plus Indexed Universal Life

This product is only available in CA.


Gaining Peace of Mind for Two Within One Cost-Effective Solution

Survivorship Plus Indexed Universal Life is a permanent life insurance policy designed to cover two individuals and provides:

  • Cost-effective permanent second-to-die death benefit protection
  • Strong  policy cash value accumulation potential
  • Multiple ways to access the policy cash value.

Cash Accumulation

Survivorship Plus Indexed Universal Life provides strong cash value accumulation potential with downside protection. You can build cash value in several ways:

  • Fixed Account that earns a fixed rate that is set annually and locked in for 12 months, but is guaranteed never to fall below 2 percent per year.
  • Indexed Account offers attractive growth potential based on the performance (excluding dividends) of the S&P500® Index up to a competitive cap and guaranteed not to fall below a 2 percent guaranteed annual floor.
  • 12-month Dollar Cost Averaging Account places funds in a fixed account that credits a competitive interest rate. A portion of the funds are transferred monthly to the Indexed Account which can help smooth out market fluctuations.

Who Might Benefit

Survivorship Plus Indexed Universal  Life is an attractive option for two individuals who:

  • Seek both permanent death benefit protection and cash value accumulation potential
  • Desire upside potential tied to market performance with strong downside protection
  • Want multiple ways to access their cash value to meet emergency or retirement needs
  • Want the ability to tailor their policy to meet estate planning needs by adding stronger guarantees to protect the policy from lapsing.

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.

All guarantees are based upon the claim-paying ability of the issuer.

Investing regular amounts steadily over time (dollar-cost averaging) may lower your average per-share cost, however; periodic investment programs cannot guarantee a profit or protect against a loss in a declining market. 

“S&P 500” and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by The Penn Insurance & Annuity Company and its affiliates. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Product.

You have complete access to your money and can withdraw or borrow funds from your policy for whatever reason.  Survivorship Plus Indexed Universal Life provides the option to choose between two types of loans. 

Note: Outstanding loans and withdraws can reduce your cash value and death benefit at the death of the insured.

Contact a Penn Mutual Adviser who can help you determine your needs and choose the right product for you.  All information will remain strictly confidential.

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