Penn Mutual

Penn Mutual is the nation's second oldest mutual life insurer. The company provides life insurance and annuity products through a national network of producers and financial advisors who help clients meet their financial needs. The company's stated mission is to be committed to helping clients achieve a lifetime of financial security, with a focus on developing relationships with professional producers and financial advisors who help clients meet their financial challenges with confidence.
Penn Mutual Product Reviews
Penn Mutual has been creating an eye opening series of products over the past...
Products Offered


General Information
Websitehttp://www.pennmutual.com
TypeInsurance Company
Founded1847
Ownership
CountryUSA
Contact Information
Address
Philadelphia, PA 19105-0178
Phone800-523-0650
Fax215-956-7699

Information & Articles about Penn Mutual

The Penn Mutual Inflation Protector variable annuity was launched in November 2010.

This variable annuity product incorporates a living benefit feature and is designed to provide owners with an income base that keeps pace with the rate of inflation.

The income base of the Penn Mutual Inflation Protector increases based upon the greater of:

  1. The rate of inflation as measured by the consumer price index urban (CPI-U), or;
  2. Annual market performance.

The inflation increases are capped at a maximum of 6 percent.

Benefit base increases apply to both the deferral and withdrawal periods.

Today, Penn Mutual announced that the annual inflation increase for 2011 is 3.87 percent.  This inflation increase applies to the first group of buyers who purchased the product when it launched in November 2010.

Source: Penn Mutual Life Insurance Company

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