Penn Mutual Inflation Protector Variable Annuity offered by Penn Mutual

Introduction
Type of Product Variable Annuity
Product NamePenn Mutual Inflation Protector Variable Annuity
Offered byPenn Mutual
Company InfoPenn Mutual is the nation's se... read more
Contract and Purchasing
Minimum Premium Payment10000
Maximum Premium Payment2000000
Minimum Additional Premium Payment1000
Minimum Age at Start of Contract45
Maximum Age at Start of Contract80
Investments
Total Number of Investment Options29 [Find annuities with more investment options]
Fixed Account
Features and Benefits
Free WithdrawalsYes
Free Withdrawal Limit10
Waiver of Withdrawal ChargesAvailable
Are Telephone Transactions AllowedYes
Fees and Expenses
Minimum Total Fees and Expenses2.01 [Find annuities with lower fees and expenses]
Maximum Total Fees and Expenses3.51 [Find annuities with lower fees and expenses]
Minimum Mortality and Expense Risk Charge "M&E Fee"1.5 [Find annuities with lower mortality and expense fees]
Maximum Mortality and Expense Risk Charge "M&E Fee"1.5 [Find annuities with lower mortality and expense fees]
Administrative Fee40.00 [Find annuities with lower administrative fees]
Contract Maintenance Fee0.15 [Find annuities with lower contract maintenance fees]
Early Withdrawal Charges / Surrender Fees
Minimum Investment Management Fee0.36 [Find annuities with lower investment management fees]
Maximum Investment Management Fee1.86 [Find annuities with lower investment management fees]
Sales Compensation
Maximum Commissions5 [Find annuities with lower commissions] [Find annuities with higher commissions]
Contact Information
Company OfferingPenn Mutual
Company TypeInsurance Company
Phone Number800-523-0650
Websitewww.pennmutual.com
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

5/5 from 1 Reviews


Product Ratings and Reviews

Rating:
5
Average: 5 (1 vote)

Penn Mutual has been creating an eye opening series of products over the past several years.

The company has to be considered one of the most--if not the most--innovative life insurance companies in the variable annuity market.

The very interesting thing about this variable annuity is that it adjusts for inflation.

People may wonder how a variable annuity adjusts for inflation since the subaccounts are filled with assets such as mutual funds that may or may not track the rate of inflation.

The answer to this is that it is a guaranteed living benefit rider that allows its income base to adjust based on the rate of inflation.

There are not a lot of annuity products--variable or otherwise--in the market that provide true inflation protection.

This Penn Mutual variable annuity stands-out as an exception.

For those concerned about the potential impact of inflation or hyperinflation on retirement income, take a look at this annuity.

1,670 reads

While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.