Penn Mutual offers more choice with Accumulation Variable Universal Life
HORSHAM, Pa., Jan. 16, 2024 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced the addition of Accumulation Variable Universal Life (VUL) to its life product portfolio. Issued through Penn Mutual's wholly owned subsidiary, The Penn Insurance and Annuity Company, Accumulation VUL offers a diverse selection of accumulation options, including lower-fee investment options managed by Vanguard — one of the nation's most well-known investment management companies — and indexed fixed accounts tied to the S&P 500® Index.
- HORSHAM, Pa., Jan. 16, 2024 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced the addition of Accumulation Variable Universal Life (VUL) to its life product portfolio.
- Issued through Penn Mutual's wholly owned subsidiary, The Penn Insurance and Annuity Company, Accumulation VUL offers a diverse selection of accumulation options, including lower-fee investment options managed by Vanguard — one of the nation's most well-known investment management companies — and indexed fixed accounts tied to the S&P 500® Index.
- "In addition to providing permanent death benefit protection, Accumulation VUL has built-in diversity and flexibility that lets clients choose from a wide range of accumulation options based on their evolving needs or market conditions," said Jacqueline Fallon, vice president of product management at Penn Mutual.
- Adding Accumulation VUL to our life portfolio helps solidify our position as a go-to variable universal life provider."