Penn Mutual Gives 3.87% Inflation Increase For Inflation Protector Variable Annuity
PR Web |
This combined variable annuity and living benefit product is designed to help clients protect their retirement income from the damaging effects rising inflation can have on their money. It provides an income base that increases with the greater of the changes in the Consumer Price Index (as measured by the CPI-U, up to a cap of 6%) or market performance annually in both the deferral and withdrawal phases. A variable annuity is a long-term financial retirement vehicle, subject to market fluctuations and may lose value, and is subject to certain fees and expenses, which are not normally associated with other investment vehicles.
Inflation Protector also features two withdrawal options, guaranteeing income for up to 20 years, or for a lifetime, and withdrawal percentages can be as high as 6% depending on the age of the annuitant and how long the contract has been in force at the time of the first living benefit withdrawal. It provides clients flexible access to their money, without triggering the start of living benefit income, and both Single Life and Joint Life Guarantees are available. Early withdrawals may result in tax penalties and the payment of contingent deferred sales charges. All guarantees are based upon the claim-paying ability of the issuer.
About
Since 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through
For more information about Penn Mutual’s Inflation Protector Variable Annuity, please visit http://www.pennmutual.com. Investors should consider the investment objectives, risks, charges, and expenses of a variable insurance product carefully before investing. Please carefully read the prospectuses for the relevant variable insurance product and its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from your financial professional or go to http://www.pennmutual.com.
Penn Mutual’s Variable products are principally offered through
This announcement is not meant as a solicitation in the state of
Product and features may not be available in all states. Policy form numbers are ICC10-LVA, ICC10-GMWB. (Policy form numbers vary by state.)
2012
A2RB-0314-05
Contact:
(215) 790-7800
jlee(at)karmaverse(dot)com
(215) 956-7907
bratz.keith(at)pennmutual(dot)com
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