New products

Flexible premium deferred annuities that offer the choice of three-, five-, seven- and 10-year products,
MultiChoice Freedom Series provide benefits such as freedom from stock market fluctuation, flexibility of withdrawals and income options, plus functionality to transfer wealth. Two of the 10-year products also provide premium bonuses: FreedomPlus provides a 5 percent premium bonus on all first and second year premiums, and FreedomExtra provides a 10 percent premium bonus on all first and second year premiums. InsurePay death benefit riders (with a 6 percent simple interest growth rate) are also available.

Variable universal life
Penn Mutual Diversified Growth VUL

To address the volatility in today’s markets, Penn Mutual’s new Diversified Growth VUL provides life insurance protection with competitive no-lapse guarantees. It is the first of its kind to offer an indexed fixed account for returns, plus guaranteed downside protection. Clients accrue interest based on changes to the S&P 500 Index, with protections including a 0 percent annual floor and a 2 percent cumulative guarantee over a five-year period.