The Penn Mutual Life Insurance Company Introduces New Offerings to Meet the Needs of Older Consumers.Guarantees in Estate Protection UL and the Growth & Income Protector Benefit Help Provide Peace of Mind and Protection HORSHAM, Pa. -- Consumers are living longer and their life expectancies continue to increase. For example, a 65-year-old woman has a 50 percent chance of living to age 88 and a 25 percent chance of reaching 94.* In addition, a married couple has a better than 50 percent chance that one of them will live well into their 90s.* As a result, they will need their life insurance and retirement income to last longer too. To help these consumers enjoy the prospect of living longer, The Penn Mutual Penn Mutual traces its beginning to 1847 when it became the seventh mutual life insurance company chartered in the United States. At the time of its organization there was a general distrust of stockholder-owned corporations so it was established as a mutual owned by its Life Insurance Company recently added two new offerings to its product line. Estate Protection UL The Estate Protection UL product is a flexible premium, fixed-interest guaranteed survivorship survivorship n. the right to receive full title or ownership due to having survived another person. Survivorship is particularly applied to persons owning real property or other assets, such as bank accounts or stocks, in "joint tenancy. universal life policy that covers both spouses up to age 121. (All guarantees are based upon the claims-paying ability of the insurer). So no matter how long either spouse lives, he or she can relax, knowing that the estate has death benefit protection to help cover federal estate taxes, debts, legal fees and other final expenses. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , their children and grandchildren GRANDCHILDREN, domestic relations. The children of one's children. Sometimes these may claim bequests given in a will to children, though in general they can make no such claim. 6 Co. 16. may be protected from the full responsibility of taxes and other final expenses. Growth & Income Protector Benefit The enhanced Growth & Income Protector Benefit is a comprehensive optional rider that offers three guarantees designed to address lifelong retirement needs. It is available with Penn Mutual's Penn Freedom, Pennant Select and Enhanced Credit Variable Annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. for an additional current annual charge of 0.65 percent of the contract value in the sub-account for a single contract and 0.85 percent for a joint contract. The three guarantees offered by the Growth & Income Protector include: * Guaranteed income withdrawals * Guaranteed growth and * Guaranteed death benefit protection. Plus, this rider is available as either single protection or joint protection for spouses, which provides additional peace of mind for retirement income throughout the lifetime of both spouses. "The Estate Protection UL policy and the Growth and Income Protector rider are examples of how we are assessing the consumer needs in the marketplace and responding to those needs," says Frank Howell, MSM MSM - Micronetics Standard MUMPS , CLU (language) CLU - (CLUster) An object-oriented programming language developed at MIT by Liskov et al in 1974-1975. CLU is an object-oriented language of the Pascal family designed to support data abstraction, similar to Alphard. , ChFC, Penn Mutual's senior vice president of Sales Support. A sound provider of life insurance for 160 years, Penn Mutual enjoys a strong financial record and a reputation for honoring its financial commitments, and is continually meeting the needs of consumers by growing and expanding its product and rider offerings. For more information on the Estate Protection UL and the Growth & Income Protector Rider as well as other Penn Mutual products and riders, talk to a financial advisor or visit www.pennmutual.com, where you can also locate the nearest Penn Mutual representative. About The Penn Mutual Life Insurance Company The Penn Mutual Life Insurance Company is the nation's second oldest mutual life insurer. Founded in 1847, the company provides life insurance and annuities through a national network of financial professionals who help clients meet their financial needs with confidence. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Visit Penn Mutual on the Internet at www.pennmutual.com. Investors should consider the investment objectives, risks, charges and expenses before investing. Please carefully read the prospectuses carefully for the relevant variable product and its underlying investment options, which contain this and other information. You can obtain a prospectus from your Penn Mutual financial professional or visit www.pennmutual.com (Planning & Products tab). * Source: Annuity 2000 Mortality Table; Society of Actuaries Mission Statement The Society of Actuaries is a professional organization for actuaries based in North America. Its headquarters are located in Schaumburg, Illinois. This presentation has been prepared based on Penn Mutual's current understanding of federal estate tax laws. Any changes in these laws may result in a different conclusion. Please consult a qualified legal and tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in regarding your personal situation. VA policy form numbers: Pennant Select :VAA-98; Penn Freedom: LVA-01; Enhanced Credit: BVA-00 (Policy form numbers may vary by state.) Securities offered through Hornor, Townsend & Kent, Inc. (HTK HTK Hard to Kill HTK Hidden Markov Model Toolkit (speech recognition) HTK Hit To Kill ), Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in , Member NASD/SIPC, 600 Dresher Road, Horsham, PA 19044/215-957-7300. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company. A7CL-0116-02 [c] 2007 The Penn Mutual Life Insurance Company Philadelphia, PA 19172 www.pennmutual.com |
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