In addition to providing an income-tax-free death benefit, the IUL also provides top-tier competitive cash value growth that consumers can access through loans or withdrawals at any time.
The new product offers five diverse indexed account options – each with a variety of built-in guarantees – designed to perform uniquely across multiple market scenarios. The Accumulation Builder Flex IUL presents a tax-efficient, flexible death benefit solution that provides consumers strong upside potential with guaranteed downside protection, including a guarantee of at least 1% interest growth. The Accumulation Builder Flex Index Universal Life (IUL) and Diversified Advantage Variable Universal Life (VUL) products equip consumers with robust allocation options and propels Penn Mutual forward as a strong competitor in the market with an emphasis on new and unique indexed accounts. HORSHAM, Pa.-( BUSINESS WIRE)-Penn Mutual recently released two new universal life products, expanding on its comprehensive portfolio.
