About The Penn Mutual Life Insurance Company Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC. Visit Penn Mutual at www.pennmutual.com.
Disclosures
All guarantees are based on the claims-paying ability of the issuer. Premier Foundation Indexed Annuities (Policy form ICC16-PI-FIA) are Individual Deferred Fixed Indexed Modified Single Premium Annuities offered through The Penn Insurance and Annuity Company, a wholly owned subsidiary of The Penn Mutual Life Insurance Company. Policy form numbers vary by product and state. Products and features may not be available in all states. This product is not offered in New York. An annuity is a long-term financial retirement vehicle. Withdrawals are subject to contract provisions and will reduce the contract value, the amount used to calculate withdrawals or income payments and death benefit amounts. Withdrawals may be subject to income taxes and surrender charges and, when taken before age 59 1/2, may be subject to an additional 10 percent penalty tax. Consult your trusted financial professionals before taking income or other withdrawals. If the annuity contract is held in a qualified account or plan, such as an IRA, the tax deferral feature provides no additional benefits beyond that provided by the qualified account or plan. Available riders include: Guaranteed Growth Withdrawal Benefit Rider and Inflation Security Withdrawal Benefit Rider. (Rider forms ICC16-PI-GGWB-LS and ICC16-PI-ISWB-LS, respectively.) Form numbers vary by product and state. Optional riders carry additional cost and may not be purchased in combination. Ask your financial professional for rider details, such as product availability, eligibility, costs, features, limitations and exclusions. The S&P 500 and S&P Global Broad Market Index are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and have been licensed for use by The Penn Insurance and Annuity Company and its affiliates. Standard & Poor’s ® , S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI. Premier Foundation Indexed Annuities are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 and S&P Global Broad Market Index. Any reference to the taxation of annuity products in this material is based on the issuer’s understanding of current tax laws. The issuer and its representatives do not provide tax or legal advice. For specific questions about your personal situation, you should consult your tax advisor. This material is intended to provide an overview of the product or concept described. All information, including product features, availability, rates and other provisions is believed to be accurate as of November 2021 and is subject to change.
Not FDIC or NCUA Insured
No Bank or Credit Union Guarantee Not Insured by Any Federal Government Agency
Not a Deposit
© 2021 The Penn Insurance and Annuity Company, Philadelphia, PA 19172, www.pennmutual.com
PM8838
12/21 | 3947700CC_DEC23
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