Fixed index annuity review and rates

Premier Foundation Plus (High Premium)

A Premier Foundation Plus Indexed Annuity is a financial vehicle that can be a key part of a well-designed retirement strategy, providing a guaranteed stream of income that will last your entire lifetime. Premier Foundation Plus helps jump-start your retirement savings by boosting the premium payment you make into your annuity between 3%-5%. That can really add up if you have larger amounts to invest, and have a longer time horizon until retirement. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
10-Year Fixed Account
4% Fixed
1-Year S&P 500 PTP Cap
Point to Point
8.25% Cap
1-Year S&P Global Broad Market PTP Cap
Point to Point
7.85% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 8% 8% 7% 6% 5% 4% 3% 2% 1% 1%
Penn Mutual Life Insurance Company
Founded: 1847
A.M. Best: A+
Fitch: AA-
S&P: A+
Moody's: Aa3
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, IRA, IRA-Roth, Stretch IRA, and NQ Stretch