Ratings:

A.M. Best A+
Fitch AA-
S&P A+
Moody's Aa3
Comdex 93

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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Premier Foundation Prime

The Penn Mutual Life Insurance Company, first founded in 1847, has become a pivotal player within the life insurance and annuities market. Their key objectives reside in creating tailored life insurance policies for clientele rather than taking on a one-size-fits-all approach. Essentially, Penn Mutual strives to help customers find confidence in their financial future through product offerings that include a variety of life insurances (whole, term, and universal), as well as a range of annuity types (traditional and market-linked). Since its inception, Penn Mutual has consistently held high financial strength ratings from top-drawer rating agencies like A.M. Best, Moody’s, or even Standard & Poor’s. Holding a rating of “A” or higher for nearly the last 100 years, Penn Mutual is one of the leading life insurance companies on the planet.

Premier Foundation Prime

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Ratings:

A.M. Best A+
Fitch AA-
S&P A+
Moody's Aa3
Comdex 93

About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

8 Years

Surrender schedule

8%8%7%6%5%4%3%2%

Fee withdrawal:

10%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$5,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA-Roth, Stretch IRA, and NQ Stretch

A Premier Foundation Prime 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. It may be a great fit for your retirement plan — especially if you won’t have a need to access or move your funds in the very near future.

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
8-Year Fixed Account	Fixed	3.2% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	6.2% Cap
1-Year S&P Global Broad Market PTP Cap	Point to Point Annual	5.8% Cap
8-Year Fixed Account	Fixed	3.4% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	6.7% Cap
1-Year S&P Global Broad Market PTP Cap	Point to Point Annual	6.3% Cap

Surrender schedule

Year	1	2	3	4	5	6	7	8
Penalty	8%	8%	7%	6%	5%	4%	3%	2%

Riders

Name	Inbuilt	Fee
Guaranteed Growth Withdrawal Benefit Rider	No	0.90% annually (2.00% max)
Inflation Security Withdrawal Benefit Rider	No	1.05% annually (2.00% max)

Waivers

Terminal Illness

Waiver of surrender charge on withdrawals after first contract anniversary if diagnosed with fatal injury or illness. Subject to state availability, contract must be issued prior to 75th birthday. Maximum amount of withdrawal under waiver $500,000 (per contract owner).

Disability

Waiver of surrender charge on withdrawals after first contract anniversary if disabled as defined in section 72 (m)(7) of the Internal Revenue Code. Subject to state availability, contract must be issued prior to 75th birthday. Maximum amount of withdrawal under waiver $500,000 (per contract owner).

Confinement

Waiver of surrender charge on withdrawals after first contract anniversary if confined to medical facility (prescribed by physician). Subject to state availability, contract must be issued prior to 75th birthday. Maximum amount of withdrawal under waiver $500,000 (per contract owner).

Premium Notes

Premium Notes

Minimum Initial Payment: $25,000
Minimum Subsequent Payment: $1,000
Subsequent payments allowed within the first 45 calendar days and must be listed on application.
Maximum Payment: $5M cumulative limit across all annuity contracts

Withdrawal Provisions

Annual Free Withdrawal
Free withdrawal up to 10% of contract value as of the latest anniversary without surrender charge (available starting the first day of second contract year)

Partial withdrawals
Minimum withdrawal is the lesser of $500, RMD, and annual free withdrawal, if available

Systemic withdrawals