Penn Mutual Product Update: Accumulation Builder Flex IUL

Penn Mutual’s Accumulation Builder Flex IUL remains mostly the same after updating for AG49-A. The only substantive difference is the reduction in maximum illustrated rate but not the cap on their High Cap S&P 500 Indexed Account to 6.71% from 7.02%. This causes some reductions to illustrated income and increases to premium when using the maximum interest assumption. Other allocations are unaffected by the transition and values remain the same when assuming either a 5% and 6% illustrated rate. 

Rates were made available on the LifeTrends website on Friday, November 6th.