For example, if the index account earned 6% for the stated time period, the interest percentage actually credited to a policy with a participation rate in excess of 100% would be higher than 6% (up to the stated cap).
As long as S&P 500® growth for the 12-month segment period is less than the account’s current cap, interest credited to the policy may be enhanced by the higher participation rate. The indexed account options credit interest based on the performance of a market index (excluding dividends), up to a competitive cap.ĭifferent from Penn Mutual’s other Indexed Account options, the High Participation 1 Year S&P 500 Indexed Account provides the potential for enhanced interest based on a participation rate higher than 100 percent. This new option is one of four indexed accounts available with Penn Mutual’s Accumulation Builder Choice (SM) IUL product, which offers market-based growth potential without the risk of participating directly in the stock market. Horsham, PA (PRWEB) Ma- The Penn Mutual Life Insurance Company, a more than 167-year-old company, is pleased to announce the addition of a new High Participation 1 Year S&P 500® Indexed Account option for its Accumulation Builder Choice (SM) Indexed Universal Life (IUL) product.
