Acting in the long-term best interests of all of its policyholders, Penn Mutual has made the business decision to no longer accept applications for the following life insurance products from New York state effective April 1, 2018:
• Accumulation Builder Advantage Indexed Universal Life
• Guaranteed Protection Universal Life
• Protection Guard Universal Life
• Survivorship Plus Indexed Universal Life
Formal applications In Good Order for these products must be received in our office no later than Thursday, March 29, 2018. The policies that result from these applications must be issued and paid for by Thursday, May 31, 2018.
In accordance with existing policies’ terms, advisors may continue to service all inforce policies in New York.
Products Still Available in New York
The following life insurance products will continue to be available in New York state:
• Guaranteed Choice Whole Life
• Guaranteed Term 10-15-20
• One Year Term
Please note, there will be no change in the annuity products available in New York state.
Please call our office with any questions at 800.605.8988.