PennMutual – Indexed Universal Life Rate Changes Effective June 1, 2021

From PennMutual

Effective June 1, 2021 caps will be changing on all of Penn Mutual’s current and previously
sold Indexed Universal Life products. There will be no changes to our IUL product floors,
spread rates, participation rates, asset charges, index credit enhancements or policy value
enhancements (including the Supplemental Term Rider).

The adjustments will support our ability to deliver long-term value and remain a strong, stable
company for our financial professionals and policyholders.

Implementation

The new rates will be live in the Life Solutions Illustrator on June 1. The changes will apply to
new and inforce policies and impact all premium payments, transfers and rollovers allocated to
indexed accounts on or after June 1, 2021. Clients will see the cap rates associated with their
policy in their monthly Indexed Account Performance Report available via the Client Portal or in
their next annual statement.

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