June 2009 Policy Showcase

Penn Mutual
Indexed Universal Life

The Penn Mutual Life Insurance Company, Horsham, Pa., and its wholly owned subsidiary, The Penn Insurance & Annuity Company, have launched Survivorship Plus Indexed Universal Life (IUL), a combination of indexed life guarantees for two individuals -- either married couples, business partners or other two individuals with a mutual insurable interest -- who desire protection, cash accumulation potential and flexibility in reaching their goals. All guarantees are based upon the claim-paying ability of
Penn Mutual.

Because it covers two individuals in a single policy that pays out after the second death, Survivorship Plus IUL can offer significant cost savings over two comparable individual policies. For couples whose protection needs call for a death benefit after the first insured's death, Survivorship Plus IUL offers an optional First Death Benefit Rider. The product also offers a host of other options and riders that make it possible to customize coverage based on each policyholder's specific situation and needs, including an extended no-lapse guarantee rider that can be added to extend beyond the 20-year base no-lapse guarantee (varies by issue age) up to age 121 of the younger insured.

Survivorship Plus IUL gives policyholders a minimum annual 2% interest rate floor on policy value accumulation that will be credited monthly, a guarantee that the policy cap percentage on potential indexed interest will never be less than 10% and most importantly, a no-lapse death benefit rider that can extend guaranteed protection up to age 121 of the younger insured.

Survivorship Plus IUL offers an indexed account that provides market-based growth potential with built-in downside protection. For more conservative individuals, the fixed account provides a competitive fixed interest rate and a guaranteed effective annual accumulation rate of at least 2%, regardless of market conditions.

For more information, visit www.PennMutual.com.

Guardian
Disability Income

The Guardian Life Insurance Company of America (Guardian), New York, has expanded eligibility for a program that allows new and soon-to-be professionals to obtain top-level individual disability income (DI) insurance coverage based on their future earnings potential.

The Special Limits for New Professionals program provides protection for the income that advanced degree students, medical residents and those working in the first year of the following professions can expect to earn as their careers flourish -- without the earnings history that is typically required by insurers to obtain adequate levels of DI coverage:

First-year professional:
Architect
Attorney
Certified Nurse Practitioner
Certified Physician Assistant
CPA
DDS
Degreed Engineer
Optometrist
Pharmacist
Physician
Veterinarian
Computer Scientist
MBA Professional
PhD Psychologist
Podiatrist

Final-Year Student/Resident:
Dental Resident
MBA Student
Medical Resident/Fellow Pharmacy Student
Senior Dental Student
Senior Medical Student
Senior Veterinary Student
Third-Year Law School Student
Accounting
Architecture
Computer Science
Dental Specialty School
Engineering
Optometry
Podiatry Resident/Student

In addition to the new occupational categories previously not eligible for coverage, the newly-enhanced program has increased the monthly income protection benefit amount for first-year optometrists, pharmacists and veterinarians, as well as for final-year law school students, MBA program students and medical residents.

Due to the thorough underwriting required for DI, the typical, more established professional has to qualify financially, as well as medically, to obtain an individual DI policy. However, new and soon-to-be professionals applying for coverage under the company's Special Limits program are only subject to medical underwriting -- usually not a problem when one is young and in good health. Depending on the profession, their monthly income protection benefit can range from up to $1,000 for certain graduate school student categories to up to $7,5003 for qualifying first-year medical and dental professionals.

For more information, visit www.GuardianLife.com.

Assurant
Health Insurance

Assurant Health, Milwaukee, has introduced Health Access, a convenient and affordable option for individuals not receiving health care coverage from employers.

Health Access gives individuals choices in deciding what health care coverage is best for them and their families. It's a low-cost option for individuals who want coverage for routine medical care expenses when they don't have, or can't, afford full insurance.

A limited-benefit plan, Health Access covers routine medical expenses such as office visits, but not catastrophic problems, serious illness or accidents. These plans provide coverage for services people that value most like doctor office visits, prescriptions, preventive care and immunizations.

As with other limited-benefit plans, Health Access caps benefits at an amount determined by individuals. Health Access is helpful for part-time or seasonal employees and others without major medical coverage. Plans start at $40 a month and both individual and family coverage is available. Employees can keep their coverage even if they switch jobs.

Health Access has three individually tailored plans to meet employees' individual needs, and employers aren't faced with administrative details or costs.

For more information, visit www.assuranthealth.com.