Savings Wealth AccumulationRegardless of when you begin to accumulate wealth, a successful plan will require:A long-term investment strategyA commitment to seeing that strategy throughAn understanding of your tolerance for riskAs you go through the many stages of your life, your ability to set money aside will fluctuate. This fluctuation must be factored into your long-term accumulation strategy.Today people retire earlier and live longer than previous generations. A successful plan requires asset accumulation paired with strategies that can help ensure you don’t outlive your money. But in life, there are other financial factors that must also be considered. For instance:Helping children afford college costsTaking advantage of the equity markets without undue risk of lossReducing your dependence on uncertain sources of future retirement income, such as Social Security or company pension plans.Develop a plan that's right for youYou need an effective plan for setting money aside for the future-one that will allow you to maintain your current lifestyle and is also consistent with your investment goals, risk tolerance and the amount of time you have to save. Save early and diversify your assets across a variety of investment classes to help protect against market ups and downs. Investment funds can be allocated to a number of accumulation vehicles, including:Permanent Life Insurance Provides death benefit protection and builds tax-deferred cash value that can be accessed for emergencies or to meet lifetime goals such as paying for college or enhancing retirement income.Fixed AnnuitiesPays a guaranteed rate of return and accumulates income tax-deferred.Variable AnnuitiesProvides a tax-deferred way to invest in the market with flexible payout options and protection features that can help secure your financial independence in retirement. A variable annuity is a long-term financial retirement vehicle, subject to market fluctuations and may lose value.Other accumulation vehicles include:Mutual funds which allow you the potential to accumulate money according to your investment risk tolerance. However, mutual funds are subject to market risk and may lose value.Stocks, bonds, money market funds, etc.Qualified retirement or college savings plans such as such as 401(K) or 529 plansAll guarantees are based upon the claim-paying ability of the issuer.Accessing life insurance policy cash values may result in surrender fees and charges, may require additional premium payments to maintain coverage, and will reduce the death benefit and policy values. There is no assurance that a diversified portfolio will produce better returns than an undiversified portfolio, nor does diversification assure against market loss. AnnuitiesAnnuities are investment options designed to grow funds and then provide a stream of payments to the investor at a later time. They are the “protect and spend” portion of a financial plan and are commonly used as a way to secure a steady cash flow for retirement.Penn Mutual offers a number of options that can be structured in ways that suit your specific needs:Immediate Annuities Immediate annuities are purchased with a single payment, and immediately provide an income stream. The income stream is determined by the amount of initial payment, the length of time that the payout will continue, and the number of lives being covered.Fixed Annuities Fixed Annuities are a simple, low-risk retirement planning vehicle that helps you protect your principal and allow your investment to grow over time. Your retirement savings are credited with interest at a rate guaranteed never to fall below a stated rate. Your savings can receive credited interest until you decide to receive a stream of payments.Variable Annuities Variable annuities offer a wide array of investment options that allow you to customize your investment strategy to meet your needs and risk tolerance. Variable annuities also provide protection options to safeguard against inflation and market volatility. A variable annuity is a long-term financial retirement vehicle that offers the greatest growth potential but is subject to market fluctuations and may lose value.All Guarantees are based on the claim paying ability of the issuer.Investors should consider the investment objectives, risks, charges, and expenses of a variable insurance product carefully before investing. Please carefully read the prospectuses for the relevant variable insurance product and its underlying investment options, which contain this and other information about the product. Contact a Penn Mutual Adviser who can help you determine your needs and choose the right products for you. All information will remain strictly confidential.