Penn Mutual Declares 2019 Dividend
Penn Mutual has announced its dividend. We have been waiting to have the actual dividend rate and we finally got it.
Penn Mutual’s 2019 dividend payout to policyholders will be $87 million.
This is a significant increase in terms of total payout, as in 2018 the total payout was $70 million.
However, Penn Mutual is decreasing its dividend interest rate from 6.34% to 6.10% for 2019. Older blocks of whole life policies have a different dividend interest rate which will decrease by 0.24% in 2019.
For a complete whole life dividend analysis, you can read: Whole Life Insurance Dividend Rate History
This decrease will impact whole life insurance cash value performance, so make sure you compare numbers once 2019 starts.
Penn Mutual is becoming one of the strong players in the life insurance business with a very strong whole life product, and very competitive IUL products.
To read our full review go here: Penn Mutual Whole Life Insurance Review.
This dividend rate still keeps Penn Mutual as one of the strongest whole life insurance policies out there.
Check out our article: Top 7 Whole Life Insurance Companies For Cash Value.
Also, you can get quote for a Penn Mutual whole life: