Penn Mutual Announced their 2018 dividend. This announcement will probably make Penn Mutual the #1 choice for whole life insurance in the market.
Penn Mutual’s 2018 dividend will remain at 6.34%, in contrast to the following companies that had to decrease their dividend significantly:
Here is the announcement:
I am pleased to announce Penn Mutual’s dividend scale will be maintained for 2018 and our Board of Trustees has approved a dividend award payout of $70 million to eligible policyholders. This will mark the tenth consecutive year we have increased or maintained our dividend scale. A reflection of our commitment to policyholders and strong financial standing, the 2018 payout represents a 21% increase over the 2017 payout.
Penn Mutual’s long-term, mutual perspective and prudent management approach has enabled the company to maintain a position of financial strength since 1847. Today, we are proud to carry on that strong tradition of fiscal responsibility. Thank you for the role you have played in our continued success.
You may be more interested in their 2019 dividend.
Penn Mutual is a large mutual company that sells:
- Whole Life
- Index Universal Life
- Variable Universal Life
- Universal Life
- Disability Insurance
- Long Term Care
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