Penn Mutual Announces 2018 Dividend

By November 29, 2017 March 15th, 2019 Whole Life Insurance

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:

A Message from Eileen McDonnell, Chairman and Chief Executive Officer

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.

To get a Penn Mutual whole life insurance you can run a quote here, and you can read our Penn Mutual Whole Life Review.

You may be more interested in their 2019 dividend.

Penn Mutual is a large mutual company that sells:

  • Whole Life
  • Term
  • Index Universal Life
  • Variable Universal Life
  • Universal Life
  • Disability Insurance
  • Long Term Care
  • Annuities

If you would like to get a quote with Penn Mutual just fill out our form:

 

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