Penn Mutual has announced its dividend for participating policies for 2013. Penn will pay out a total of $31 million in policy holder dividends, which represents a 2% increase over dividends paid out in 2012.
Despite the increase in total dividends paid out, Penn Mutual will maintain the same dividend scale as last year. The current dividend interest rate is 6.35% and will remain at that level.
Penn Mutual has succeeded at maintaining its dividend scale at the same level for the last several years.
Brandon launched the Insurance Pro Blog in July of 2011 as a project to de-mystify the life insurance industry. Brandon was born in Northern New England, and he currently calls VT home. He attended Syracuse University and graduated with a triple major in Economics, Public Administration, and Political Science.