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| [November 19, 2012] |
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The Penn Mutual Life Insurance Company Maintains Dividend Scale for 2013
HORSHAM, Pa. --(Business Wire)--
The Penn Mutual Life Insurance Company is pleased to announce that its
board of trustees has approved a 2013 dividend award that maintains the
same dividend scale as its 2012 award, allowing for equitable dividends
for qualifying policyholders. The 2013 award of $31 million represents a
two percent increase in total payout over the 2012 award.
"As a pioneer of mutual life insurance in America, Penn Mutual believes
that purchasing life insurance is the most protective, responsible and
rewarding action a person can take to build a solid foundation today and
create a brighter future for generations to come," said Eileen C.
McDonnell, President and Chief Executive Officer of Penn Mutual.
"Despite continued uncertainty in the economy, our commitment to
mutuality and our financial strength have allowed usto pay equitable
dividends to our participating policyholders, and we are proud to say
that the 2013 scale will be no different, ensuring the sound financial
stewardship of our policyholders' interests."
About Dividends and The Penn Mutual Life Insurance Company
Dividends paid to policyholders at mutual life insurance companies, like
Penn Mutual, are refunds of premium based on the actual experience of a
block of policies. In contrast, dividends at publicly held insurance
companies are paid to shareholders where the amounts of such dividends
are based on the company's overall profitability. It is important to
note that the payment and amount of policy dividends are not guaranteed.
Since 1847, Penn Mutual has been driven by our noble purpose to create a
world of possibilities. At the heart of this purpose is the belief that
life insurance is the most protective, responsible and rewarding action
a person can take, and is central to a sound financial plan. The company
is committed to helping families unlock life's possibilities through
life insurance and annuity solutions. This is accomplished through a
national network of financial professionals, who help clients make great
things possible. Penn Mutual supports its field representatives with
brokerage services through Hornor, Townsend & Kent, Inc., a Registered
Investment Advisor and wholly owned subsidiary, Member FINRA/SIPC.
2012 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham,
PA 19044
A2CD-1116-05
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