PennMutual is our first option for whole life insurance that we highly recommend to our clients, we are so proud of them. Here is a message from Elieen McDonnell, Chairman and CEO of PennMutual.
“Our Board of Trustees has approved a 2019 dividend award payout of $87 million to participating policyholders. This award represents an increase over the 2018 payout.
Throughout its 171 year history, Penn Mutual has never failed to pay dividends to eligible policyholders. This track record demonstrates our commitment to policyholders and our enduring financial strength through good and challenging economic times.
There will be a dividend scale decrease for many Penn Mutual policyholders in 2019, however, our dividend action history over the last 20 years will remain the industry’s strongest and most consistent.
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. For additional information about the dividend award or scale, please refer to the 2019 Dividend Award FAQ.”
Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.
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