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Individual annuity questions If dont find your question or answer here, please contact us online or call 800.366. 6654.
The balance is credited with the current dividend interest rate (5.0% for most policies in 2023) to determine the end-of-year accumulated value.
Dividend-paying whole life insurance is a type of permanent life insurance policy that offers both a death benefit and the potential to receive dividends from the insurance companys profits. These dividends are not guaranteed and depend on the insurers financial performance.
The interest rate component of the 2023 dividend scale for Penn Mutual whole life products sold since 2008 is 5.75%. The rate for older products varies. For dividend accumulations in 2023, the credited interest rate will remain at 3.5%.
As a result of the acquisition, Ohio National would demutualizemeaning that existing policyholders were paid for their ownership stake. Ohio National would then become a stock company owned by shareholders.
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Weve gathered our most frequently asked questions for you. If you dont find your question or answer here, please contact us at 800.366. 6654.
For 2022, Penn Mutual is set to payout of $123 million to eligible policyholders with a dividend interest rate of 5.75%. For more on this dividend paying whole life insurance company, please check out Penn Mutual review.
Ohio National Whole Life Insurance Non-Guaranteed Dividend Lets start with the non-guaranteed dividend. The projected 2023 dividend in 2017 was $7,346. The projected 2023 dividend in 2022 dropped to $4,320.

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