William Penn Life, 2009 (44. évfolyam, 1-12. szám)
2009-01-01 / 1. szám
Dear Member or Annuitant, Since my previous letter to you in September, the state of our nation's economy has continued to deteriorate. Like you, I am concerned about where things are heading and how soon our country's leadership will be able to put our economy back on a positive track. Yet, despite the volatility of many aspects of the financial market, I can assure you that the William Penn Association stands strong and remains a safe, solid repository for your retirement investments. Our long-standing conservative approach to managing the Association's assets has again proven to be the wisest course. Our solvency ratio-that is, the amount of assets we maintain to cover our liabilities—is among the highest in the insurance industry. That means you can rest assured that the benefits promised in your life insurance and annuity certificates will be paid to you when due. Please keep us in mind when you are choosing a safe place to invest. We offer several attractive life insurance policies, as well as above average rates on our annuities. We can afford to offer these rates because we are here to serve our members, not stockholders, thereby passing the best rates on to you. As our longtime insured members can tell you, the WPA has not missed a dividend in 76 years. That's a record you can trust. Again, I thank you for your loyalty and wish you and yours success, good health and happiness in the new year. ■ ■■ William Penn Life, January 2009 1
