MassMutual Approves $1.6 Billion 2018 Policyowner Dividend Payout
Demonstrating the longstanding commitment to its policyowners and customers,
"This is truly a significant achievement that illustrates
Crandall added, "Against the backdrop of a prolonged low interest rate environment, this accomplishment embodies
The 2018 estimated payout reflects a dividend interest rate (1) of 6.40 percent for eligible participating policies. While dividends are not guaranteed,
Over the past decade,
Moreover,
"This estimated dividend payout once again demonstrates our ability to honor our commitments," said
Footnotes:
1. The dividend and dividend interest rate (DIR) are determined annually, subject to change and are not guaranteed. Dividends for eligible participating life insurance policies primarily consist of investment, mortality and expense components. The DIR is used to determine the investment component of the dividend. It is not the rate of return on the policy and should not be the sole basis for comparing insurers or policy performance.
2. Sales are classified as weighted sales, which are based on weighted annualized new premium, with single premium payments weighted at 10 percent.
3. Financial strength ratings for
4. LIMRA Facts of Life and Annuities 2017 Update
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