Northwestern Mutual to Pay Policyowners $5.3 Billion in Dividends

By a News Reporter-Staff News Editor at Investment Weekly News -- Northwestern Mutual announced that its policyowners will receive an estimated $5.3 billion through its 2018 dividend payout. This marks a continuous record of 147 years that Northwestern Mutual has made a dividend payout, an accomplishment the company has achieved through careful business management and investment stewardship - keeping operating expenses low, ensuring sound underwriting and investing prudently.

"I am incredibly proud of the value we are delivering to our policyowners through dividends," said John E. Schlifske, chairman and CEO of Northwestern Mutual. "For more than 160 years we've been managing our business effectively and acting in the best long-term interest of our clients, so we're able to offer excellent product value and service for a lifetime of financial security."

Northwestern Mutual's dividend payout stands out not only for its long 147-year track record, but also for the size of the payout. The company is again expected to be the industry leader in total dividends paid for both life and disability income insurance.

"Individuals turn to risk products to protect their financial security first and foremost. However, as we live longer, people are also looking for long-term value and flexibility from their financial solutions, and our products are uniquely situated to meet this full spectrum of needs," said Schlifske. "Today's ultra-low interest rates have driven the yields of high-quality fixed-income investments, that many investors rely on for low-risk growth, to historic lows. Yet our products continue to provide superior value that's undeniably attractive to our policyowners in today's environment."

Policyowners who own whole life insurance, disability insurance and some annuity products are eligible for dividends, and they have a choice and flexibility with respect to how dividends can be used. Their options include: to reduce the cost of premiums; take in cash; or, for life insurance, increase the cash value and/or death benefit.

While Northwestern Mutual seeks to pay the highest level of dividends possible, the company balances this with its aim to remain the most financially strong company in the industry. It currently maintains the highest financial strength ratings awarded to any U.S. life insurer. For more information, see Our Commitment to Financial Strengthon northwesternmutual.com .

Keywords for this news article include: Insurance Companies, Northwestern Mutual, Investment and Finance.

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