Northwestern Mutual to Pay Policyowners $5.3 Billion in Dividends
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"I am incredibly proud of the value we are delivering to our policyowners through dividends," said
"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
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