The Northwestern Mutual Life Insurance Company has announced its intentions to pay $5.6 billion in dividends to policyholders in 2016. This represents an increase over 2015 of $120 million.
The breakdown reported by Northwestern was per product line was:
Northwestern did not mention a dividend payment for long term care insurance policyholders.
The press release says, “In 2016, the company's dividend scale interest rate on unborrowed funds for most traditional permanent life insurance will be 5.45 percent.”
We'll note that the $120 million increase over last year is substantially smaller than the $300 million increase year over year from last year.
You can read the press release from Northwestern here.
Brandon launched the Insurance Pro Blog in July of 2011 as a project to de-mystify the life insurance industry. Brandon was born in Northern New England, and he currently calls VT home. He attended Syracuse University and graduated with a triple major in Economics, Public Administration, and Political Science.