The Guardian Life Insurance Company of American has announced its plans to pay $836 million in dividends to its participating policy holders. This represents the highest gross dividend payout in the company's history and a gross increase from last year of 6.6%.
The dividend scale (or dividend interest rate) will remain at its 2015 level of 6.05%.
You can read the press release from Guardian 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.