The Guardian Life Insurance Company of American has announced its plans to pay $847 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 of1.3% or $10 million.
Dividend Scale for 2016
The dividend scale (or dividend interest rate) will decline from 6.05% to 5.85%. Guardian does have a unique quirk to dividends that alters the dividend for currently in force policies that could ultimately mean policyholders receive a slightly higher dividend than the current scale would pay them. Prospective policyholders, however, will receive dividends based on the new scale.
You can read the press release from Guardian here.
