MassMutual announced its plans to pay participating policy holders a combined $1.6 billion in dividends. This total payout will be nearly identical to this year's total combined payout and matches 2015.
The dividend interest rate will decline in 2018 from the current rate of 6.70% to 6.40%.
For more information, check out the official press release from MassMutual.
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.