BREAKING NEWS: Northwestern Mutual Announces 2017 Dividend


The Northwestern Mutual Life Insurance Company has announced its intentions to pay $5.2 billion in dividends to policyholders in 2017. This represents a decrease from the 2016 dividend payout of $400 million.

Breakdown of Dividends Paid to Policyholders

Northwestern reported the breakdown by product line:

  • $4.4 billion to whole life policyholders.  Northwestern didn't mention this specifically, but did note that 85% of the total dividend was going to whole life policy holders.  This is a reduction of $400 million vs. last year.
  • $360 million to disability insurance policyholders
  • $165 million to term life insurance policyholders
  • $110 million to variable life insurance policyholders
  • $60 million to annuity policyholders

New Whole Life Dividend Interest Rate (Dividend Scale)

The whole life dividend scale for 2017 will decline to 5.00%.  For 2016, it was 5.45%.

You can read the press release from Northwestern here.

4 thoughts on “BREAKING NEWS: Northwestern Mutual Announces 2017 Dividend”

  1. I hate to see it drop. Still a good company, I’m glad I’m with Mass Mutual. I’ll bet Mass, Penn and others are happy to see this. Might give them a little edge selling their WL products.

  2. What does Northwestern Mutuals dividend rate drop to if I have a policy loan? I have been thinking of using the cash value to invest in some other assets but I can’t find this info anywhere.

    • Hi Jim,

      For most NML policies issued for the last several years, the dividend rate is on loaned values is 0.55% below the loan interest rate regardless of fixed or variable loan (they offer both).


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