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.
Northwestern reported the breakdown by product line:
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.
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.