What is a Life Insurance Dividend?

What is a Life Insurance Dividend?

A life insurance dividend is a non-guaranteed payment from the insurance company to the policy owner representing profits the company earned during the policy year.  Insurance companies often view dividends as a sharing of the surplus created by their insurance activities among policyholders whose insurance contracts generate profits beyond the insurer’s expectations. A dividend also …

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How to Achieve Paid-up Status on a Whole Life Insurance Policy

How to Achieve Paid-up Status on a Whole Life Insurance Policy

Whole life insurance paid-up status occurs when you do one of two things.  First, you reach paid-up status when you make the required number of premium payments stipulated in the insurance contract.  Second, you can electively create a paid-up whole life policy by triggering the reduce paid-up nonforfeiture benefit of a whole life policy. How …

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Ohio National Life Announces 2021 Dividend

Ohio National 2021 Dividend

The Ohio National Life Insurance Company announced its plans to pay participating policyholders around $100 million in dividends in 2021.  This payment roughly the same total dividend payment to all participating policyholders in 2020. In a press release, Ohio National’s President and COO noted the current low interest rate environment’s impact on dividends given adjusted …

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MassMutual Announces 2021 Dividend

MassMutual Announces 2021 Dividend

The MassMutual Life Insurance Company today announced its plans to pay participating policyholders $1.7 billion in dividends in 2021.  This payment equals the same total dividend payment to all participating policyholders in 2020. In today’s press release, MassMutual noted business diversity in its strong business performance in non-participating life insurance that continues to bring additional …

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