MassMutual Demonstrates Commitment to Policyowners, Reflects Financial Strength with Record $1.7 Billion Dividend Payout
Throughout its 164-year history, Massachusetts Mutual Life Insurance Company (MassMutual) has been committed to helping millions of Americans secure their future and protect the ones they love – providing the financial guidance and solutions they need to address the most important issues in life.
Underscoring that pledge, MassMutual’s Board of Directors has approved an estimated dividend payout of $1.7 billion for 2016 to its eligible participating policyowners. The payout is nearly a $100 million increase over 2015, and the fourth consecutive year it has reached a new record. The 2016 payout also reflects a competitive dividend interest rate1 of 7.10 percent for eligible participating life and annuity blocks of business – maintaining the same rate as both 2014 and 2015, an outstanding accomplishment in an unpredictable economy.
“Today is a special day where the commitment we’ve made our policyowners is brought to life through our annual dividend payout,” said Roger Crandall, MassMutual Chairman, President and CEO. “Through nearly our entire history, our policyowners have received an annual dividend2 regardless of what is happening in our world – whether it’s through world wars, pandemics, market crashes, and most recently, a historically low interest rate environment where even three-month Treasury bills are yielding zero percent.”
Read Full Press Release