MassMutual announces 2021 estimated dividend payout of more than $1.7 billion to eligible participating policyowners
In 2021, MassMutual will payout an estimated $1.7 billion dividend payout in spite of the COVID-19 downturn that has stalled the economy. This payout reflects a 6% dividend interest rate.1 The dividend strengthens our Group Whole Life product, a permanent, participating insurance solution available to actively at work employees.
The 2021 dividend payout highlights MassMutual’s enduring financial strength and stability, demonstrating the Company’s long-term commitment to providing a competitive dividend in a historically low interest rate environment.
MassMutual’s stellar financial strength
MassMutual is one of the most stable and well-capitalized life insurers, with total adjusted capital of approximately $29 billion.2 This powerful economic foundation has helped the company endure and thrive in both good times and the challenging circumstances that we find ourselves weathering today. MassMutual is currently a Fortune 500 company with consistent recognition by Fortune as one of the world’s most admired companies. 3 Additionally, MassMutual is also recognized as a 2020 World’s Most Ethical Company.4
The value of mutuality
MassMutual is a mutual company. That means we don’t have shareholders. Instead, our members and participating policyowners are often described as sharing in our ownership. This generally means that, if you’re insured under one of MassMutual’s individual, participating whole life insurance policies, for example, you are a member entitled to vote for our Board of Directors. And if you own that participating policy, you may be eligible to share in any dividends we may declare. Although they are not guaranteed, MassMutual has paid dividends to eligible participating policyowners every year since 1869.
Why MassMutual
The importance of mutuality has never been more critical than it is today – a fact reinforced by our 2021 dividend announcement. Our commitment to live mutually to protect our policyowners remains steadfast through wars, economic depression and a public health crisis. Since 1851, Massachusetts Mutual Life Insurance Company (MassMutual®) has been operating for the benefit of our participating policyowners and members. We take a long-term approach to making business decisions focused on delivering maximum value. This long-term approach means MassMutual maintains an unwavering focus on protecting our policyowners regardless of outside economic pressures.
Every Group Whole Life certificateowner is eligible to receive dividends beginning on the second certificate anniversary. Dividend options include receipt as cash or as paid up additional insurance that can increase the amount of life insurance and cash value in the certificate.
To find out more, read the MassMutual Press Release announcing the 2021 Dividends. To see the impact MassMutual’s Dividends could have on a policy, look at The Power of the Dividend.