Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Northwestern To Reward Policyholders

Your article was successfully shared with the contacts you provided.

A large mutual life insurer says it will be paying the holders of its 4.2 million participating insurance policies an average of about $1,100 in dividends each in 2007.

The board of Northwestern Mutual Life Insurance Company, Milwaukee, has approved increasing the 2007 dividend total to $4.6 billion, up about 8.4% from the 2006 total, the company says.

Northwestern Mutual also says it will pay a dividend interest rate of 7.5% on unborrowed funds on most permanent life insurance policies.

Total dividend for holders of individual disability insurance policies will increase to $109 million, from $93 million, and total dividends for term life policyholders will increase to $84 million, from $60 million, the company says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.