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LTC Insurer Authorizes Dividends

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Northwestern Long Term Care Insurance Company says it will be paying $3.9 million in dividends to 31,000 long term care insurance policyholders in 2007.

The board of the company, a unit of Northwestern Mutual Life Insurance Company, Milwaukee, has approved the unit’s first dividend for LTC insurance policyholders because of the unit’s strong performance, according to Northwestern Mutual.