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Follow on Google News | Current Dividend Rates for Mutual Life Insurance CompaniesThe importance of a buying from a mutual company is never more important than when buying whole life insurance.
By: Matthew W. Dira Mass Mutual 7.00% Guardian 6.95% Northwestern Mutual 5.85% New York Life 5.80% Met Life 5.50% A second factor to consider is the company’s Comdex rating. The Comdex rating is actually not a rating but the composite of a company’s ratings from the four major rating services (Fitch, AM Best, Moody’s and Standard & Poor) for financial strength, based on a scale of 1-100. A company is considered extremely safe when the Comdex rating is over 96. New York Life 100 Northwestern Mutual 100 Guardian 99 Mass Mutual 98 Met Life 96 It is worth noting that over the last 10 years during very difficult economic conditions, Guardian has had 5 years in which their dividend has increased. Mass Mutual has had 4 such years. The other companies, Northwestern Mutual, New York Life and Met Life, have had zero. A dividend is not the rate of return on a policy but does have a major influence. These two factors combined should help you make an informed decision when purchasing whole life insurance. Please visit http://www.wholelifeinsurance.com to discuss your unique personal situation. # # # We also provide life insurance quotes and a library of knowledge and tools to help the consumer make the best decision possible for their specific goals and objectives. End
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