Massachusetts Mutual Life Insurance Company (MassMutual®) announced an estimated 2023 dividend payout of $1.9 billion — the highest payout in the company’s 171-year history.
Although they are not guaranteed, 2023 marks another year since 1869 that MassMutual has paid dividends to eligible participating policyowners.
MassMutual’s overall operating fundamentals and portfolio of strategic businesses and investments continue to be a distinct competitive advantage that have generated strong earnings in a range of economic conditions. Today, the company’s total adjusted capital is over $33 billion1 and its protection in force is $918 billion1. Reflecting its long-term commitment to delivering a competitive dividend while maintaining the company’s financial strength, MassMutual has maintained a 6.00% dividend interest rate2 for its 2023 payout.
While dividends are not guaranteed, MassMutual’s participating products, including whole life and disability income insurance policies, are eligible to receive dividends. Generally, whole life policy dividends can be applied to add to a policy’s coverage and cash value, reduce premiums or policy loans, or taken as cash. Currently, three in four MassMutual policyowners elect to apply their dividends to add to a policy’s coverage and over the long term, dividends can be a very strong contributor to the growth of a policy’s cash value and death benefit.
Read the Press Release to learn more about MassMutual’s announcement. | Read Mass Mutual Dividend Interest Rate History including 2023