Filed Under:Markets, Company News

MassMutual pays record $1.39 billion in dividends to policy owners

Photo credit: Sheela Mohan
Photo credit: Sheela Mohan

Massachusetts Mutual Life Insurance Company approved the payment of an estimated $1.39 billion in dividends to eligible participating policy owners in 2013, the highest payout in the company's 161-year history, the company announced today.

The dividends to be paid in 2013, approved by MassMutual's board of directors, include a dividend interest rate of 7 percent on all eligible participating life insurance policies, a rate that remains unchanged from the prior year, the company states.

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Nichole Morford

Nichole Morford
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