MassMutual approves $1.39 billion in dividends

SPRINGFIELD — Insurer MassMutual Financial Group has approved an estimated $1.39 billion in dividends to participating policy holders in 2013.

Company officials say it is the highest payout in MassMutual's 161-year history. The dividends include a dividend interest rate of 7 percent on all eligible participating life insurance policies, unchanged from 2012.

The estimated payout of $1.39 billion is an increase of more than 4 percent more than the $1.33 billion in 2012.

John Chandler Jr., MassMutual's chief marketing officer, tells The Republican newspaper that despite the economy in general, MassMutual continues to do well.

Chandler said whole-life insurance policies are the most-familiar of the policies that make people participating policy holders. Those holders are the owners of MassMutual, which is a mutually-held company. The dividend represents the company's profits.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Anda sedang membaca artikel tentang

MassMutual approves $1.39 billion in dividends

Dengan url

http://terdiamtersipu.blogspot.com/2012/11/massmutual-approves-139-billion-in.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

MassMutual approves $1.39 billion in dividends

namun jangan lupa untuk meletakkan link

MassMutual approves $1.39 billion in dividends

sebagai sumbernya