MassMutual, Northwestern Mutual and Ohio National Set 2021 Dividends
November 17, 2020 by Allison Bell
The boards of Massachusetts Mutual Life Insurance Company, Northwestern Mutual Life Insurance Company and Ohio National and have announced 2021 dividend payout estimates.
The announcements mainly affect holders of the companies’ participating whole life policies.
Wink’s Note: Participating whole life dividend rates are being hit, just as every other interest-sensitive life insurance product is.
The 2021 dividend rates / reductions from the prior year:
– MassMutual: 6.00% / 0.20%
– Northwestern Mutual: 5.00% / 0.00%
– Ohio National: 4.70% / 0.50%