Northwestern Mutual To Pay Policyowners Largest-Ever $6B Dividend Payout

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Northwestern Mutual introduced immediately that its policyowners will obtain an estimated $6 billion by the corporate’s 2020 dividend payout.

That is anticipated to each lead the insurance coverage business and be the best within the firm’s historical past. The corporate credit this document payout because of its cautious enterprise administration – retaining bills low, making certain sound underwriting and investing properly.

“For greater than 160 years, we have delivered long-term monetary safety for our policyowners – empowering them to dwell the life they select,” stated John E. Schlifske, chairman, president and CEO of Northwestern Mutual. “As soon as once more, we have remained steadfast in our dedication to our policyowners – together with sharing our success by dividends.”

Policyowners who obtain dividends (i.e. house owners of entire life insurance coverage, time period insurance coverage, incapacity insurance coverage, and lots of annuity merchandise) have a number of choices for the best way to use their annual dividends, together with rising the amassed worth of their life coverage, lowering the price of their premiums, or taking their dividend in money.

Enterprise Highlights
Stewardship of the enterprise is important to Northwestern Mutual’s continued skill to pay annual dividends. The enterprise is stronger than ever, and key contributing elements embrace:

Mortality and expense expertise: Seventy % (almost $three.eight billion) of the anticipated 2020 life dividend payout is predicated on our mortality and expense expertise.
Funding efficiency: The corporate’s Basic Account portfolio contributed virtually one-third (over $1.5B) of the anticipated 2020 life dividend payout.
Shopper expertise: Northwestern Mutual reimagined its core life insurance coverage product with the current launch of the simplified, extremely customizable Complete Life Plus. It has additionally streamlined the appliance course of and lowered underwriting approval time for candidates for all times insurance coverage and now incapacity merchandise.
Monetary power: Northwestern Mutual goals to pay the best degree of dividends potential whereas upholding its unquestionable monetary power. The corporate has the best monetary power scores awarded to any U.S. life insurer, together with current reaffirmations by Moody’s, S&P World Rankings and Fitch Rankings.

For extra data, see Our Dedication to Monetary Power and How We Decide Dividends on northwesternmutual.com.

About Northwestern Mutual
Northwestern Mutual has been serving to households and companies obtain monetary safety for greater than 160 years. By way of a particular, customized planning strategy, Northwestern Mutual combines the experience of its monetary advisors with a digital expertise to assist its purchasers navigate their monetary lives every single day. With $272.2 billion in belongings, $28.5 billion in revenues, and $1.eight trillion price of life insurance coverage safety in drive, Northwestern Mutual delivers monetary safety to greater than four.5 million individuals with life, incapacity revenue and long-term care insurance coverage, annuities, and brokerage and advisory companies. The corporate manages almost $150 billion of investments owned by its purchasers and held or managed by its wealth administration and funding companies companies. Northwestern Mutual ranks 111 on the 2019 FORTUNE 500 and is acknowledged by FORTUNE® as one of many “World’s Most Admired” life insurance coverage corporations in 2019.

Northwestern Mutual is the advertising and marketing title for The Northwestern Mutual Life Insurance coverage Firm (NM), Milwaukee, WI (life and incapacity insurance coverage, annuities, and life insurance coverage with long-term care advantages) and its subsidiaries. Subsidiaries embrace Northwestern Mutual Funding Providers, LLC (NMIS) (securities), broker-dealer, registered funding adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Administration Firm® (NMWMC) (fiduciary and fee-based monetary planning companies), federal financial savings financial institution; and Northwestern Lengthy Time period Care Insurance coverage Firm (NLTC) (long-term care insurance coverage).

 

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