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A participating whole life insurance policy from MassMutual offers a variety of benefits, guaranteed death benefit protection, guaranteed level premiums, cash value accumulation, and income tax advantages, but it also offers the potential to receive policy dividends. While dividends are not guaranteed, MassMutual has paid them to eligible participating policyowners every year since 1869.
The eligibility to receive dividends is an important part of the overall value that MassMutual participating whole life insurance offers. Clients have several options for how they can elect to use any dividends they may be eligible to receive. They can elect to receive them in cash or choose an alternative dividend option including the following:
The most commonly elected dividend option at MassMutual is paid-up additions (PUAs). With this option, any dividends received will purchase additional whole life insurance, which will also be eligible to receive future dividends. This helps clients grow their policy values over time, increasing the death benefit and cash value, which can be accessed1 when they and their loved ones need it most.
After learning the basics about PUAs, your clients may be wondering about the value they could provide over time. The comparison below of guaranteed vs. actual policy values for a whole life policy issued by MassMutual to a hypothetical insured in 19952 can help you demonstrate the real power of PUAs.
The results shown reflect the actual experience of the company during this time period, primarily with respect to investment results, mortality, and expenses. Dividends paid in future years will be lower or higher than illustrated, depending on MassMutual's operating experience over time.
As mentioned previously, while dividends are not guaranteed, MassMutual has a strong track record of paying them to eligible participating policyowners. In fact, dividends have been paid every year since 1869.
$2.5B+
Estimated dividend payout in 20244
157 years
Of consecutive annual dividend payments to participating policyowners
6.40%
Dividend interest rate (DIR) in 20254
19 years
Of industry-leading DIRs among core mutual competitors