Springfield, Mass. — Massachusetts Mutual Life Insurance Co. (MassMutual) has approved the payment of approximately $1.35 billion in dividends to eligible participating policyholders in 2009. The total approved payout for 2009 reflects a dividend interest rate of 7.6% on new eligible participating life insurance policies.
“MassMutual remains strategically committed to providing our policyholders with high-value products and services, and this includes providing strong dividends to our eligible participating policyholders, even during these uncertain and turbulent economic times,” says Stuart Reese, chairman, president and CEO, MassMutual. “Our approved 2009 dividend payout reflects MassMutual’s commitment to help provide financial stability and security to our policyholders, and demonstrates the company’s continued strong financial position.”
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