Page 7 - The Indian EYE 123022

DECEMBER 30, 2022 | The Indian Eye 7

Record policyowner dividend announced by MassMutual

Springfield, Mass. - Nov. 1, 2022 – total adjusted capital is over $33 billion and its protection in
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Massachusetts Mutual Life Insurance force is $918 billion . Reflecting its long-term commitment
to delivering a competitive dividend while maintaining the
Company (MassMutual) today company’s financial strength, MassMutual has maintained a
6.00% dividend interest rate for its 2023 payout.
2
announced that its 2023 dividend
payout, estimated at $1.9 billion, will set While dividends are not guaranteed, MassMutual’s
participating products, including whole life and disability
a new record for the company for the income insurance policies, are eligible to receive dividends.
Generally, whole life policy dividends can be applied to add
third year in a row. The company has to a policy’s coverage and cash value, reduce premiums

paid dividends to eligible participating or policy loans, or taken as cash. Currently, three in four
MassMutual policyowners elect to apply their dividends to add
policyowners every year since 1869. to a policy’s coverage and over the long term, dividends can
be a very strong contributor to the growth of a policy’s cash
value and death benefit.

“This year has brought no shortage “Together with our employees and network of financial
of instability and uncertainty professionals, our broad portfolio of solutions for each stage
– from geopolitical shocks, to of life, and a personalized digital experience that we are
rising inflation and supply chain constantly enhancing, we are well-positioned to help people
shortages, to volatility in the equity navigate these challenging times and help millions more
and bond markets – that have led secure their future and protect the ones they love,”
to a global economic slowdown,” added Crandall.
said Roger Crandall, chairman,
president and CEO, MassMutual.
“Yet at MassMutual, persevering through pressures like these
is what we’ve done since our founding in 1851. Our record About MassMutual
dividend payout for 2023 is a testament to our financial MassMutual is a leading mutual life insurance company that
strength and stability, long-term investment approach, is run for the benefit of its members and participating policy
and pledge to deliver ongoing value to our policyowners.” owners. Founded in 1851, the company has been continually
guided by one consistent purpose: we help people secure
MassMutual’s overall operating fundamentals and portfolio of their future and protect the ones they love. With a focus on
strategic businesses and investments continue to be a distinct delivering long-term value, MassMutual offers a wide range
competitive advantage that have generated strong earnings of protection, accumulation, wealth management and
in a range of economic conditions. Today, the company’s retirement products and services.

To Learn More:
https://www.massmutual.com/about-us

1 As of June 30, 2022.
2 The dividend and dividend interest rate (DIR) are determined annually, subject to change and are not guaranteed. Dividends for eligible participating life insurance policies primarily consist of investment, mortality and expense
components. The DIR is used to determine the investment component of the dividend. It is not the rate of return on the policy and should not be the sole basis for comparing insurers or policy performance.
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