Life insurance dividend options—Reach your goals

As a mutual life insurance company, New York Life has remained financially strong for over 175 years—always honoring policy commitments and, for 166 consecutive years, life insurance dividends have gone to eligible participating whole life policyowners. Dividends on whole life insurance are not guaranteed but New York Life has paid them every year since 1854.

How does it work?

As a whole life policyowner with New York Life, you’re a member of the mutual company and, as such, eligible to receive dividends on life insurance. Each year, the company carefully evaluates its investment results, claims, expenses, and results from other business lines before it considers how much to return to participating policyholders as dividends (deemed returns of premiums). If the company actually paid out less than was originally forecasted, those results can support the dividends.

When dividends are awarded, New York Life policyowners are provided with a variety of options on how their dividends can be used. Afterall, whole life dividends are returns of premiums you’ve paid.

Life insurance dividends are a fundamental part of New York Life’s business, providing policyowners with ongoing benefits. In 2020 alone, $1.9 billion in dividends are being paid to New York Life clients.

Chairman of the Board and Chief Executive Officer Ted Mathas recently said, “New York Life’s record total dividend payout exemplifies our ongoing commitment to our noble purpose as a mutual company and to delivering long-term value to our policy owners.” Annual dividends are an important way for New York Life to ensure long-term, reliable financial security to policy owners.