Mutual Trust Increases Dividend Payouts for Assets 2020
What is a Dividend in Life Insurance? “The dividend is a portion of the insurance company’s profits that are paid to policyholders as if you were an investor or stockholder, these are included as your assets.” writes Frank Addessi. The short and simple is that a Dividend is a payout of the company’s profits. These dividends can be relatively large in terms of the payout. However, the size of the payout directly correlates to the company’s profit and financial status. In a recent email, Mutual Trust said: “Mutual Trust Life Insurance company will increase its dividend payout in 2020. This announcement by the Organization’s Board of Directors is based on Mutual Trust’s solid financial position and its dedication to its policyholders.”
What policies are eligible to receive Dividends?
Whole Life policies are generally the only type of life insurance that awards dividends. This benefit helps build up the account’s cash value or increase the death benefit. Just remember that not all whole life policies may be eligible. The policy could be different even if they are from the same provider. Remember to read your policy and ask these questions, or call your life insurance & annuity agent at 1-888-539-1633.
How can I use my dividend?
There are several options out there. You can get the dividend as a cash payout at the end of every year. You could use your dividend to grow the cash value of your policy. This strategy means saving money and letting it gain interest with the insurance company. Another option might be a premium reduction. You can use the dividend to reduce your premium for your coverage and assets. You can also purchase more insurance. This method grows the death benefit and leaves more money for the beneficiaries after the policyholder passes.
When is the dividend effective for Mutual Trust?
Mutual Trust will push its new dividend payouts on February 1st, 2020. You can speak to your agent about this policy or call us. We would love to help you better understand the inner workings of dividends and how they work to benefit your policy. These are assets, and they are part of your worth. Just ask to speak to the Life and Financial Department at 1-888-539-1633
Life Insurance Questions?
We hope that this information on assets was useful to you.
If you’d like to learn how we can help you plan your retirement, call Empower Brokerage at (888) 539-1633 to speak to one of our Life and Annuity experts or leave a comment down below.
Get affordable life insurance quotes by clicking here.
See our other websites: