New York Life Predicts 5.6% Increase in 2020 Dividend Payments

The company pays dividends on participating life insurance policies and participating income annuities.

New York Life noted in the 2020 dividend announcement that it has 12,000 financial professionals in its agent force.

Other mutual life insurers have also started announcing their 2020 dividend rates.

Northwestern Mutual Life Insurance Company recently said it expects to hold the dividend interest rates it uses to calculate 2020 dividends steady at 5%, and pay $5.6 billion in dividends.

Massachusetts Mutual Life Insurance Company said it expects to cut the dividend rate to 6.2%, from 6.4%, and pay $1.7 billion in dividends.

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