Northwestern Mutual to pay $5.3 billion through dividend payout

Freeman Staff

Oct. 26, 2017

MILWAUKEE — Northwestern Mutual will offer $5.3 billion in a 2018 dividend payout to its policy owners, according to a Wednesday announcement.

According to the Milwaukee-based company, this continues a record of 147 years that Northwestern Mutual has made a dividend payout.

“I am incredibly proud of the value we are delivering to our policy owners through dividends,” said John E. Schlifske, chairman and CEO of Northwestern Mutual, in a statement. “For more than 160 years we’ve been managing our business effectively and acting in the best long-term interest of our clients, so we’re able to offer excellent product value and service for a lifetime of financial security.”

Policy owners who own whole life insurance, disability insurance and some annuity products are eligible for dividends, and they have a choice and flexibility with respect to how dividends can be used. Their options include: to reduce the cost of premiums; take in cash; or, for life insurance, increase the cash value and/or death benefit.