Mutual Life Insurance Companies

What are mutual life insurance companies?

They are life insurance companies owned by their policyholders. There is no stock available for purchase on the stock exchanges.

The people who buy life insurance policies from the insurance company are the owners of the company.

Dividends are paid to the policyholders under a participating permanent life insurance policy. Dividends are not deemed as taxable distributions, but a refund of a portion of the premiums paid for the life insurance policy.

There are several ways a policyholder may use the dividends

  1. Applied to reduce premiums.
  2. Paid in cash.
  3.  Purchase additional paid-up life insurance coverage.
  4. Left on deposit with the insurance company to accumulate interest.
  5. Purchase extended term life insurance for one year in the amount a dividend can buy.


List of Mutual Life Insurance Companies and

A.M. Best Financial Ratings


Metropolitan Life Insurance   A+

Northwestern Mutual   A++

New York Life   A++

Massachusetts Mutual  A++

Principal Life Insurance   A+

John Hancock Life Insurance   A+

United of Omaha Life Insurance   A+

Pacific Life Insurance Company   A+

Jackson National Life Insurance   A+

Physicians Mutual Life Insurance Company   A

Nationwide Life Insurance Company   A+


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Mutual Life Insurance Companies


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