Affordable Life Insurance Protection for Your Family

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+


Life Insurance Quotes


Top Pick – Haven Life Insurance Agency

  • Get up to $2,000,000 of affordable term life insurance today
  • Apply online in under 20 minutes, start coverage today
  • Rated A++ by AM Best

 Get a Free Quote

Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.

Applicants age 60-64 are eligible to apply for up to $1 million in coverage; subject to underwriting approval.  

Some qualified applicants (U.S. citizens up to the age of 59) will be able to finalize coverage without the need for a medical exam. The majority of applicants are still required to take a medical exam.  

Keep in mind: Issuance of the policy or payment of benefits may depend upon the answers given in the application and the truthfulness thereof.

Guaranteed Acceptance Life Insurance Companies

Mutual Life Insurance Companies

Disclosure: Compensated Affiliate