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What are the benefits of Massachusetts mutual life insurance?
This depends on what type of coverage you are looking at. If you are considering Term insurance, one benefit would be that the policy is convertible to Whole Life insurance. This means that during the policy life, you are able to convert the Term insurance into Whole Life insurance without having to undergo medical underwriting.If you are considering Whole Life insurance, the biggest benefit is that Mass Mutual is a Mutual company which means it is not publicly traded. Therefore, the dividends you receive from a Whole Life policy should be greater than those with a public company. Mutual companies do not have to share profits with stock holders which is what allows them to pay higher dividends.This is not just the case with Mass Mutual, but also with Guardian, Northwestern Mutual, New York Life, etc..
What are the major differences between a mutual company vs a mutual holdings company?
A mutual life insurance company is an entity controlled by the owners of the participating (dividend paying) policies in force in that company. These are usually whole life policies. The dividends come from the companies divisible surplus. It is apportioned through complex formulae that take into account the profitability of the various series of policies in force. Factors such as better than expected mortality results, higher earnings than anticipated and savings in expenses are passed along in the form of policy dividends. Since mutual companies have no stockholders, there is no one other than the policy owners to assume the risks involved in running the company. Traditionally, mutual companies' policies have higher premiums than non-dividend paying policies from stock holder owned companies. The dividends are therefore, a return of an excess premium charge and are not dividends in the traditional sense. Most mutual life insurance companies (Prudential, MetLife, Equitable, John Hancock) converted to stock companies in the 1990s in order to better access capital markets. Others (Pacific Life, Mutual Trust) took the intermediate step of becoming mutual holding companies (MHC). The mutual company created a stock subsidiary to offer policies to the public and to conduct other related business. The stock subsidiary is wholly owned by the parent mutual company even though the mutual company no longer actively operates as a life insurance company. The policyholders of the mutual company are issued stock in the new company, or are given a cash payment that represents their share of the divisible surplus of the company. The insurance policies remain inforce for the same amount of coverage and the same premium payment. Dividends are still paid on the participating policies. Some times, the new MHC acts like a traditional mutual company emphasizing dividend paying whole life policies. In other examples, the new MHC acts more like a stock company in its product offerings, but still tend to pass along improvements to policy owners.
Who were the owner of metropolitan insurance in the 1980's?
Metropolitan Life Insurance Company was a mutual company at that time and prior to then. It converted to a stock company as many of the large mutual companies did about then. A mutual company is owned by the policyholders meaning that if you owned a Metlife policy you were technically an owner. This is why their whole life policies paid dividends instead of interest which was much better. For full disclosure, I own and operate a small Independent Insurance Agency in Georgia and have for the past 22 years. I also worked for a direct writer for the 3 years before that.
Is there a tax on money received from life insurance if paid to the insured?
The only case where the insured can collect on their life insurance is with a whole life policy. In that instance any interest or dividends are taxable.
What is a whole life insurance product?
A whole life insurance product is life insurance policy that lasts for the entire lifespan of the individual under the policy. New York Life and Mass Mutual are two popular companies that offer whole life insurance products. Check out their websites for more information.
How do I get on a limited pay life insurance plan?
Limited pay life insurance is really just a form of whole life. The difference is that the policy holder pays premiums only for a preset period of time, after which they enjoy the benefits of the policy for life. Policy holders can also borrow against this type of policy if needed, and it pays dividends.
Is a whole life insurance policy considered a personal securities account?
A whole life policy is considered an insurance product. You pay into the policy and the company agrees to pay a certain amount to your beneficiaries upon your death. A whole life policy grows cash values and in some policies dividend, however dividends are never guaranteed, which can be borrowed at an interest rate and utilized for many different things. So long as the policy doesn't lapse then the growth isn't taxable. if the policy lapses then taxes would be due on any growth above the amount paid into the contract will be taxable.
What is a universal life insurance policy?
A universal life insurance policy is a cash value type of life insurance policy. With universal life insurance, you policy may build up cash values over time, similar to a whole life policy, but typically less expensive than whole life insurance. Another feature of some universal life insurance policies is called a "no lapse guarantee" With this feature, as long as you pay your premiums, the policy is guaranteed to last to age 100 and beyond depending on the specific carrier you choose. Compare this to a whole life insurance policy where the premium requirements may vary and depend on how dividends and interest rates perform.
What is a life insurance policy?
A universal life insurance policy is a cash value type of life insurance policy. With universal life insurance, you policy may build up cash values over time, similar to a whole life policy, but typically less expensive than whole life insurance. Another feature of some universal life insurance policies is called a "no lapse guarantee" With this feature, as long as you pay your premiums, the policy is guaranteed to last to age 100 and beyond depending on the specific carrier you choose. Compare this to a whole life insurance policy where the premium requirements may vary and depend on how dividends and interest rates perform.
What is the highest whole number?
There is no highest whole number because they go on for ever.
What is zero dividend policy and what it show about the company?
Zero dividend policy refferes to the policy of share holders being sucked off hard by the director and agreeing not to pay dividends. This is then followed by an entry through the "back door" as they say, with some anal bleeding. Some may say this is the best dividend policy as all parties benefit in some sort of way, whether it be in the mouth or through the tight little whole.
Make a generalization about dividends and quotients for whole numbers?
The quotient for whole numbers will always be less than or equal to the dividend. It will never be more.
