Updated Nov 4th, 2020
Whole Life Insurance Dividend Rate History
Whole life insurance performance is highly dependent on dividend rates. So we wanted to have an updated list of Whole Life Insurance Dividend History.
We also go back to give you average rates for the past 5, 10, 15 and 20 years. This can help you understand were each company ranks historically.
The next table is only relevant for participating policies. Participating policies pay a dividend, and it is a huge part of the performance of the cash value.
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What is participating policy?
A participating policy is one that pays dividends to the policy holder. The most competitive participating policies are from mutual companies.
The reason mutual companies pay dividends is because they do not have stockholders. So the only dividend they pay is to policyholders.
Why is the history of whole life dividends important?
We can take the highest dividend companies from today and pick the best one. However, we prefer to use today’s rates and historical rates because it will give us a better idea of how the dividend will perform in the future.
Even-though the past performance doesn’t indicate future performance.
We took the following Historical Whole Life Table that has incredible data, and updated the numbers:
We will keep updating it, and feel free to contact us, so we add a company.
|New England Financial||4.65||4.65||4.65||4.65||5||5||5||5||5.25||5.25||5.25||5.5||5.5||6|
|New York Life||6.1||6.0||6.1||6.3||6.2||6.2||6||5.9||5.8||6.11||6.11||6.14||6.79||6.79|
Whole Life Insurance Dividend Rates for 2021
We are starting to get results on the 2021 announcements for dividends. As they come in we will update the list.
|New York Life||–|
Whole Life Insurance Dividend Rates for 2020
At the end of the year, most companies start announcing their dividend rates for next year. Here are the whole life dividend rates for 2020 ahead of time. As we become aware of more, we will list them out.
|New York Life||6.1|
Whole Life Insurance Dividend Rates for 2019
Here is the full 2019 whole life dividend list from the largest and most important carriers.
|New York Life||6.0|
Whole Life Insurance Dividend Rankings for 2018
Here is a quick summary of the dividend rate from some of the largest/best companies that offer whole life insurance.
|New York Life||6.2|
Whole Life Insurance Dividend Rankings for 2017
Here are the ranking for 2017. We have all the numbers for all years, but this will make it much easier to read. In the following table, we ranked the companies that are still popular and are still selling whole life insurance products.
In reality, you can see that these are large mutual companies.
|New York Life||6.2|
Whole Life Insurance Dividend Rates Historical Averages
It can be hard to understand all the data, so we created a simpler way for you to look at the information. We have the 10 year and the 15 year averages for the whole life dividends.
|Company Name||10 yr average||15 Yr Average|
|New England Financial||5.10||5.40|
|New York Life||6.15||6.32|
We used the previous tables, and in addition we used the dividend analysis found at InsuranceProBlog to add more validation to our results (their report).
Our rating for current whole life dividend strength:
MassMutual has a current dividend of 6.2%, which ranks #1 in 2020. Also, we ran a historical analysis and found:
- 15 year average of 7.14% which also ranks in #1
- Ten year average of 7.07% which also ranks in #1
That is why it is our best pick for the top whole life insurance dividend.
Foresters always announce their dividend rate for the previous year, unlike other companies. So they are still one year back. We rank the “new” kid in town as #2 in terms of dividend strength. At 6.23%, Foresters has the second-highest dividend for 2019 and is positioned to have a good outlook in 2020.
#3 Penn Mutual
Penn Mutual has a current dividend of 6.1%, which ranks #2 for 2020. Also, Penn has always had a very stable dividend, even in a decreasing interest rate environment. They use direct recognition on the whole life contracts.
Do you have a dividend-paying whole life that you would like us to add?
The dividend rate is not everything. However it helps grow cash value in a whole life.
To learn a little bit more about whole life insurance you should read: