Updated October 19th, 2018
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.
This table only refers to participating policies.
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 is they do not have stock holders, so the only dividend they pay is to policy holders.
Why is the history of whole life dividends important?
We can take the highest dividend companies from today and just pick the best one. However we prefer to use todays 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||5||5||5||5||5.25||5.25||5.25||5.5||5.5||6|
|New York Life||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 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 the 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:
We rank the “new” kid in town as #1 in terms of dividend strength. At 6.58% Foresters has the highest dividend for 2018 and is positioned to have good outlook in 2019.
MassMutual has a current dividend of 6.4% which ranks #2 in 2019. Also we ran a historical analysis and found:
- 15 year average of 7.14% which also ranks in #1
- 10 year average of 7.07% which also ranks in #1
That is why it is our best pick for top whole life insurance dividend.
#3 Penn Mutual
Penn Mutual has a current dividend of 6.1% which ranks #2 for 2019. Also Penn has paid the same dividend of 6.34% for 10 years which shows amazing consistency. 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, so to learn a little bit more about whole life insurance you should read:
Contact us at [email protected] and we can get you quotes for all of the previous policies.