Get New York Life Insurance Forms Election Of Dividend Option

Dividend Option Term Rider Combines a decreasing term rider with the paid-up additions dividend option. Each year, the amount of term insurance decreases automatically by the same amount as the increase in permanent insurance provided by the paid-up additions.

Record $2 billion dividend payout in 2023 New York Life declared a record dividend of $2 billion to eligible participating policy owners in 2023, the largest in company history. Paying a dividend3 for a 169th consecutive year highlights New York Life's ability to deliver ongoing, long-term value to clients.

You can choose to have your policy's dividends: Purchase Paid-Up Additional Insurance: ... Reduce the Dollar Amount of Your Out-of-Pocket Premium Payments: ... Paid in Cash to You: ... Reduce the Amount of Your Loan Payment: ... Accumulate at Interest: ... Reduce the Number of Out-of-Pocket Premium Payments:

Policyholders in New York Life Whole Life are eligible to receive dividends. Dividends provide an opportunity for the policy's cash value to grow more. Though dividends are not guaranteed, New York Life has been paying them to policy owners every year since 1854.

NEW YORK, November 22, 2021 - New York Life, America's largest1 and most admired2 mutual life insurer, today announced that the company has declared a dividend of $1.9 billion to eligible participating policy owners in 2022, the largest in company history.

Reflecting its long-term commitment to delivering a competitive dividend while maintaining the company's financial strength, MassMutual has maintained a 6.00% dividend interest rate2 for its 2023 payout.

A dividend withdrawal from your policy may result in a taxable gain reportable to the IRS on Form 1099.

The 2023 dividend scale will incorporate a 0.50% (50 bps) dividend interest rate increase across all products, driven by strong investment performance.