Mutual Life of Massachusetts approves $1.33 billion in dividends for consumers

Mutual Life Insurance, one of the largest insurers in Massachusetts, has announced that it will pay $1.33 billion in dividends to policyholders in 2012. The dividend is a long-standing tradition for the company, extending back to 1860 when it was first introduced. Last year, the company paid out more than $105 million. This year’s large sum is due to a number of factors, including growth in the life insurance market and less competition overall. The insurer will be doling out the money throughout 2012 to eligible policyholders. Customers that have…

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