Dividend comparison

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Dividend comparison

  1. 1. CompetitiveNewsletter Insight for ProducersMassMutual and key competitors’Newsletter Headlinedividend interest rate actionsThis chart gives you a sense of competitors’ current and historical dividend interest rates. The dividendinterest rate is not the rate of return on the policy. Dividends are composed of an investment component, amortality component and an expense component. The way companies apply dividend interest rates to calculatedividends varies. Some companies quote gross rates. Others, including MassMutual, quote rates that arenet of investment expenses only, while yet others quote rates that take additional items into consideration.For these reasons, dividend interest rates should not be the sole basis for comparing insurers or policyperformance. However, historical trends can provide some insight into how other companies have respondedto the economic climate over the past few years. Historical dividend interest rates Year MassMutual* Guardian MetLife New York Life Northwestern 2002 8.05 8.00 7.35 7.32 8.60 2003 7.90 7.00 7.10 6.79 8.20 2004 7.50 6.60 6.60 6.79 7.70 2005 7.00 6.75 6.60 6.79 7.50 2006 7.40 6.50 6.25 6.79 7.50 2007 7.50 6.75 6.25 6.79 7.50 2008 7.90 7.25** 6.25 6.79 7.50 2009 7.60 7.30 6.25 6.14 6.50 2010 7.00 7.00 5.75 6.11** 6.15 2011 6.85 6.85 5.50 6.11 6.00 2012 7.00 6.95 5.50 5.80 5.85  * efers to the MM-TBCC block of business, which comprises policies issued after the merger of Massachusetts Mutual Life Insurance Company and the R former Connecticut Mutual Life Insurance Company in 1996** Company adjusted the method of dividend calculation in this yearSources: 2002-2011 Full-Disclosure/Blease Research, 2011 Company Press Releases FOR PRODUCER USE ONLY. NOT FOR USE WITH THE PUBLIC.© 2011 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name forMassachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives.LI7261  1211 CRN201211-153989

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