Company expects to pay out over $5 million in 2021
For the first time in its history, Rural Mutual Insurance has declared that they will issue a special dividend to their policyholders. The dividend is either 2% of eligible policy term premium or $50, whichever is more, and will be paid in 2021. Rural Mutual is taking this action as an opportunity to help keep Wisconsin strong amidst one of the most difficult years in recent history.
Based on the company’s positive operating results, it’s estimated that over $5 million will be paid out. Policyholders will begin receiving Special 2020 Dividend checks later this month.
“As the pandemic has caused financial uncertainty for everyone, we asked the question, ‘How can we do more to help?’” said Dan Merk, Executive Vice President and CEO of Rural Mutual. “This dividend is in recognition of these challenges and a way to support our policyholders.”
The Special 2020 Dividend is just one of the many ways Rural Mutual has supported their customers over the last year, from their Farm Dividend to their Auto Relief Program. The ultimate goal of this continued customer support is helping Wisconsin farms, families, and businesses.
For more information on Rural Mutual Insurance’s Special 2020 Dividend, please contact a Rural Mutual agent near you.