As a mutual insurance company, State Mutual does not have stockholders. The company is owned by and run for the benefit of its policyholders. The Company has assets in excess of $392 million, of which almost $30 million are surplus.
The Company has an outstanding record of providing benefits to its policyholders. Since 1985 State Mutual has paid approximately:
- $198,000,000 Dividends or 88% of earnings
- $178,000,000 Death Benefits
- $307,000,000 Other Living Benefits (including Annuity payments, Surrender Payments, Endowment Payments, Health Claims, and others)