National Life board approves $83 million in dividends for 2014

The Directors of National Life Group have approved an estimated payment of $83 million in dividends to eligible participating policyholders in 2014.’
‘This payout is evidence of our financial strength,’ said Mehran Assadi, president and chief executive officer of National Life Group.
The dividends will be paid to eligible policyholders of National Life Insurance Company.
Companies with a mutual structure are not publicly traded. They are operated for the benefit of policyholders and managed with the long-term interests of the policyholders in mind.
National Life Group is a financial services company that has created better futures for millions of people since the chartering of National Life Insurance Company in 1848.
‘We have been paying dividends since 1855 when National Life Insurance Company had a balance to distribute through dividends of $11,260,’ he said. ‘We have come a long way since then, but one constant has been the payment of dividends.’
The Board of Directors approved the dividend payments at a meeting on November 8, 2013.
Assadi noted that the Board meeting came just days before the 165th’ anniversary of the chartering of National Life Insurance Company.
‘We have seen it all,’ he said. ‘We have been through the Civil War, two world wars and the Great Depression. Our focus, however, is on the future. We remain as committed as ever to our vision of bringing peace of mind to everyone we touch.’