What’s The Difference, To Me As A Consumer, Between A Stock Company And A Mutual Company?
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UPDATED: Jul 15, 2021
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Not much. The main difference is that you will probably get dividends if your policy is from a mutual company. Most of the 2000 or so life companies are stock companies, though the very largest companies are mostly mutual companies. Several of the largest mutuals have recently converted, or begun the process of converting, to stock ownership.