Blog

MLMIC Declares 7.5% Special Dividend

MLMIC is pleased to announce a 7.5% Special Dividend for all of our policyholders!

MLMIC’s president, Dr. Robert Menotti, said that dividends “provide meaningful financial relief to our policyholders,” and that “they are an integral part of our mission to provide high-quality insurance at low long-term cost.”  Since inception, MLMIC has returned over $300 million in dividends to our policyholder owners.

To qualify for this 7.5% Special Dividend, policyholders must be insured by MLMIC on February 1, 2015. The dividend will be applied to policyholder accounts on March 1.

Questions? Contact us today.

The MLMIC Difference
At MLMIC, we put your needs first, giving you the service and protection you deserve. Our at-cost, long-term focus ensures that you won’t overpay for quality protection, nor worry about the Company being there when you need us. And, our unparalleled claims and risk management expertise provides superior protection, with high success rates, and very satisfied policyholders.

Posted in Dentists, Hospitals, Physicians

Tagged , , , ,

23 thoughts on “MLMIC Declares 7.5% Special Dividend

  1. Thanks for your questions! It’s 7.5% off of your premium. If you have any other questions, please call us at 888.994.7928 (Physicians) and 888.377.8144 (Dentists).

  2. David Engelbrecht says:

    Is this a one-time dividend, or is this a permanent reduction of the cost of the policy?

    Thanks,
    David Engelbrecht

  3. Akhilesh Singh says:

    Is this in place of the “no claims discount”, or I am still eligible to apply for that discount in addition to the dividend?

  4. Christine Shen says:

    How will this dividend be distributed? Will it be applied to our upcoming 2015-2016 policy renewal in July or will we receive a check, and if there is a check, when will it be sent out? Thank you.

    1. The dividend will be applied as a credit (reduction) to your unpaid premium balance if you are paying in quarterly installments. If your premium has been paid in full, you will receive a check in March.

  5. Joseph K. Bylebyl, MD says:

    If I receive a check (I pay in full in July, what are the tax consequences, if any, of the dividend?

    1. The dividend can be thought of as a return of premium that lowers your insurance costs in the period you receive it. It will lower your insurance costs and deduction in that year, which may raise your practice income and hence your tax liability in that year.

Leave a Reply

Your email address will not be published. Required fields are marked *