Record Policyowner Dividend Payout Approved

Did you see the BIG news? Lafayette Life’s Board of Directors approved a record $86.1 million expected dividend allocation to policyholders for 2023. This all-time-high payout marks our 118th consecutive year paying a dividend.

Effective January 1, 2023, the 2023 dividend rate is maintained at 5.2% for all dividend-paying policies written after June 15, 2005. This substantial payment both increases our total dividend allocation over 2022’s and demonstrates Lafayette Life’s unwavering commitment to providing long-term value. 

Actions Speak Louder Than Words

We’re proud of our legacy of delivering competitive product performance, while managing risk and making prudent investment decisions that maintain our exceptional financial strength. Dividends are driven primarily by investment results, mortality and overall company expenses. Lafayette Life’s disciplined approach enables us to continue to deliver on these commitments in 2023.

Our mission continues unchanged: to be a financially sound, highly rated, growth-oriented company, dedicated to meeting our customers’ needs and expectations for life insurance, annuities and retirement services. For more information, refer to the 2023 dividend scale announcement.