An amount based on a company's profits paid out to shareholders, usually in the form of cash, for each share they hold. Old Mutual generally pays an interim dividend in November, based on its half-year results, and a final dividend in May, based on its full-year results. DIVIDEND COVER...
Let's turn to life insurance. My first life insurance policy was sold to me during medical school by a “friend” (working as an intern atNorthwestern Mutualfor the summer.) It was a $280,000 term policy and a $20,000whole lifeinsurance policy. I don't recall the premiums, but they...