A mutual life insurance company is owned and controlled by its

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A mutual life insurance company is owned and controlled by its policyholders, who are also its customers. These policyholders have the right to vote on important matters such as the election of the company's board of directors and any proposed changes to the company's policies or operations. Unlike a stock insurance company, a mutual insurance company does not have any stockholders or owners who profit from the company's profits. Instead, the policyholders benefit from any profits through dividends, lower premiums, or other policy enhancements.

A Mutual Life Insurance Company Is Owned and Controlled by Its