Investopedia / Julie Bang A mutual insurance company is a policyholder-owned insurance provider that offers coverage at or near cost while distributing profits back to members as dividends or ...

A mutual company is sometimes referred to as a cooperative. The mutual company structure is commonly found in the insurance industry and sometimes in savings and loans associations. Many banking ...

Penn Mutual: Best for rider options. A mutual life insurance company is owned by its policyholders, not external shareholders — meaning policyholders are both customers and owners of the company.