Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Sep 15, 2020

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Not much. The main difference is that you will probably get dividends if your policy is from a mutual company. Most of the 2000 or so life companies are stock companies, though the very largest companies are mostly mutual companies. Several of the largest mutuals have recently converted, or begun the process of converting, to stock ownership.