Loyalty. Partnership. Trust. These are the qualities that build a lasting legacy.
The Legacy Fund recognizes your commitment to practicing quality medicine and enhances the value of your membership with Medical Mutual.
Established in 2009, The Legacy Fund program has been a highly effective mechanism for returning real value to you, our trusted physician members. Our number one goal since the inception of our company has been to support your success – both professionally and financially. Our strong operating results and sound investment strategies have enabled our Board of Directors to allocate funds to your member savings accounts, and to issue policyholder dividends, year-after-year.
Medical Mutual is pleased to announce that it will issue a $6.6 Million allocation to The Legacy Fund in 2016. The cumulative Legacy Fund allocation is now over $98.8 Million and the six-year dividend total is approximately $21.6 Million.
The Legacy Fund offers qualified physician members the chance to benefit financially as the economic value of Medical Mutual continues to grow. Since the program's inception in 2009, 850 qualified physician members have received $6.3 Million in Legacy Fund awards, with the largest individual account balance at $89,850 and the largest distribution totaling $60,056.
Approximately 50% of the company's net income is returned to members in the form of dividends and allocations to their Legacy Fund accounts. Balances in these Legacy Fund accounts will mature tax-deferred in value and are eligible for future contributions. An individual's Legacy Fund balance will be paid to member physicians upon designated events, including a qualifying retirement.
Our goal is to reward your commitment and loyalty by providing this tangible, cash distribution opportunity.
For more information about The Legacy Fund, send us an email or call 800-662-7917 ext. 7501.