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NORTHWESTERN MUTUAL SETS RECORD DIVIDEND

Northwestern Mutual Life Insurance Co. has authorized a record dividend payout for area policyholders in 1998, according to the company's Buffalo office.

The Milwaukee-based insurer will pay dividends of $11.9 million to area policy holders in 1998, said Henry S. Cooperman, head of Northwestern Mutual's Buffalo office. Lower tobacco use and better prevention and treatment of heart problems have reduced the company's death claims, he said.