What is a feature of mutual insurance companies?

Mutual insurance companies are characterized by their ownership structure, where they are owned by their policyholders. This means that the policyholders, who hold insurance policies with the company, have voting rights and can participate in the decision-making processes of the company. This ownership model fosters a focus on the interests of the policyholders rather than stockholders, as is common in stock insurance companies. Therefore, profits can be returned to policyholders in the form of dividends, which emphasizes the mutual company's commitment to serving its members.

The other options presented do not accurately reflect the nature of mutual insurance companies. They are not publicly traded, which is a characteristic of stock insurance companies that issue shares to raise capital. Mutual insurance companies do not issue stock to raise capital either, as they rely on premiums from policyholders and other methods for funding. Lastly, they are not limited to life insurance products; mutual insurers can offer various types of insurance, including property and casualty, making them versatile in the insurance market.