From the insurance industry, its rare to find a company still embracing the roots in remaining a mutual insurance firm, but Mass Mutual is the sort of company. By keeping conservative and long-term focused, Mass Mutual continues to be and will remain prepared for turbulent times.
Our Massachusetts Mutual Life Insurance Company Review
Massachusetts Mutual Life Insurance Company, more informally termed Mass Mutual, began back 1851 as a mutual a life insurance policy company, just as the item remains today. Founded by simply George Rice (along with 31 investors), who had previously been earning a living for Connecticut Mutual Life, the company made its debut inside the neighboring state and has risen to become staple in the a life insurance policy industry.
With a from strictly life insurance, it remained by doing this until 1946 when the organization began making moves toward group benefits, such as a life insurance policy and pensions. By 1981, Mass Mutual had begun its offering of other a life insurance policy products outside of its standard whole life, making a move towards universal a life insurance policy.
MASS MUTUAL BY THIS NUMBERS
A Fortune 500 corporation today, Mass Mutual is continuing to grow to more than $500B as a whole assets and offers an entire line of life insurance coverage products, disability, long time period care insurance (also LTCi), annuities, 529 programs, complete retirement planning and much more. It continues to be a mutual company, where policyholders own the organization, not shareholders; it just isn’t sold on any stock exchange.
Massachusetts Mutual Life Insurance provider, aside from becoming any financial giant, is considered one of the best life insurance companies for the majority of based on its economic strength. From the major agencies who rate banking companies, A. M Best, Fitch, Moody’s, and also Standard & Poor’s, the item holds a nearly ideal score.
Mass Mutual incorporates a strong focus on economic planning and insurance regarding businesses, families and far more. Under its business outdoor umbrella, its core competencies come in safeguarding businesses, attracting important employees with benefits, and also succession planning for multi-generational corporations.
Mass Mutual Financial Party, one the marketing attributes of Mass Mutual, offers retirement funding utilizing mutual funds through OppenheimerFunds, Inc. which has a library of more than 60 funds to pick from. OppenheimerFunds, Inc. has become very respected inside the mutual fund industry, which is owned directly by Large Mutual.
The company continues to be recognized many, many occasions throughout its long and also stoic history, but several of its most recent accolades include “100 Best Companies with the Working Mother, ” “Best Places To function: LGBT Community, ” “Top 50 Company for Diversity” and much more. Mass Mutual is additionally a corporate sponsor regarding SCORE, which aims to help small business owners get what they need to succeed.
Employing thousands involving agents and corporate staff members, Massachusetts Mutual Life Insurance provider is poised atop the industry, and operates not only to all 50 states, but in many countries around the globe. This gives Mass a big leg up over the competitors, who may not reap the use of worldwide prowess.
Massachusetts Mutual Life Insurance Company represents everything any consumer or businessman want in a company: energy, trust and a groundwork built and molded for the advantage of its owners, those who transact directly using the company and nobody else. This makes Mass perhaps on the list of major powerhouses in the life insurance industry, one of which won’t be easily surpassed.
|Company Name (and Subsidiaries)||Massachusetts Mutual Life Insurance Company
Mass Mutual Financial Group
C.M. Life Insurance Company
MML Bay State Life Insurance Company
|Company Ratings||A.M. Best (A++)
Moody’s Investors Services (Aa2)
Standard & Poor’s (AA+)
|Headquarters (Address, Phone, Web)||1295 State Street
Springfield, MA 01111
Phone: (800) 767-1000
|Policy Types Available||Term