Articles from MassMutual

Americans with strong financial habits are significantly more likely to report better physical and mental health, according to the MassMutual Health & Wealth Habits Report.

MassMutual today announced it has appointed David Long, Former Chairman and Chief Executive Officer of Liberty Mutual Insurance, to the company’s Board of Directors.

Most people rely on benefits offered by their employer to cover their health insurance needs, and while that is a good start, it leaves many exposed without realizing it. That’s where supplemental health benefits play a crucial role.

MassMutual has selected Benefit Harbor to join its suite of enrollment technology platforms supporting voluntary employee benefits. Benefit Harbor provides holistic enrollment and benefits administration in one platform for their customers. This collaboration brings a streamlined, user-friendly solution for offering group whole life insurance.

MassMutual today reported strong financial results1 for 2024, maintaining its position as a leading provider of protection, accumulation, and lifetime income solutions, significantly growing its wealth management business, and making meaningful progress on its long-term strategy.

Industry veteran Joe Mallee is moving on from his leadership role in the field to head up MassMutual’s network of financial professionals, reporting to Paul LaPiana, head of Brand, Product & Affiliated Distribution with MassMutual. He succeeds John Vaccaro, who has shared his plans to retire after a nearly 20-year career with MassMutual.

MassMutual today announced it has elected Amy Stepnowski, Chief Investment Officer of The Hartford and President of Hartford Investment Management Company (“HIMCO”), to the company’s Board of Directors.

MassMutual announced that after 30 years with the company, Betsy Ward, Chief Financial Officer (CFO), will retire at the end of this year. Mary Jane (MJ) Fortin has joined MassMutual as a member of the Executive Leadership Team and will be appointed CFO on January 1, 2025.

Massachusetts Mutual Life Insurance Company (MassMutual) has announced that 2025 will mark the 157th consecutive year that the company will pay an annual dividend to its eligible participating policyowners. The total estimated payout will be more than $2.5 billion, the largest in MassMutual’s history. The dividend interest rate (DIR)1 has increased to 6.40%.

MassMutual today announced it is the first insurer in the U.S. to offer eligible policyowners free access to Wysa Assure, an AI-powered conversational mental health app created by Wysa and Swiss Re. This offering is the latest addition to MassMutual’s Health and Wellness Program, which provides policyowners with knowledge about their health, empowers them to seek out appropriate interventions and motivates healthy behaviors and lifestyles.

Many younger Americans are worried that the relative financial freedom they enjoy in their childfree lives would be impossible to maintain if they started a family, according to the latest Consumer Spending & Saving Index from MassMutual. The quarterly survey provides insights into consumers' financial habits, beliefs and expectations within the current economic landscape.

MassMutual today announced that accomplished cyber security executive and Veteran Eric Boateng has been named Head of Enterprise Cyber Security. In this role, Boateng will be responsible for leading the company’s cyber security and cyber risk management strategies and safeguarding MassMutual’s information assets.

In an effort to improve health equity and meet the growing needs of the Springfield community, Baystate Health today announced a plan to build a comprehensive community health center in the heart of the city, made possible by the generous support of its longstanding partner, MassMutual.

Americans’ bags are packed for summer vacation, whether or not their wallets can spare it, according to the latest Consumer Spending & Saving Index from MassMutual. The quarterly survey captures consumers’ financial habits, beliefs, and predictions in the current environment.

Financial professionals who choose to affiliate with MassMutual can now offer their clients property and casualty (P&C) insurance, both personal and commercial lines, available through Insurify, America’s top-rated insurance comparison platform.

Despite persistent economic headwinds, Americans are largely more confident about their financial futures than they were last quarter, according to the latest Consumer Spending & Saving Index from MassMutual. The quarterly survey captures consumers’ financial habits, beliefs and predictions in the current environment.

Retirees are generally happier in retirement than in the workforce, but like many things in life, there are gaps between expectation and reality according to the latest MassMutual Retirement Happiness Study.

MassMutual today reported strong financial results1 for 2023. In addition to maintaining its position as an industry-leading provider of whole life insurance and reporting record annuity sales and capital, the company reached a major milestone as it topped $1 trillion of protection for its life insurance policyowners.

The latest Social Security retirement benefits quiz of near-retirees from MassMutual exposes that too many – 78% -- failed or barely passed. In fact, 37% got a D and 41% failed. This is a slight improvement over 2023, when 47% failed the quiz. Less than 1% received an A+ by answering all 13 true/false statements correctly.

MassMutual today announced the appointment of Cindy Ryan to Head of Human Resources. Ryan, who has more than two decades of HR leadership experience, will oversee and advance MassMutual’s people strategy, aligned with the company’s purpose, priorities, and aspirations.

MassMutual Investments today announced the introduction of three new open-end municipal bond mutual funds to its MassMutual Funds mix and its selection of Clinton Investment Management, LLC (CIM) as the subadviser.

While Americans may be feeling less jolly about their financial futures, the latest Consumer Spending & Saving Index from MassMutual indicates they are still planning to deck the halls, as economic anxiety has not dampened their holiday spending plans.

As the holiday season approaches, some believe that the American Dream – defined by most as financial security for them and their family – is disappearing, and many are turning to family for financial advice and broadening who they invite into their ‘definition’ of family. Shockingly, social media influencers made the “family” cut with some.

Massachusetts Mutual Life Insurance Company (MassMutual) today announced that its 2024 dividend payout, estimated at nearly $2.2 billion, is the largest in the company’s history. The company has paid dividends to eligible participating policyowners every year since 1869.

Massachusetts Mutual Life Insurance Company (MassMutual) today announced the introduction of a new fixed deferred annuity to its retirement savings and income offerings, MassMutual Premier VoyageSM, joining MassMutual Stable Voyage on its fixed annuity shelf.

Massachusetts Mutual Life Insurance Company (MassMutual) today announced that it is enabling eligible policyowners to gain knowledge about their health through a variety of tools, offerings and research so they can make informed, proactive health decisions that may help them lead longer, healthier lives.

Most younger Americans believe financial stability is a stronger determinant of personal happiness than the person they marry, according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual). Older Americans do not agree (Gen Z/65%, Millennials/62% and Gen X/54% versus Baby Boomers/41% and the Silent Generation/29%), suggesting a shift in evolving priorities among younger generations who may value economic security and self-sufficiency over strong and enduring relationships.

The Cboe Vest U.S. Large Cap 10% Buffer Strategies VI Fund (“the buffer fund” or “the fund”) has been added to MassMutual EnvisionSM Variable Annuity (MassMutual Envision VA), making it the first buffer fund available in its lineup of 40+ funds. The fund is also available to contract owners who have elected MassMutual RetirePaySM.

Nearly half of Americans plan to travel this summer – a ten-point increase over last year – but an astounding 36% say they cannot afford to, with millennials leading the pack (40%) according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual). The quarterly survey contextualizes consumers’ financial angst amidst stock market instability and macro-economic trends outside of their control.

Massachusetts Mutual Life Insurance Company (MassMutual) today announced that it has purchased a majority interest in Counterpointe Sustainable Advisors LLC (together with its subsidiaries, collectively, “Counterpointe”), a leader in Commercial Property Assessed Clean Energy (C-PACE), sustainable real estate, and creative energy solutions financing.

In contrast to last quarter, ongoing uncertainty about the trajectory of the U.S. economy has not dampened many Americans’ optimism about their financial futures despite rising interest rates, persistent inflation, and stock market volatility according to this quarter’s Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual).

Massachusetts Mutual Life Insurance Company (MassMutual) today reported excellent financial results1 for 2022. Despite a challenging and uncertain economic environment, the company delivered strong sales and operating earnings as well as record levels of capital while making significant progress on its long-term strategy.

Massachusetts Mutual Life Insurance Company (MassMutual) has been named a World's Most Admired Company by FORTUNE® Magazine, placing #2 in the life and health insurance industry category and leading among mutual company peers.

Massachusetts Mutual Life Insurance Company (MassMutual) and the Boston Red Sox today announced they have entered a 10-year partnership in which MassMutual will become a signature sponsor of the Red Sox beginning at the start of the 2023 season. This collaboration brings together two resilient, respected, and successful Massachusetts brands rooted in their shared values of interdependence and commitment to their customers – whether policyowners or fans – as well as rich histories of giving back to the community.

Americans are heading into this holiday season increasingly stressed and less optimistic about the economy, according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual). The financial impacts of inflation and the increasing concern about a recession are continuing to put pressure on Americans’ financing, impacting their optimism and leading them to seek change.

Massachusetts Mutual Life Insurance Company (MassMutual) today announced that it will dedicate an additional $100 million to continue investing in diverse, first-time fund managers through its First Fund Initiative, building on the $50 million the company previously invested through this impact investing initiative. The First Fund Initiative is focused on funds led by Black, Latinx and Indigenous fund managers with a differentiated investment thesis to generate positive social impact and financial returns.

Despite many Americans believing that the U.S. is already in a recession, most remain optimistic about their financial futures. The latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual) suggests that rising interest rates, high inflation, and stock market volatility have yet to dampen people’s views on their personal finances.

Massachusetts Mutual Life Insurance Company (MassMutual) today released its 2021 Sustainability Report, highlighting the company’s long-standing commitment and progress across key environmental, social, and governance (ESG) topics. The inaugural report emphasizes that sustainability is integral to how MassMutual delivers value and stability for its stakeholders, and details the company’s efforts to advance diversity, equity, and inclusion and create a more sustainable future.

The MassMutual Foundation has awarded $275,000 to eligible nonprofit organizations through its annual Community Service Awards (CSA) program. These charitable contributions – which include two $25,000 awards, fifteen $10,000 awards, and fifteen $5,000 awards – are given in honor of financial professionals who demonstrate outstanding commitment to nonprofit organizations in their local communities. This year marks the 25th anniversary of the CSA program.

Today, Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change, announced The Civic 50 honorees of 2022 and a report featuring key trends, benchmarking data, and insights from the honorees. In its first year applying, Massachusetts Mutual Life Insurance Company (MassMutual) has been named a 2022 honoree of The Civic 50.

With inflation now at the forefront of many Americans’ financial concerns, summer plans are poised to be dramatically different this year according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company (MassMutual).

Over 15,000 new people are added to the Social Security benefits payment pool every day, according to the Social Security Administration. The latest Social Security retirement benefits quiz of near-retirees from Massachusetts Mutual Life Insurance Company (MassMutual) exposes opportunity for better understanding of some basic Social Security facts and planning. In fact, two-thirds of near retirees barely passed or failed the latest quiz.

Still recovering from pandemic-induced challenges, U.S. small businesses are failing to plan for the long term, according to new research from Massachusetts Mutual Life Insurance Company's (MassMutual) Business Owner Perspectives Study. Of the small businesses that survived the pandemic, most aren’t prepared for another financial shock: Only 36% are experiencing growth and almost half (46%) report lower-than-expected revenue.

Massachusetts Mutual Life Insurance Company (MassMutual) today announced a $2.5 million 5-year commitment to the American College Center for Economic Empowerment and Equality, one of The American College of Financial Services’ Centers of Excellence. This $500,000 annual commitment will help support the Center’s mission in promoting upward mobility and wealth building for underserved communities, including Blacks, Latinos, Asians, women, and other marginalized groups.

The ongoing conflict in Ukraine is causing Americans to readjust their financial habits and mute their optimism about their financial future, according to new research from Massachusetts Mutual Life Insurance Company (MassMutual). This, combined with inflationary pressure, has the potential to dent the resurgence of the U.S. economy.

Massachusetts Mutual Life Insurance Company (MassMutual) today reported excellent financial results1 for 2021 – including record sales and capital levels that reached an all-time high and strong operating earnings – while making significant progress on its long-term strategy and providing financial security for more Americans.

Massachusetts Mutual Life Insurance Company (MassMutual) today announced that the consolidation of Barings’ mutual funds with MassMutual Funds1 onto the MassMutual Investments2 platform announced earlier this year was approved by fund shareholders, and the funds have successfully transferred over.

As the holidays quickly approach, Americans are more optimistic about their financial outlook and are planning to increase their holiday spending compared to last year, according to new research from Massachusetts Mutual Life Insurance Company (MassMutual).

Massachusetts Mutual Life Insurance Company (MassMutual) announced today that its Board of Directors has approved an estimated 2022 dividend payout of nearly $1.85 billion – the highest payout in the company’s 170-year history.

On the heels of announcing a $150 million commitment to utilizing underrepresented diverse businesses in its procurement process, Massachusetts Mutual Life Insurance Company (MassMutual) today announced a new diverse business program in partnership with Dartmouth College and Stanford University aimed to help diverse businesses thrive and grow. The program will impact 175 businesses over the next five years through comprehensive education, business planning and mentorship.

Massachusetts Mutual Life Insurance Company (MassMutual) announced today that the company is introducing a new program for employees in 2022 that enables them to convert up to five days of unused vacation time into either a payment toward student loan debt or a contribution to a 529 college savings account. This new offering is aimed at helping employees navigate the rising costs of education and protect their financial well-being, and builds on MassMutual’s generous and competitive employee benefits.

With summer in full swing, Americans are increasing their spending from last summer and preparing for new financial realities according to new research from Massachusetts Mutual Life Insurance Company (MassMutual).

As part of its long-time commitment to diversity, equity and inclusion and to the growth and long-term vitality of diverse businesses and communities, Massachusetts Mutual Life Insurance Company (MassMutual) today announced a $150 million commitment to utilizing underrepresented diverse businesses in its procurement operation.

For the first time, a client’s financial investments and protection portfolio can be seamlessly accessed and viewed in the fully consolidated and secure Advisor360° platform through Massachusetts Mutual Life Insurance Company (MassMutual).

As the United States continues to emerge from the COVID-19 pandemic, parents, especially mothers, continue to feel exasperated by financial and workplace challenges. Sixty-one percent of parents say they find it difficult to manage their finances due to priorities during the pandemic according to the MassMutual Consumer Spending & Saving Index. At the same time, a silver lining has emerged: almost two-thirds of parents (65%) say the pandemic has improved their relationship with their children.