1295 State Street
Springfield, MA 01111
Attempting to find the best life insurance company can be a struggle. Unfortunately, that’s not an excuse for leaving it out of your financial plan. With these considerations in mind, you will likely encounter many life insurance companies throughout your shopping journey.
That is of course if you are doing it correctly and shopping with an agent who can present you with options with dozens of life insurance companies. During this phase, you are likely to come across Mass Mutual Life Insurance.
About Mass Mutual Life Insurance Company
Mass Mutual Life Insurance Company has been around since 1851 and is one of the largest life insurance companies in the country.
With over 160 years of dominance, pure financial strength, and a strong reputation, Mass Mutual has asserted itself as one of the most recognized and trustworthy life insurance companies that individuals can choose to secure coverage with.
Here are some of the specifics you should know about Mass Mutual Life Insurance Company.
Mass Mutual Company History and Background
Mass Mutual was founded back in 1851. Mass Mutual was initially founded and structured as a Mutual company.
Today, Mass Mutual still holds this same structure. This simply means that as a policyholder, you can participate in the ownership of the company in the form of dividends.
This is the opposite of being known as a publicly-traded company which is often seen for companies with stockholders and with a presence on the NYSE (New York Stock Exchange).
Mass Mutual was initially founded in Springfield, Massachusetts and has done nothing but grow and expand since entering the market.
Mass Mutual is One of the Largest Insurance Companies
Currently, Mass Mutual employs more than 7,000 individuals in the United States alone and more than 10,615 employees worldwide. As of 2018, Mass Mutual found themselves ranking #93 on the Fortune 500 company list, which is judged based on total yearly revenue.
This is because Mass Mutual currently has yearly revenues locking in near 30 billion dollars and has over 675 billion dollars of assets under management. These numbers are large compared to other life insurance companies in the United States.
Although Mass Mutual has shown steady growth since 1851, most of their growth occurred between 1980-2000 due to the introduction of new life insurance products such as Universal Life and more diversified financial products.
This was to ensure they offered products to their policyholders truly built to protect their assets and financial futures.
Mass Mutual Life Insurance Company Financial Strength & BBB Ratings
Mass Mutual is currently sitting on the best financial strength rating that can be given to an insurance company.
Currently, Mass Mutual is being offered an A++ financial strength rating from A.M. Best, which is one of the primary 4 credit rating agencies given the task of evaluating the financials of insurance companies across the globe.
Mass Mutual also boasts an A+ rating from the BBB, which goes further to show that Mass Mutual takes pride in ensuring that customers and policyholders are kept happy and delivered what they are looking for.
While other companies may have the same ratings from the BBB, it’s essential to keep in mind that Mass Mutual is also a much more significant than most life insurance companies serving more individual policyholders which makes the A+ BBB rating even more impressive.
Mass Mutual Life Insurance Products Offered
Currently, Mass Mutual offers a wide range of insurance products as well as several financial products. As far as life insurance goes, you have the following options to choose from when working with Mass Mutual Life Insurance Company.
- Term Life Insurance
- Permanent Life Insurance (Whole Life)
- Indexed Universal Life Insurance
- Variable Life Insurance
- Guaranteed Issue Life Insurance
In addition to these life insurance solutions, you also have a diverse selection of financial planning products to choose from that include options such as IRA’s and 529 college savings plans.
Mass Mutual is One of the Best Life Insurance Companies
While it may seem like a blur right now searching for the best or most affordable life insurance company, things will begin to clear up for you soon. Especially if you are working with an independent life insurance agent.
In some situations, Mass Mutual may be the best fit for you, but it’s totally feasible that another company can offer fantastic and affordable coverage as well.
It’s always best to compare multiple companies before purchasing life insurance. Companies like Protective and Prudential also have high financial ratings and various types of life insurance to choose from. So, gather Mass Mutual life insurance quotes, then compare them to other carriers and see which rate is better.
To get started, you can simply use the instant quotes buttons on this screen. Begin comparing rates with all the top-rated life insurance companies and never limit yourself to only one option. You never know the money you could save shopping the entire market beforehand.
Spectrum Insurance Group is made up of professional life insurance agents who are licensed in all 50 states and the District of Columbia. As principal licensed life insurance agent Bennett Bier has helped 1000’s of people purchase life insurance online & over the phone. During his career he has become the go to expert for securing hard to place term and permanent life insurance policies for clients across the nation. With his wealth of knowledge of each life insurance carrier’s products and underwriting he provides honest answers and advice to every client. Bennett Bier and his team will work tirelessly to successfully secure the coverage your family deserves.
All content on this site has been written by life insurance experts & licensed life insurance agents.