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Massachusetts Mutual Life Insurance

Massachusetts Mutual Life Insurance, or MassMutual as it is commonly called, is a provider of insurance products to individuals, families, businesses and organizations. The company website promises: “Our purpose is to help you secure your future and protect the ones you love.”

MassMutual was first founded in 1851 but has grown substantially and now has revenues of more than $25 billion. MassMutual is an American company, but has 13 million clients worldwide and has 1,800 offices scattered throughout the globe.  Assets under management are in excess of $450 billion, and the insurance provider offers a wide array of financial products to both consumers and businesses.

If you are one of the many who has purchased products from Massachusetts Mutual Life Insurance, you need to understand the terms and conditions of the products you bought. You also need to know what your rights are with respect to sales claims made, policy terms, changes to your policy and other factors that could affect your investment in life insurance, annuities, or other products offered.

A California financial elder abuse attorney can provide advice and assistance if you have concerns about your MassMutual policies or if you are thinking about investing and want to ensure you’re making a smart choice.

Massachusetts Mutual Life Insurance Products

MassMutual provides annuities, investments, long-term care insurance, workplace benefits, disability insurance, life insurance and wealth management and trust services. The available life insurance products include whole life policies that provide the opportunity to earn dividends, build up cash value, and pay death benefits.

Guaranteed acceptance life insurance, term life policies, universal life insurance, and variable universal life insurance are among the different policies that can be purchased from Massachusetts Mutual Life Insurance.

Annuities are popular products from MassMutual as well, including fixed deferred annuities, income annuities, and variable annuities.  These financial products are supposed to provide security to consumers, but sometimes fall short of what buyers are expecting.

Class Actions & Regulatory Actions Against Massachusetts Mutual Life Insurance

MassMutual was named a 2016 World’s Most Ethical Company. However, while MassMutual has a national reputation and is a major insurance provider, the company is not without legal issues. For example, on November 15, 2012, the Massachusetts Mutual Life Insurance Company was fined by the Securities and Exchange Commission (SEC) in relation to several popular annuity products that the company offered.

The SEC’s order indicates that, among other issues, MassMutual offered a Guaranteed Minimum Income Benefit (GMIB) as an optional add-on to its variable annuity products without sufficiently explaining the impact of withdrawals in its prospectus or sales literature.  As many as $2.5 billion worth of MassMutual annuities may have been affected by disclosures alleged to be defective.

Consumers should be able to count on sales literature from all insurance providers to offer accurate and comprehensive information so informed choices may be made. Any consumer who believes MassMutual or any other insurer was misleading or provided incomplete product details in sales material should strongly consider getting legal assistance from Evans Law Firm, Inc. We can be reached at (415) 441-8669 or via email at


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