Home / Blog / Annuities Will Still be Sold by MassMutual

Annuities Will Still be Sold by MassMutual

Despite closing the MassMutual Retirement Income (MMRI) unit, MassMutual will continue to sell annuities and other retirement products.  Bill Kenealy, of Insurance Networking News, discusses this development in “MassMutual Axes Retirement Unit.”  The MMRI was created in April of 2007 to focus on solutions for advisers looking to meet the guaranteed lifetime income needs of their customers.  This unit had been created as a separate entity to MassMutual’s U.S. Insurance Group to closely monitor investment behaviors and risk issues, but its demise will not stop the sale of annuities and other retirement products for the company.

Guaranteed lifetime income products like annuities will now be sold through other divisions of MassMutual.  The closing of the MMRI unit happened a week after a new platform was introduced by MassMutual’s Retirement Services Division.  The RetireSmartSM platform will be begin in the second quarter of next year.  It is a plan to get important materials to both plan participants and sponsors, allowing them the best possible experience in the marketplace.  All participants will get information in an easy to understand and visually appealing format which is great for often dry or confusing material.  A similar format will be used for the plan sponsors allowing both them and their participants to take necessary actions easily.

Share Button
Comments are closed.

 

Copyright © 2018 AFYI Holdings Group, LLC. All Rights Reserved. No part of this article may be reproduced without the express written consent of AFYI Holdings Group, LLC.

Annuityfyi.com - Prefooter

Contact

Mailing Address:

1165 NE 105 St.
Miami Shores, FL 33138

Email:

support@annuityfyi.com

Phone:

(866) 223-2121

Follow Us On

Click for the BBB Business Review of this Annuities in Miami Shores FL

Copyright © 2019 AFYI Holdings Group, LLC, All Rights Reserved

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Pinterest