MassMutual was founded on May 15, 1851. And from the beginning, they have had a single purpose: to help people secure their future and protect the ones they love. More than 160 years later, that commitment remains their guiding principle. It’s behind everything they do and every decision they make. It’s how they continue to deliver products and services to help their policyowners and customers achieve their financial goals, and protect those who matter most.
MassMutual is a mutual company. That means they don’t have shareholders. Instead, their members and participating policyowners are often described as sharing in their ownership. This generally means that, if you’re insured under a MassMutual whole life insurance policy, for example, you are a member entitled to vote for their Board of Directors. And if you own that participating policy, you may be eligible to share in any dividends they may declare.
As a mutual company, they operate for the benefit of their members and participating policyowners. They manage the company with a focus on their long-term interests and are not subject to the expectations of Wall Street analysts or stockholders. Throughout their history, this focus on the long-term has helped them provide financial and retirement security to millions of people. And while they're not guaranteed, they have consistently paid dividends to eligible participating policyowners since the 1860s. Their success is reflected in their financial strength ratings, which are among the highest of any company in any industry.
Their “people-first” approach has served their customers and their communities for more than a century and a half. It’s reflected in the products they offer, extends to the customer service they provide, and continues beyond their organization into the communities where they live and work.
For them, corporate responsibility is a fundamental part of who they are. They are consistently looking at ways they can help their employees, support their neighbors and protect their environment.
Inside their organization, they recognize the volunteer efforts of their employees and Financial Professionals with a grant program for their favorite non-profits. In their communities, they are active supporters of organizations ranging from Easter Seals to Junior Achievement, while they offer scholarships and life insurance coverage to help young people pursue their education goals. And to minimize their impact on the environment, they have installed solar panels, electric vehicle charging stations and a rain reclamation irrigation system at their LEED-certified headquarters building.See more