Massachusetts Mutual Life Insurance Company was founded in 1851 and is still a mutual company, which means that its policyholders (rather than shareholders) share in the ownership and can receive dividends. Dividends are not guaranteed, but MassMutual has been paying them to eligible policyholders every year since 1869. The company expects to pay dividends of more than $1.7 billion in 2021.
MassMutual has the highest financial strength ratings and is known for its permanent life insurance policies and employee benefits as well as its innovative term products, including MassMutual Direct Term, which has a fast and easy application process.
The company is headquartered in Springfield, Mass., and works with more than 8,000 financial professionals across the country.