{"id":7449,"date":"2009-12-26T13:35:17","date_gmt":"2009-12-26T18:35:17","guid":{"rendered":"http:\/\/staging.annuityfyi.com\/blog\/?p=213"},"modified":"2023-02-15T05:18:54","modified_gmt":"2023-02-15T05:18:54","slug":"annuities-will-still-be-sold-by-massmutual","status":"publish","type":"post","link":"https:\/\/staging.annuityfyi.com\/blog\/2009\/12\/annuities-will-still-be-sold-by-massmutual\/","title":{"rendered":"Annuities Will Still be Sold by MassMutual"},"content":{"rendered":"<p>Despite closing the MassMutual Retirement Income (MMRI) unit, MassMutual will continue to sell <a title=\"annuities\" href=\"https:\/\/staging.annuityfyi.com\/\" target=\"_blank\" rel=\"noopener\">annuities<\/a> and other retirement products.&nbsp; Bill Kenealy, of <em>Insurance Networking News<\/em>, discusses this development in &#8220;MassMutual Axes Retirement Unit.&#8221;&nbsp; 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.&nbsp; This unit had been created as a separate entity to MassMutual&#8217;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.<\/p>\n<p>Guaranteed lifetime income products like annuities will now be sold through other divisions of MassMutual.&nbsp; The closing of the MMRI unit happened a week after a new platform was introduced by MassMutual&#8217;s Retirement Services Division.&nbsp; The RetireSmartSM platform will be begin in the second quarter of next year.&nbsp; It is a plan to get important materials to both plan participants and sponsors, allowing them the best possible experience in the marketplace.&nbsp; All participants will get information in an easy to understand and visually appealing format which is great for often dry or confusing material.&nbsp; A similar format will be used for the plan sponsors allowing both them and their participants to take necessary actions easily.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite closing the MassMutual Retirement Income (MMRI) unit, MassMutual will continue to sell annuities and other retirement products.&nbsp; Bill Kenealy, of Insurance Networking News, discusses this development in &#8220;MassMutual Axes Retirement Unit.&#8221;&nbsp; The MMRI was created in April of 2007 to focus on solutions for &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Annuities Will Still be Sold by MassMutual\" class=\"read-more button\" href=\"https:\/\/staging.annuityfyi.com\/blog\/2009\/12\/annuities-will-still-be-sold-by-massmutual\/#more-7449\" aria-label=\"Read more about Annuities Will Still be Sold by MassMutual\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,96],"tags":[33],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7449"}],"collection":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=7449"}],"version-history":[{"count":1,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7449\/revisions"}],"predecessor-version":[{"id":27549,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7449\/revisions\/27549"}],"wp:attachment":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=7449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=7449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=7449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}