SPRINGFIELD, Mass., March 16, 2011 /PRNewswire/ -- Massachusetts Mutual Life Insurance Company (MassMutual) today announced it will donate $100,000 to support victims of the earthquake and tsunami in Japan. Also for the next six months, the company's Matching Gift program will match eligible employee and financial professional donations to the Japan relief effort.
"Our thoughts and deepest sympathies are with the people of Japan during this most tragic and difficult time," said Roger Crandall, Chairman, President and CEO of MassMutual. "We hope that MassMutual's support will help bring some much-needed relief to those impacted by this tragedy."
MassMutual International, LLC operates a life insurance company in Tokyo, and MassMutual subsidiaries Babson Capital Management LLC and Baring Asset Management Limited also have operations in Japan. All operations are currently up and running, and all staff have been reported safe and accounted for.
The $100,000 company donation, as well as funds donated by its employees and financial professionals and matched through the Matching Gift program, will support the American Red Cross Japan Earthquake and Pacific Tsunami Fund.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
For more information, visit massmutual.com.