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MassMutual became a last resort for people needing financial help as The Great Depression took over the United States – and the world – from 1929–1932. [31] While the Great Depression was an economic downfall for the country, MassMutual was able to develop new products and services. MassMutual introduced its first family-income policy in ...
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In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
Barings LLC, known as Barings, is a global investment management firm owned by Massachusetts Mutual Life Insurance Company ().It operates as a subsidiary of MassMutual Financial Group, a diversified financial services organization.