Another among the insurance companies that can trace their roots back to the 19th century, Massachusetts Mutual Life Insurance was first established in 1851. Today, the company has grown to 1,800 office locations and a worldwide clientele base of 13 million customers. Because of this size, the company sits within the top 100 of the Fortunate 500 and produces annual revenues exceeding $25 billion. Additionally, the company manages investments and various types of insurance policies worth almost $450 billion.
Because of the conservative approach and successful business model used, Massachusetts Mutual has been able to pay dividends annually to policyholders since 1860. Not every insurance company or corporation can make a similar claim. Massachusetts Mutual still retains whole life insurance policies as its core product, but the product portfolio for both businesses and individuals also includes disability insurance, other types of life insurance, long-term care coverage, retirement plans, and annuity products. The company also offers extensive financial adviser services for clients as well.
Today the company has gone multi-national with expanded reach around the world. Massachusetts Mutual operates offices across the U.S. but also in seven other countries. Locations include multiple countries in Asia as well as Chile and Luxembourg.