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MassMutual Adds Lender Notification Feature

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NU Online News Service, March 28, 11:39 a.m. – Massachusetts Mutual Life Insurance Company, Springfield, Mass., has added a new lender communications feature for customers who are using life insurance policies used to secure business loans.

MassMutual will now send duplicate bills, reminders and grace notices to the lenders, so that lenders will know whether borrowers are keeping up with payments, or whether borrowers are in danger of letting policies lapse.