One of the nation’s top mutual life insurers is ready to join the industry’s leading lobbying group.
The American Council of Life Insurers, Washington, says Massachusetts Mutual Life Insurance Company, Springfield, Mass., will become a member Thursday.
With 76 million baby boomers about to begin retiring, MassMutual’s membership will help the council talk about retirement issues with government leaders, says ACLI President Frank Keating.
“MassMutual’s membership in ACLI will ensure the life insurance industry is delivering the strongest message possible on the need for federal and state laws to address our nation’s financial and retirement security crisis,” Keating says.
MassMutual dropped out of the ACLI a number of years ago, according to a company spokesman.