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    • MassMutual to ‘wind down’ Haven Life amid poor results, high costs

    November 21, 2023 by John Hilton

    Massachusetts Mutual Life Insurance Co. said it will “wind down” its online Haven Life subsidiary, which offers term life insurance only.

    Over the “coming months,” MassMutual will shift direct access to MassMutual life insurance products from Haven Life to MassMutual.com, a spokesperson confirmed today. Created in 2015, Haven Life suffered from “lack of consumer adoption” and “high costs associated with customer acquisition” in the years since, the source added.

    Click HERE to read the full story via INN

    Originally Posted at InsuranceNewsNet on November 14, 2023 by John Hilton.

    Categories: Industry Articles
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