Overview
What is Massachusetts Mutual Life Insurance Co Retired Lives Reserve?
The Massachusetts Mutual Life Insurance Co Retired Lives Reserve is a charitable initiative established specifically to finance term life insurance benefits for eligible retired employees. These benefits are funded through this reserve and are offered under the MassMutual Retired Employee Welfare Benefits Plan. This program serves as a safety net for retired employees of the company, providing them with essential life insurance coverage during their post-employment phase. The Retired Lives Reserve is headquartered in Springfield, Massachusetts.
Is Massachusetts Mutual Life Insurance Co Retired Lives Reserve legitimate?
Massachusetts Mutual Life Insurance Co Retired Lives Reserve is a legitimate nonprofit organization registered as a 501(c)(9) entity. Massachusetts Mutual Life Insurance Co Retired Lives Reserve submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Massachusetts Mutual Life Insurance Co Retired Lives Reserve?
The Massachusetts Mutual Life Insurance Co's Retired Lives Reserve was established with a specific purpose. Its mission is to fund group term life insurance benefits for certain retired employees, as outlined in the MassMutual Retired Employee Welfare Benefits Plan. This reserve ensures the continuation of these benefits for the eligible retired employees, thus providing a financial safety net in their post-employment phase.
Who is the CEO of Massachusetts Mutual Life Insurance Co Retired Lives Reserve?
Unavailable
What is the revenue of Massachusetts Mutual Life Insurance Co Retired Lives Reserve?
Massachusetts Mutual Life Insurance Co Retired Lives Reserve's revenue in 2022 was $1,886,834.
Who are the executives of Massachusetts Mutual Life Insurance Co Retired Lives Reserve and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Massachusetts Mutual Life Insurance Co Retired Lives Reserve?
Massachusetts Mutual Life Insurance Co Retired Lives Reserve's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Massachusetts Mutual Life Insurance Co Retired Lives Reserve
Massachusetts Mutual Life Insurance Co's Retired Lives Reserve was established with a specific mission. This mission involves funding group term life insurance benefits for certain retired employees, all under the MassMutual Retired Employee Welfare Benefits Plan. In simpler terms, this nonprofit organization ensures the continuation of life insurance coverage for retired employees, providing them with a sense of financial security during their post-employment years. The Retired Lives Reserve serves as a crucial safety net, ensuring these retired employees can maintain financial stability even in the face of unexpected events.
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Impact
October, 2024
Massachusetts Mutual Life Insurance Co Retired Lives Reserve plays a crucial role in providing financial security to retired employees through group term life insurance benefits. This initiative ensures that eligible retirees have access to essential life insurance coverage, which can ease concerns about financial stability for themselves and their beneficiaries. By funding these benefits under the MassMutual Retired Employee Welfare Benefits Plan, the Retired Lives Reserve supports the well-being of retired employees, enhancing their quality of life during retirement. The program reflects a commitment to mutual benefit, fostering a sense of security and reassurance for those who have dedicated their careers to the organization. This safety net not only aids individual retirees but also contributes to a broader societal goal of supporting aging populations.
This information is meant to be a general summary of Massachusetts Mutual Life Insurance Co Retired Lives Reserve. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,276
- Gross Receipts: $1,886,834
Assets and Liabilities:
- Total Assets: $2,285,697
- Total Liabilities: $0
- Net Assets: $2,285,697
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Organization Details
Founding Year
1981
Phone
(860) 562-2120Main Address
1295 State Street MIP F110, Springfield, MA, 011110001
NTEE Category
Code: Y40 - Mutual benefit
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