Recent decisions by MassMutual would appear to indicate that the company is becoming less interested in and committed to the variable annuity marketplace.
The company has recently scaled-back on some of its variable annuity product features or riders.
The departure of one of MassMutual's top annuity experts, Jerome Golden, would also seem to indicate waning interest in the space.
The company also indicated that it will place renewed emphasis on distribution through career agents rather than banks and broker-dealers.
Source: Investment News
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