'A milestone event in the 165-year history of MassMutual': Springfield insurance giant buys sales network from MetLife | masslive.com
MassMutual announced an agreement Monday to buy MetLife's retail adviser force of life insurance agents for $165 million. The deal includes a retail distribution operation with more than 40 local sales and advisory operations and approximately 4,000 advisers across the country, Springfield-based MassMutual said. This move adds to MassMutual's network of 5,800 Career Agency System advisers. These are not MassMutual employees, but independent contractors with the ability to sell MassMutual products.