MassMutual Updates Guidelines for Marijuana-Related Businesses

Effective immediately, MassMutual is expanding its life insurance underwriting guidelines to consider potential insureds involved in a MRB who also have significant other non-MRB assets and income and a commitment to pay premium using non-MRB sources. Because of significant due diligence and other regulatory requirements associated with these cases, the expansion is limited to large-case life insurance policies for high-net-worth individuals.