Massachusetts Mutual Life Insurance Company (MassMutual), headquartered in Springfield, has launched MapMyFinances, a new tool designed to help workers assess and balance their short- and long-term personal financial needs by finding product solutions to them.
The new tool, which replaces MassMutual’s MapMyBenefits, provides users with a personal financial wellness score. Using that data, MapMyFinances connects to an employer’s available benefits, including retirement plans, health plans and other insurance protections, to find the best combination of products to meet that worker’s financial needs. The technology platform can also connect to products and services not offered by MassMutual.
MapMyFinances is available automatically at no cost through employers that use MassMutual’s 401(k) or other defined contribution retirement plan services, voluntary insurance benefits or both.
MassMutual will be announcing additional financial benefits and services available through MapMyFinances later this year.