March 25, 2020

Coronavirus (COVID -19) Resources

We wanted to make sure our clients were apprised as to the potential impact, if any, of the coronavirus on their BOLI policies.

The good news is that your BOLI Carriers are all saying they are well positioned financially to deal with the impact of the virus on their portfolio. Most of the Carriers have developed resources and provided updates as it relates to the coronavirus. We have provided links to those resources below. We will continue to update this page with the latest information from the carriers. 

At MMB, we are well equipped to work remotely and securely through this environment. We do not anticipate any disruption with our ability to provide service to your bank.

We hope everyone stays safe and healthy and if there is anything you need please feel free to contact us.

Thank You,

MMB Consulting

Carrier Covid -19 Responses:

Northwestern Mutual:

https://www.northwesternmutual.com/coronavirus-response/

Client webcast videoWebcast video: The webcast is now live here.

https://news.northwesternmutual.com/2020-05-07-AM-Best-Fitch-Ratings-Affirm-Northwestern-Mutuals-Highest-Possible-Financial-Strength-Rating

NM Dividend FAQ:

http://mmbconsulting.net/wp-content/uploads/2020/03/NM-Coronavirus-Response-2.pdf

http://mmbconsulting.net/wp-content/uploads/2020/03/Northwestern-Mutual-Dividend-FAQ-March-2020.pdf

MassMutual:

BOLI FAQ : Located here

https://www.massmutual.com/lp/ceo-message

NYL:

https://www.newyorklife.com/newsroom/a-message-from-ceo-ted-mathas-about-coronavirus

SBLI:

https://www.sbli.com/important-information-about-sblis-response-to-covid-19/

Protective (Great West):

https://www.protective.com/COVID-19/

Securian:

https://www.securian.com/covid-19.html

John Hancock:

https://www.johnhancock.com/john-hancock-coronavirus-update.html

Metlife:

https://www.metlife.com/COVID-19_US_Customer/

Guardian:

https://www.guardianlife.com/coronavirus/executive-message

Lincoln:

https://newsroom.lfg.com/Navigating-Uncertainty

Midland:

https://engage.midlandnational.com/CovidMessage?_ga=2.163570492.1682459737.1585147874-285329465.1585147874

Nationwide:

https://blog.nationwide.com/a-message-from-chief-customer-officer-amy-shore-about-the-coronavirus/

Brighthouse Financial(New England): https://www.brighthousefinancial.com/latest-news/

Ohio National: https://www.ohionational.com/sites/public/default/ABOUT/GREAT-COMPANY/Corporate-governance-and-ethics/Corporate-governance/Coronavirus:-infectious-disease-response-plan

Pacific Life:

https://www.pacificlife.com/home/pacific-life-update.html

Voya:

https://www.voya.com/content/message-chairman-and-ceo-rod-martin-covid-19