MassMutual and RSM McGladrey Announce Insurance Alliance; Global Financial Services Organization...

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--May 1, 2002

The MassMutual Financial Group and RSM McGladrey, Inc. today announced a strategic alliance to provide life insurance solutions to RSM McGladrey clients. A network of local, independent insurance professionals will work

"Helping people plan their life insurance needs is a natural extension of the trusted relationship RSM McGladrey has already established with our consulting, tax and accounting clients," said Tom Rotherham, RSM McGladrey president and CEO. "Because we understand our clients, their companies and their financial structure, we are uniquely qualified to provide comprehensive financial planning assistance, including life insurance planning. This alliance adds another dimension to RSM McGladrey's strategy to be the premier provider of financial services to its mid-sized business clients."

The MassMutual Financial group is a global, diversified financial services organization. Its companies had more than $233 billion in assets under management at year-end 2001.

Matt Winter, Executive Vice President, Individual Insurance Group, Massachusetts Mutual Life Insurance Company (MassMutual), commented, "This alliance opens up a whole new array of MassMutual's outstanding financial products and services to RSM McGladrey clients. MassMutual provides strategies and solutions, unsurpassed in the industry, from wealth management to business and estate planning; RSM McGladrey provides a trusting financial relationship with sophisticated clients. Clients can now realize comprehensive financial planning through an expanded team of informed, seasoned professionals - including some of our very best representatives - along with MassMutual's industry-leading portfolio of blue chip products."

RSM McGladrey Inc. (www.rsmmcgladrey.com) is an SEC Registered Investment Advisor and one of the nation's leading business consulting, accounting and tax firms serving mid-sized companies. RSM McGladrey, headquartered in Bloomington, Minn., serves clients from more than 100 offices nationwide and is linked with more than 70 independently owned accounting firms in the United States and Puerto Rico through the McGladrey Network. In addition, RSM McGladrey is the U.S. member of RSM International, the eighth largest accounting and consulting organization in the world, with nearly 600 offices in more than 64 countries.

The MassMutual Financial Group is a global, growth-oriented, diversified financial services organization comprised of member companies that have more than 27,000 employees and sales representatives in over 1,200 offices around the world. The family of companies serves the needs of over 10 million clients with a broad-based portfolio of financial products and services, including: life insurance, annuities, disability income insurance, long-term care insurance, retirement planning products, trust services, money management, and other financial products and services. The MassMutual Financial Group is a marketing designation (or fleet name) for Massachusetts Mutual Life Insurance Company and its subsidiaries, which include: OppenheimerFunds, Inc.; David L. Babson & Company Inc.; Cornerstone Real Estate Advisers, Inc.; MassMutual International, Inc.; MML Investors Services, Inc.; The MassMutual Trust Company, FSB; Antares Capital Corporation; and MML Bay State Life Insurance Company and C.M. Life Insurance Company. International locations include: Hong Kong, Japan, Taiwan, China, Macao, Argentina, Chile, Bermuda and Luxembourg. The MassMutual Life Insurance Company, headquartered in Springfield, Mass., was ranked No.104 on the Fortune 500 in April 2002.