WALNUT CREEK, CA--(Marketwire - November 9, 2010) - The San Francisco Bay Area Insurance Agency LLC (www.sfbaa.com), a Massachusetts Mutual Life Insurance Company (MassMutual) general agency based in Walnut Creek, today announces that General Agent and CEO Robert Fakhimi has been elected president of the MassMutual General Agents Association. During his one-year term, Fakhimi will head the 90-member independent Association which helps provide MassMutual corporate with information from the field, among other responsibilities.
The General Agents Association, established in 1924, comprises the heads of each of MassMutual's offices and plays an important function within the MassMutual organization. It acts as an advisory group to corporate headquarters to determine new offerings and company issues, represents the policyholders to the company and helps the company understand the community. Eligibility for this appointment requires seven years of increasing leadership within the organization.
"I am thrilled to be elected to the leadership of this national group. The General Agents Association is very well-respected within MassMutual and we're proud to provide feedback and input that can make a difference within the company," said Fakhimi. "It is an honor to have the opportunity to help lead this group of General Agents."
The Association members and various sub-committees hold numerous meetings and in-person meetings throughout the year.
"Bob Fakhimi is an outstanding choice for president of the General Agents Association. He has consistently run a top agency, and now, with his selection as head of the Association, has been acknowledged among his peers as a leader and is certainly highly regarded for his contributions to MassMutual," said John A. Vaccaro, Senior Vice President of the Career Agency System for MassMutual.
The San Francisco Bay Area Insurance Agency has produced numerous outstanding career professionals since Fakhimi joined as head of the office in 2001. Agents from the San Francisco Bay Area Insurance Agency are top performers -- a first-year agent this year won the esteemed Freshman Five honor (the fifth winner in six years), and another agent is the Top Premium and Top Annuity Producer among all the MassMutual career agents nationally. His office has also earned the prestigious National Chairman's Trophy in seven of the last eight years.
As a MassMutual general agency, the San Francisco Bay Area Insurance Agency leverages the resources of a 159-year-old, Fortune 500 company with local expertise on helping clients achieve their financial goals. The agency offers a broad range of products and services, including life and disability income insurance needs analysis, long-term care insurance, retirement planning products, investment products, estate analysis, business continuation planning, executive fringe benefits, and employee benefit products and services.
About the San Francisco Bay Area Insurance Agency LLC
With roots going back to 1891, San Francisco Bay Area Insurance Agency LLC is a significant contributor to the local economy, as shown by the following figures about the San Francisco Bay Area Insurance Agency and its detached offices (as of December 31, 2009):
- More than 36,000 policyholders and clients(1)
- Managing over $896 Million in assets (including assets and certain external investment funds managed by MassMutual and its subsidiaries)
- More than $4.3 billion in life insurance face amount in force(2)
- Will return more than $9.3 million in dividends to its participating policyholders in 2009(3)
Robert Fakhimi is CEO and Managing Partner of the San Francisco Bay Area Insurance Agency LLC. Headquarters is in Walnut Creek and branch offices are located in San Francisco, Fremont and Milpitas. Mr. Fakhimi can be reached at 888-803-3631, ext. 320 or by e-mailing him at rfakhimi@finsvcs.com. Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, member SIPC, Inc. 2121 N. California Blvd. Suite 395 Walnut Creek, CA 94596 (925) 979-2300.
About MassMutual
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, Inc., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
For more information, visit www.massmutual.com.
(1) An insured, owner, or payer of a MassMutual policy or contract.
(2) Amount of individual life insurance in force at the end of the period related to products issued by Massachusetts Mutual Life Insurance Company and its subsidiaries, C.M. Life Insurance Company and MML Baystate Life Insurance Company.
(3) The amount of dividends to whole life policyholders in 2009.
Contact Information:
MEDIA CONTACT:
Erica Zeidenberg
925-631-0553