Massmutual Works with Emerging Asian-Indian Population to Help Protect Their American Dream

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Eapen and other financial professionals at MassMutual have been working to address the needs of this growing Asian-Indian population by helping them build on their solid savings knowledge and introducing them to an array of financial products that best meet their unique and extended family needs. With the backing of a 160 year-old mutual company to help, along with that company’s culturally relevant educational materials, Eapen and other MassMutual professions help Asian-Indians protect their assets, plan their businesses and prepare for the future care of their parents and themselves.

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In Houston, Eapen began to build again and help other Asian Indian families make sound financials decisions that will benefit generations of their families.

George Eapen, a Massachusetts Mutual Life Insurance Company (MassMutual) financial professional, knows first hand the challenges encountered while striving for the American Dream that comes with relocation to the U.S. from India.

As a young man living in India, Eapen agreed to a traditional arranged marriage to a woman who lived in the U.S. He moved to Houston with his new wife and left his successful financial services career behind in India.

In Houston, Eapen began to build again and help other Asian Indian families make sound financials decisions that will benefit generations of their families.

His story is a new American tale.

The Asian Indian population has quietly been gaining momentum in the U.S. By 2009, the total Asian-Indian population had grown to 2.502 million, with an average household income of $90,000*.

Eapen and other financial professionals at MassMutual have been working to address the needs of this growing Asian-Indian population by helping them build on their solid savings knowledge and introducing them to an array of financial products that best meet their unique and extended family needs. With the backing of a 160 year-old mutual company to help, along with that company’s culturally relevant educational materials, Eapen and other MassMutual professions help Asian-Indians protect their assets, plan their businesses and prepare for the future care of their parents and themselves.

4 Protection pointers
To help Asian-Indians secure their American Dream, Eapen offers the following 4 “Protection Pointers.”

Protect your hard-earned income. As you build your professional career in the U.S., your most valuable asset is your ability to earn a salary. Yet, if you were to become too sick or hurt to work, even for a few months, you and those who depend on you could be severely affected.

Protect your family. You, and your parents before you, have worked hard for a comfortable life, one with a promising future, but if you were to die, your family’s future may not be so bright. Would your children be able to attend college? Would your spouse be able to stay in the family home?

Protect your retirement. Undeniably, life in the U.S. is different than in India. Aging parents often are not able to move in with adult children, when they need help caring for themselves. Paying for that care could drain retirement assets quickly, endangering the parents’ quality of life and potentially causing them to run out of income too soon.

Protect your legacy. One of the reasons your parents came to the U.S. was to provide more opportunity for you and your children. One of the most important values for Asian Indians in the U.S. as well as in India is to provide the best education possible to their children. Make sure you can pass this traditional value on to your children, and their children, by leaving an inheritance to the next generation.

These four protection pointers can be rounded out with one good piece of advice. Building a comprehensive financial strategy can be a difficult job. Make sure to find a trusted financial professional, backed by a financially sound, time-tested company, to help you navigate the 4 Protection Pointers and pave your path to the American Dream.

For more information about how MassMutual helps Asian Indians prepare for their financial future, visit massmutual.com/asian-indian. To find a financial professional near you, logon to facebook.com/massmutual or https://www.massmutual.com/secure/locateanoffice.

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 massmutual.com.

*U.S. Census American Community Survey 2009

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Karen Lavariere-Sanchez
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