M&M Group Benefits, Inc. was co-founded in 1993 by Ted Mauro and Mike McGuigan. Bringing over 50 years of insurance experience, they formed their partnership to specialize in voluntary insurance programs for groups and structured their business with an emphasis on client relationships.
M&M Group Benefits administers and funds an annual scholarship program for our new and existing client groups. We will set up the scholarship program on your behalf, help you distribute applications, choose a winner, if needed, and pay out the funds either to your organization, the student, or the college.
Scholarships awarded each year vary from $1,000 to $10,000 depending on the size of the group.
All high school seniors and students presently enrolled in college are eligible to apply.
Offering you the best client services in the industry, we provide you customized solutions and programs for your employees, at no cost to your firm.
From carrier or broker affiliation. Strong carrier partnerships providing best-in-class solutions.
Extensive experience in negotiating with carriers on:
Multiple enrollment Opportunities:
Consolidated communications and enrollment services.
Each client group has an exclusive program custom made to their needs and wishes that would not be available to any other group or the general public. M&M is large enough to leverage their clients programs with clout but small enough to deliver the personal touch and service required.
We also have the ability to provide a proprietary extra net connection for those clients that want fast and efficient "private label" treatment for their employees or members.
We provide links to our carriers so your employees and members can access their policies, claims, and billing information at their convenience.
We offer programs which provide your employees or members with supplemental benefits that help offset out of pocket expenses and other financial expenses. These include enhancing current benefits to help retain existing people and attract top talent to your organization, as well as educating and communicating the benefits with your people, reducing administrative costs by consolidating enrollment, offering bilingual enrollment services, and implementing technology that complements existing processes.
Presently Managing Groups with Over 2,000,000 Eligible People
We are your advocate. If you ever need help dealing with any benefit offering or insurance company, we'll be there for you.
Over 87% of our group clients have been with M&M for ten years or more.
Every insurance carrier we represent is rated A+ or better by the A.M. Best Company, a leading insurance analyst
Our phones are answered by licensed insurance professionals, not a clerk or outsourced call center. Guaranteed 24 hour turnaround on all quote and information requests.
Ted Mauro, CLU, CHFC, CIC
Co-founder, President and CEO.
In 1975, at age 18, Ted obtained his insurance license, and began working at the Mauro Agency Inc. during his summer breaks from college. After graduating in 1978 from St. Michael's College in Vermont, where he was listed in Who's Who in College, Ted spent a year in Europe playing professional basketball. He joined the Mauro Agency full time in 1979.
He obtained the professional designation of CLU (Chartered Life Underwriter) in 1986, CHFC (Chartered Financial Consultant) in 1987, and his CIC (Certified Insurance Counselor) in 1993.
Ted was named President of the Mauro Agency Inc. in 1989. In 1993, he co-founded M&M Group Benefits, Inc. with Michael McGuigan. In 1999 he sold the Mauro Agency to concentrate solely on running M&M Group Benefits.
He has been very active in many professional organizations. A Past President and Board member of the Independent Agents of Hartford, he was named Young Agent of the Year in 1992 by the Independent Insurance Agents of Connecticut. He is a Past President, Board member, and a Paul Harris Fellow of the Rotary Club of Newington, Connecticut, as well as a twenty-year member of the Hartford Elks Club #19.
He recently finished a sixteen year career as an insurance instructor for Kaplan Financial teaching industry courses for people looking to earn their insurance license.
Ted has also served on the Board of Directors for the Newington Chamber of Commerce. Elected to the Athletic Hall of Fame at South Catholic High School in Hartford, CT in 1976 and St. Michael's College in Vermont in 2000, he used this experience to coach youth basketball for twelve years in Wethersfield, Connecticut. He is also a Past President of the Wethersfield High School Basketball Boosters Club and served many years on the Board of Wethersfield Dollars for Scholars.
A native of Hartford, presently living in Wethersfield, CT, Ted and his wife Joyce have three sons.
Co-Founder and Executive Vice President
Following graduation from Central Connecticut State University, Mike began his insurance career working for The Hartford Group specializing in the AARP Account. He has also worked for John Hancock, Travelers, and Palmer Goodell Insurance Agency over the last 25 years.
Mike and Ted Mauro co-founded M&M Group Benefits, Inc. to focus exclusively on selling group insurance programs to large organizations.
He volunteers his time for several organizations including: Windsor Youth Sports, Wide Horizons for Children, Connecticut Credit Union Association Financial Reality for High Schools, and Junior Achievement.
Mike holds licenses in Property & Casualty, and Life & Health Insurance. Raised in New Britain Connecticut, he now resides in Windsor, Connecticut, with his wife and two sons.