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By Katherine Chiglinsky and Julie Verhage

August 8, 2018 at 12:00 PM UTC

This article is for subscribers only.

A 167-year-old life insurer is boosting its wager on the youngest of companies: startups.

Massachusetts Mutual Life Insurance Co.’s Haven Life acquired startup online broker Quilt, the companies said Wednesday in a statement. Terms of the deal, the first for Haven Life, weren’t disclosed.