MassMutual Life Insurance

MassMutual Life Insurance Review

Massmutual life insurance is a life insurance carrier based in Springfield, MA. The company was founded in 1851 and offers life insurance products in 50 states (and Washington, DC).

Massmutual life insurance FAQ

What types of life insurance products does Massmutual life insurance offer?

Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.

Here is a brief description of life insurance options Massmutual life insurance offers.

• Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Massmutual life insurance offers term lengths ranging from 10 to 20 years. Death benefit amounts range from $100,000 to $3,000,000.
• Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
• Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn. Whole life insurance death benefit payments range from $2,000 to $25,000.
• Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
• Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.

As well as the basic coverage types mentioned above, Massmutual life insurance company also offers the following life insurance policies:

• Guaranteed Issue Life Insurance - These whole life insurance policies offer a cash death benefit to the beneficiary. All coverage applications are approved regardless of health concerns. The catch is that these life insurance policies usually have lower death benefits and higher than normal premiums.

How can you save money on a Massmutual life insurance life insurance policy?

When you ask for a life insurance quote with Massmutual life insurance, ask what discounts are available for various life insurance options.

These include:

• Being a non-smoker

What is SuperMoney's financial rating of Massmutual life insurance?

The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Massmutual life insurance an A+, which is the highest available rating we give to life insurance companies.

SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.