What is retirement planning?
Retirement planning is about creating a strategy that helps ensure the lifestyle you've grown accustomed to will continue long after you retire. Careful preparation today can help make this important phase of your life a reality tomorrow.
How is life insurance used?
Life insurance can be a key component in a diversified retirement planning strategy. As a small business owner, you may be limited in your qualified retirement planning options. Life insurance can provide an alternative to supplement the retirement funding vehicles you already have in place.1
What are the benefits of life insurance?
Life insurance pays a death benefit, generally income-tax free, to a beneficiary upon the death of the insured. In addition, many forms of life insurance accumulate a cash value on a tax-deferred basis. This cash value can be accessed for a variety of life's opportunities and challenges, including supplemental retirement income.
What are the different types of life insurance products that can help meet the retirement planning needs of you or your organization?
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Universal Life Insurance
Universal life insurance provides lifetime death benefit protection along with flexibility that gives you choices as your needs and finances change. It offers options such as coverage amounts that may be increased or decreased, and premiums that you can vary based on your finances as long as there is enough money in the account to pay for the monthly insurance and administrative charges.
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Variable Universal Life Insurance2
Variable universal life insurance is a flexible premium, permanent insurance product combining death benefit protection with the ability to allocate net premiums and account values amounts among divisions of the Separate Account Divisions and Guaranteed Principle Account.3
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Whole Life Insurance
Whole life insurance provides protection for a lifetime as long as premiums are paid. It offers guarantees that you can’t find in other forms of life insurance, including guaranteed premiums that will not increase, a guaranteed death benefit and guaranteed cash value growth.
Prefer to speak to someone about life insurance products?
1 Access to cash values through borrowing or partial surrenders can reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.
2 Variable life insurance policies are sold by prospectus. Before purchasing a variable life insurance policy, investors should carefully consider the investment objectives, risks, charges and expenses of the variable life insurance policy and its underlying investment choices. For this and other information, obtain the prospectuses for the variable life insurance policy and its underlying investment choices from your registered representative or click here for our financial documents. Please read the prospectuses carefully before investing or sending money.
3 Guarantees are based on the claims paying ability of the issuing company.
Principal Underwriters: MML Distributors, LLC (MMLD) and MML Investors Services, Members FINRA (www.finra.org) and SiPC (www.sipc.org). MMLD and MML Investors Services are subsidiaries of Massachusetts Mutual Life Insurance Company, 1295 State Street, Springfield, MA 01111-0001.
