Variable Universal Life

Variable universal life insurance (VUL) combines premium flexibility and permanent death benefit protection with the opportunity to direct net premiums into the policy's Separate Account divisions and the Guaranteed Principal Account (GPA). You can direct a portion of your net premium payments to any of the investment options available through the separate account depending on the particular variable life product. Each investment option offers a different level of risk and growth potential. MassMutual variable universal life insurance products, through the Separate Account divisions, have available a wide array of investment options from some of the country’s most recognized fund companies. 

One feature of VUL insurance is its premium flexibility. You have the option to skip occasional payments as long as your policy has accumulated sufficient account value to meet the monthly deductions. This flexibility, along with the numerous riders you can add to your policy, allows you to customize your coverage and control your investment strategy. 

VUL is designed for individuals in need of permanent life insurance protection with an investment component. The policy’s death benefit can be used to replace lost income, transfer wealth to the next generation or fund a business continuation plan. During the insured’s lifetime, the account value that is accumulated can also provide “living benefits” in a tax-favored manner.¹ These “living benefits” can be used for college funding, supplemental retirement income or key employee benefits.

Prefer to speak to someone about variable universal life?

• Talk to a Financial Professional.

 

¹Withdrawals and decreases in Face Amount may have tax consequences.  You should consult your tax advisor.  Policy withdrawals are not subject to taxation up to the amount paid into your policy (your cost basis).  If the policy is a Modified Endowment Contract, policy loans and /or withdrawals will be taxable to the extent of gain and are subject to a 10% tax penalty.  Policy loans an/or withdrawals also reduce the cash surrender value and policy death benefit.  Taking a policy loan could have tax consequences if the policy terminates before the insured's death.

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.

 

Please read our Procedures to Discourage Excessive Trading.

 

 

Principal Underwriter MML Distributors, LLC 1295 State Street Springfield, MA  01111-0001	Wholly owned subsidiary of Massachusetts Mutual Life Insurance Company 1295 State Street Springfield, MA 01111-0001