Additional Protection for Key Executives
Access to Cash Value Provide Executive Bonus Succession Planning Estate Equalization Key Employee Retention Key Person Insurance
|
Insurance, Annuities, and Investments
Additional Protection for Key Executives
Access to Cash Value Provide Executive Bonus Succession Planning Estate Equalization Key Employee Retention Key Person Insurance
|
Employee Benefits for All Shapes and Sizes
MassMutual offers a comprehensive suite of employee and executive benefit solutions that includes life insurance, disability income insurance and retirement plan services. Learn how our workplace benefit solutions can help your employees secure their financial future and protect the ones they love.
1 Distributions under the policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 10% tax penalty. Access to cash values through borrowing or partial surrenders will 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 The death benefit on certain corporate owned policies may be taxable unless certain requirements are met.
The information provided is not written or intended as specific tax or legal advice. MassMutual, its employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual) Springfield, MA 01111-0001 and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company, Enfield, CT 06082.