Secure your financial future

Life can get complicated sometimes, but don’t worry. If you’ve got questions about financial planning, life insurance, paying for college, or retirement, we can help. Plan today, so you can feel more comfortable about tomorrow.

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Planning for your financial future

Not sure how to start or continue planning for your financial future? Consider these tips.

How to get started in just a few steps

If the idea of financial planning feels overwhelming, you’re not alone. A good place to start is with small steps that move you forward on your financial journey.

Watch this inspiring sit-down at the Basketball Hall of Fame, where basketball star and social media sensation, Jamad Fiin shares her journey with our financial professional, Lauren Conrad.

She opens up about what it takes to dream big, stay ready, and build a future that lasts. After all, behind every big dream is a smart plan—and the right guidance to make it happen. See how working with a financial professional can help turn big dreams into smart financial moves.

Learn 4 financial goals you can set now

Start financial planning with 3 baby steps

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The connection between financial, mental, and physical health

Your overall health encompasses more than just your physical well-being; it also includes your mental and financial health, which are deeply connected. The state of your finances and mental health can have a significant impact on your physical health, and vice versa. Caring for the well- being of others, such as aging parents and children, can also impact your overall health.

Learn how to manage caring for aging parents and children all at once

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How to craft a financial strategy for your family

Families who have loved ones with special needs may create a financial strategy that can resolve current issues, prepare for future needs, and establish a financial safety net to provide for the child as they grow older.

Read about financial strategies for individuals with special needs and their families

Explore resources for families

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Explore how taking a holistic approach helps you manage your finances for overall life goals.

Learn more about holistic financial planning

Life insurance

What is life insurance and how does it work?

Here are some common terms to know. These factors can impact the pricing and cost of life insurance:

Premium

This is the amount you pay the life insurance company for your policy. For most policies, you can pay premiums monthly, quarterly, semi-annually or annually. Some permanent policies can be paid up in as few as 8 years, while others have longer or lifetime premium periods.

Death benefit

Also called face value, this is the amount guaranteed to your beneficiaries at your death. The higher the death benefit, the higher the policy cost. Some policies offer a death benefit that increases over time. Loans or surrenders of the policy can reduce the death benefit.

Premium rate class

The price for your life insurance, or premium, is determined by your age at policy issuance and your rate class. Factors influencing rate class include family medical history, current health, and tobacco use. Younger, healthier individuals typically pay lower premiums.

Underwriting

This process involves completing an application and giving the insurance company access to your medical information. It may also require a brief medical exam. The collected information is used to determine coverage eligibility and rate class.

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Explore our life insurance products.

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There are two general types of life insurance:

Term life insurance

Designed to provide coverage for a specific period of time, such as 10, 20, or 30 years.

Pros to consider

Often the most affordable option.
The most popular policies have premiums that stay level.

Cons to consider

Doesn’t cover your entire lifetime.
When the initial term period expires, if you still need coverage you may be able to renew your policy (likely at higher premiums) or apply for a new one.

Permanent life insurance

Designed to provide coverage for your entire lifetime. Includes whole life insurance, universal life insurance, and variable life insurance.

Pros to consider

Many policies build cash value over time.
You can borrow from your policy for many different reasons, including to help pay for college, supplement your retirement income, or provide cash for emergencies.

Cons to consider

Generally has higher premiums.
Tapping a policy's cash value can reduce the death benefit, increase the risk of the policy lapsing, and lead to tax liability if it terminates before the insured's death.

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Explore our life insurance products.

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Many life insurance policies offer additional options, sometimes called “riders.” These may be available at an additional cost.

Think about your current and future needs, while exploring these other features.

Conversion option

Some term life insurance policies let you convert to permanent life insurance without a second underwriting process, locking in your insurability at your current health. This option is available for a limited time.

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Guaranteed insurability option

If you need to increase coverage, consider a policy with this option, which allows you to buy more coverage without another underwriting process. This is generally available only through permanent life insurance policies.

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Disability waiver of premium

This rider ensures your premium is waived and coverage continues if you become totally disabled and unable to work. The risk of disability during your working life is higher than you might think.

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Explore our life insurance products.

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Life Insurance Calculator

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How much life insurance do I need?

MassMutual's Life Insurance Calculator provides you with a quick and easy estimate of how much life insurance coverage you may need.

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Explore our life insurance products.

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College

Learn how to navigate saving, paying for college and managing student loan debt.

For many, saving for college is an important part of financial planning, whether through a 529 college savings plan or a customized strategy. Consider the “Rule of Thirds” to approach funding from three different perspectives.

Learn how you can easily start saving with the “Rule of Thirds” college planning strategy

Read about the pros and cons of 529 savings plans and discover alternative options to plan for college.

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College Savings Calculator

How much do I need to save for college?

It's never too early to start saving for college. Our college savings calculator can help you estimate how much to save for college tuition, fees, room, and board.

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Save for your child's education with a 529 college savings plan.

Why choose a 529 plan

Retirement

Your retirement planning journey should include a vision of what your retirement looks like and an income strategy that helps you make it a reality.

Income is vital to our well-being, both during our working years and in retirement. Use the 4-Box Strategy for income planning to align your retirement expenses with your different income sources.

Learn the four areas that can help maximize your retirement income

Understanding social security

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2024 Farrell Dolan Associates. The 4 Box Strategy® of income Planning is used by MassMutual with the express written consent of Farrell Dolan Associates.

The Tax Triangle consists of three smaller triangles: Tax-Advantaged, Taxable, and Tax-Deferred

Understanding retirement investments and the tax triangle

Tax diversification, also known as the “tax triangle,” is a strategy that can help you better position your accounts to fund your retirement. A qualified financial professional can help you create a diversified retirement strategy that fits your goals.

Review the tax triangle

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Retirement Income Gap Calculator

Will I have enough guaranteed income in retirement?

Understand what your expenses may be in retirement and calculate the gap between those expenses and your guaranteed income.

5 MINUTES TO COMPLETE

Quick Start

Enter your information in the calculator. If you have a partner, they can complete the calculator and together you can get a more complete picture of retirement.
To complete the calculator even faster, get your current monthly expenses ready and any pension or other expected retirement income.
Our calculation is just an estimate, not a guarantee. So even if you have an income gap, don’t worry. We’re here to help you find ways to close the gap and plan for the retirement you want.

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Whether you're just beginning your retirement savings journey or nearing retirement, we offer products and solutions that may help you retire comfortably.

Learn more about retirement products

Contact a financial professional

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Helping you secure your future

When you work with a financial professional, you’ll have someone who understands your unique financial needs and family situation—and how to tailor solutions around both.

Contact a financial professional

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Planning

Explore how financial planning can help you clarify your goals and priorities.

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Insurance

Discover insurance products that can help you protect the ones you love.

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