Pay Long Term Care Expenses
Without proper planning in place, you may have difficulty covering costs resulting from the need for long term care. If you have a loved one who requires care, you know firsthand how quickly the expenses can eat away at your savings. Our LTC and life insurance combination options help you cover the costs of your care if the need arises by providing a pool of benefits you can use to reimburse your expenses. This may allow you to protect your assets and help you get quality care.
When you choose whole life insurance to protect those who matter most, you choose protection that lasts a lifetime. Your premium will never go up and the coverage amount won’t change. So no matter what stage of your life you are in, you can feel the comfort of knowing you’re covered.
Build Cash Value
Many people choose whole life because it can help them reach financial goals while they are living. A whole life policy accumulates cash value which is guaranteed to increase over time. If your long term care or life insurance needs change, the cash value is available to you1.
Opportunity to Earn Dividends
Whole life policyowners are also eligible to receive annual dividends. Any dividends you receive can be used to increase your long term care benefits, life insurance protection and cash value. Although they are not guaranteed, MassMutual has paid dividends consistently since the 1860s.