Life Insurance Overview


A life insurance policy from MassMutual can help protect your loved ones in the event of your passing. There are two main types of life insurance: term and permanent. Term is for a specific period of time; permanent life insurance provides a death benefit that can last a lifetime, so no matter when you pass, your loved ones will receive a payment. And some of our permanent policies offer the opportunity to build cash value , which you’re able to use however you’d like.1











How does life insurance work?

With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy, income tax free. Term insurance is for a certain period of time, while permanent is for life as long as the premiums are paid.






Who should consider life insurance?

A woman holding a baby's hand

If you have anyone that depends on you financially or if you don’t want to leave your loved ones with burial costs or debt, then you should consider life insurance. And if you’re just starting out and want to lock in an affordable rate for when you have a family, different types of life insurance can help with that, too.

Life insurance can help with your financial goals

  • Cover your mortgage

  • Cover other debt including student and business loans

  • Pay for college expenses

  • Fund retirement goals for your spouse















What is the process for getting a life insurance policy?

Illustration - video conference call

When you work with a financial professional, you can expect:

    • 1. Analyze
    • During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives.

    • 2. Recommend
    • After looking at your entire financial picture, your financial professional will provide you with suggestions to fill in the gaps so you can choose the products best suited for your situation.

    • 3. Purchase
    • If you're satisfied with their recommendations, they work with you to secure the products and services to help ensure your financial future. This may require a medical exam.

    • 4. Review
    • Your financial professional will work with you over time through periodic reviews to help you monitor the strategies in place, and their capacity to continuously meet your goals.

Contact a Financial Professional







Why MassMutual

  • Since

    1851

    we've been helping people secure their financial future and protect the ones they love

  • More than

    $830B

    of life insurance protection in force as of 12/31/20

  • Named for the

    8th    

    year in a row to World's Most Ethical Companies list by Ethisphere® Institute

  • Delivered

    $6.2B

    in life insurance and annuity benefits paid in 2020




1 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 Dividends are not guaranteed.

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).

Securities offered through registered representatives of MML Investors Services, LLC (MMLIS), Member SIPC® (www.SIPC.org), or a broker-dealer that has a selling agreement with MML Distributors, LLC (MMLD), Member SIPC®, or MML Strategic Distributors, LLC (MSD). MMLIS, MMLD, and MSD are subsidiaries of Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001, Members FINRA (www.FINRA.org).