Insurance, Annuities, and Investments
term |
whole life |
universal life |
variable |
|
---|---|---|---|---|
who is it good for? |
term
|
whole life Values guaranteed premiums, cash value growth, and the potential to earn dividends1 – all in a policy that provides lifetime protection |
universal life Interested in long-term coverage with flexible premiums and the potential to build account value |
variable universal life Wants investment options, flexible premiums, and long-term coverage in a single product |
guaranteed premiums |
term
|
whole life
|
universal life Some policies have guarantees |
variable universal life Limited guarantees may be available |
Flexible Premiums |
term No |
whole life No |
universal life
|
variable universal life
|
Investment Options |
term No |
whole life No |
universal life No |
variable universal life
|
Cash Value Growth |
term No cash value |
whole life Guaranteed growth |
universal life Based on the current interest rate (which cannot be lower than the guaranteed minimum rate) |
variable universal life Potential to increase or decrease based on performance of the underlying investment options |
Potential to Earn Dividends |
term No |
whole life 1
|
universal life No |
variable universal life No |
What Would I Use This For? |
term
|
whole life
|
universal life
|
variable universal life
|
term |
whole life |
universal life |
variable universal life |
During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives.
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.
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.
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.
1 Dividends are not guaranteed
2 Cash value may be accessed through borrowing or partial surrenders. This 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.
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).