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Life Insurance Product Comparison


whole life

universal life

Universal life

who is it good for?

  • Needs life insurance only
  • Most affordable option
  • Offers coverage for a specific period of time -often 10, 20, or 30 years

Values guaranteed premiums, cash value growth, and the potential to earn dividends1 – all in a policy that provides lifetime protection

Interested in long-term coverage with flexible premiums and the potential to build account value

Wants investment options, flexible premiums, and long-term coverage in a single product

guaranteed premiums

Some policies have guarantees

Limited guarantees may be available

Flexible Premiums



Investment Options




Cash Value Growth

No cash value

Guaranteed growth

Based on the current interest rate (which cannot be lower than the guaranteed minimum rate)

Potential to increase or decrease based on performance of the underlying investment options

Potential to Earn Dividends




What Would I Use This For?

  • Cover a specific obligation, such as a mortgage or business loan
  • Meet a large life insurance need with the most affordable policy
  • Meet a lifetime life insurance need
  • Supplement retirement income 2
  • Weather market fluctuations in retirement 2
  • Leave a legacy for children or charity
  • Meet a long-term life insurance need
  • Supplement retirement income 2
  • Weather market fluctuations in retirement 2
  • Leave a legacy for children or charity
  • Meet a long-term life insurance need
  • Allocate premiums to investment options you choose
  • Supplement retirement income2
  • Leave a legacy for children or charity

What is the process for getting a life insurance policy?

illustration of two figures in virtual meeting

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

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

    • 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.

    • 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.

    • Review
    • Your financial professional can 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

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 (Springfield, MA 01111-0001).

Securities offered through registered representatives of MML Investors Services, LLC (MMLIS), Member SIPC® (, 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 (