Term Life Insurance

If you need life insurance, but aren’t sure you can afford it, a term life insurance policy may be a great option. With a term life insurance policy, you choose how long you would like the policy to cover you. You’re able to select a term policy for a period of time that works best for your needs, such as 10, 20, or 30 years. Term life is affordable and your premium payments are generally guaranteed to remain the same for the term period you select.

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How much life insurance do I need?

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Term features and benefits

Death benefit

In the event of your passing, your beneficiaries will receive a lump-sum payment to help cover things like college tuition, income gaps, or paying off the mortgage.

Affordable

You can get the coverage you want at the price you can afford. Most term policies have level premiums that are guaranteed for a specific period of time (usually 10 or 20 years).
Convertible

You can convert many term life insurance policies to permanent life insurance without any medical questions or exams.1
Converting also allows you access to different types of life insurance that offer financial benefits such as protection for life and cash value .

 

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Compare term life to permanent life insurance options

Average monthly term life insurance rates

MassMutual Term, $100,000 coverage, 20-year term insurance, excellent health2

age at purchasemalefemale

25

$10.36

$9.66

35

$10.79

$9.84

45

$17.93

$15.06

55

$39.24

$29.24

65

$111.80

$76.39

What is the process for getting a term 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 help reduce 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. Learn more about our Underwriting Practices

    • 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

Why MassMutual

since

1851

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

Nearly

$1.1T

of life insurance protection in force as of 12/31/25

Listed

#102

on the FORTUNE 500© list3

delivered

$10.3B

insurance and annuity benefits paid to policyowners and other customers in 2025

What's behind MassMutual's financial strength

1 Conversion periods and conditions may vary by product.

2 Rates based on MassMutual Term, $100,000 coverage, 20-year term, ultra-premium non-tobacco underwriting category. Actual rates will vary.

3 From FORTUNE. ©2026 FORTUNE Media IP Limited. All rights reserved. FORTUNE 500 (June 2025) is a registered trademarks of FORTUNE Media IP Limited and is used under license. FORTUNE and FORTUNE Media IP Limited are not affiliated with, and do not endorse products or services of MassMutual.

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).