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?
Who should consider term life insurance?
Term life insurance can provide the coverage you need for a specific period of time. If you have anyone that depends on you financially, you should consider term life insurance as you may be able to get the coverage you need at an affordable price.
Term features and benefits
Death benefit
Affordable
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 .2
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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 health3
| age at purchase | male | female |
|---|---|---|
|
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?
There are two ways to apply for a term life insurance policy: online and through a financial professional. 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.
since
we've been helping people secure their financial future and protect the ones they love
more than
of life insurance protection in force as of 12/31/21
named for the
year in a row as a Best Place to Work for Disability Inclusion according to the Disability Equality Index®
delivered
in life insurance and annuity benefits paid in 2021
1 Conversion periods and conditions may vary by product.
2 Online term life insurance through Haven Life is non-convertible and cannot be converted to a permanent life insurance policy.
3 Rates based on MassMutual Term, $100,000 coverage, 20-year term, ultra-premium non-tobacco underwriting category. Actual rates will vary.
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).