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Universal Life Insurance

Your life changes, so you need options that can help you keep up. A universal life insurance policy offers permanent life insurance with flexible premiums. This allows you to adjust the amount you pay each year – even month to month – as long as you have enough account value. You may also choose a policy with a guaranteed death benefit , which means your family is guaranteed to receive a lump sum of money in the event of your passing.

How much life insurance do I need?


Who should consider universal life insurance?

Universal life provides coverage for your family or business with flexible premiums that may allow you to pay for life insurance on your schedule. Universal life insurance policies may also build cash value that can be used for any reason. Flexible universal life insurance premiums may be especially helpful for those who own their own business or whose jobs may provide a paycheck that varies month to month.

Universal life insurance features and benefits

Death benefits

Universal life insurance provides permanent coverage so that in the event of your passing, your family is protected. Some universal life policies offer an option to guarantee the death benefit as long as specified premiums are paid.

Flexible premiums
As long as there is enough value in your policy to cover the cost of insurance and administrative charges, you can decide how much premium to pay within certain limits. This means you have the option to pay extra sometimes, and less when you might need to.

Build account value

Depending on the premium you choose to pay, your policy may build account value. And if your policy builds enough account value, you can borrow from your policy for any reason you choose.1


Compare life insurance options

What is the process for getting a universal 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

Why MassMutual



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 12/31/23*

named for the


year in a row as a Best Place to Work for Disability Inclusion according to the Disability Equality Index®



insurance and annuity benefits paid to policyowners and other customers in 2023*

1 Access to account values through borrowing and/or withdrawals will reduce the cash surrender value and may reduce the policy death benefit. Taking a policy loan could have adverse tax consequences if the policy terminates upon lapse or surrender or before the insured's 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).