Variable Universal Life Insurance

We know that choice can make all the difference. So if you need a permanent life insurance policy that lets you make your own investment choices within your policy, consider variable universal life insurance (VUL). VUL has flexible premium payments, allowing you to choose the amount and the frequency of your payments within certain limits. A VUL policy provides access to many different investment options, which allows you to choose options that align with your goals and tolerance for market and investment risk.

Who should consider variable universal life insurance?

Variable universal life insurance allows you to control how your net premiums are invested. It’s important to note that your account value is tax-deferred, meaning it will not be taxed while it accumulates. Like universal life insurance, VUL insurance provides you a permanent death benefit with flexible premiums.

Variable universal life features and benefits

Death benefit

Most VUL policies allow you to choose a level of death benefit or one that includes account value. The death benefit can be used to replace lost income, leave a legacy for the next generation, or for anything else you choose.

Flexible premiums

As long as you have enough value in your account to pay for the monthly cost of insurance and administrative charges, you can vary your premium payments. Within limits, you can decide how much and when you will pay.

Account value potential

A variable universal life policy may accumulate account value, depending on the premium paid and investment performance. You can borrow from the account value for any purpose you choose.1

Investment options

With VUL, you can allocate net premium dollars among the investment options or to the Guaranteed Principal Account (GPA). The GPA is a fixed account; amounts allocated to the GPA earn guaranteed interest daily.


Compare life insurance options

What is the process for getting a variable universal life insurance policy?

Illustration - video conference call

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 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.

Contact a Financial Professional

Why MassMutual

  • 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 12/31/20

  • Named for the


    year in a row to World's Most Ethical Companies list by Ethisphere® Institute

  • Delivered


    in life insurance and annuity benefits paid in 2020

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.

Before purchasing a variable universal life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its underlying investment choices. For this and other information, obtain the prospectus for the policy and the prospectuses (or summary prospectuses, if available) for its underlying investment choices from your registered representative. Please read the prospectuses carefully before investing or sending money. 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 (