Protecting tomorrow by planning today
Peace of mind
With MassMutual@WORK Group Universal Life Insurance, paying the target premium amount will guarantee coverage for the selected target coverage period as available for your plan, (20-year, 30-year, To age 85, or To age 100) provided your target premiums are paid on time and no loans or withdrawals are taken.
Value that grows
Depending on the premium you pay, your policy may accumulate account value to supplement your retirement income, pay for a child's education, or other needs.1
Paying more than the target premium will build account value and may extend the coverage beyond the target coverage period.
1 Withdrawals or loans from the certificate may have tax consequences. You should consult your tax advisor. Withdrawals are not subject to taxation up to the amount paid in to the certificate (cost basis). If the certificate is a Modified Endowment Contract, loans and/or withdrawals will be taxable to the extent of the gain and are subject to a 10% tax penalty.
Loans and/or withdrawals will also reduce the net surrender value and loans may reduce the death benefit. Taking a loan could have adverse tax consequences if the certificate terminates before the insured's death.
Group Universal Life insurance (GPUL), (policy/certificate forms MM-GPUL-2015 and MM-GCUL-2015, and MM-GPUL-2015 (NC) and MM-GCUL-2015 (NC) in North Carolina) is flexible premium, non-participating permanent life insurance. The GPUL policy and GCUL certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.