Press Esc to close

life insurance

Whole Life Insurance

Whole life insurance is a powerful way for you to help protect your loved ones, now and in the future. By offering permanent protection with premiums that never increase, whole life allows you to provide for your family even when you can’t be there for them. But that’s not all — unlike some other forms of life insurance, whole life policies build cash value you can use while you are living to help meet a wide range of your financial goals1.

Death Benefit - When you choose whole life insurance to protect those who matter most, you choose protection that is guaranteed to last a lifetime. Your premium will never go up and the guaranteed coverage amount won’t change. So whether you just experienced the birth of your first child, or you are several years into your retirement, you can feel the comfort of knowing you’re covered.

Build Cash Values - Many people choose whole life insurance because it can help them reach financial goals while they are living. A whole life insurance policy accumulates cash value which is guaranteed to increase over time. You can borrow from your policy for many different reasons, including to help pay for college, supplement your retirement income, or provide cash for emergencies1.

Opportunity to Earn Dividends - Whole life policyowners are also eligible to receive divedends. Any dividends you receive can be used to increase your life insurance protection and grow your cash value. Although they are not guaranteed, MassMutual has paid dividends to eligible participating policyowners consistently since the 1860s.

Term Life and Annuity

If you want an affordable option to protect your loved ones, term life insurance may be for you. Term life provides insurance for a limited period of time, such as 10 or 20 years, typically with the option to convert to a more permanent solution. With this approach, term life allows you to meet your life insurance needs at a price that fits your budget, so you can feel confident that you’re prepared.

Death Benefit
Term life insurance provides affordable temporary protection that can help your loved ones meet ongoing financial obligations such as debts, mortgages or costs related to raising children. The death benefit is guaranteed for the life of your policy as long as you keep up with your premiums.

Affordable Coverage
If your priority is finding affordable life insurance, term can be a cost-effective solution. Most term policies have level premiums that are guaranteed for a specific period of time (usually 10 or 20 years). After this, premiums generally increase significantly.

Convert Your Policy
If you’re ready to transition to a more permanent type of life insurance in the future, we make it easy for you. By converting, you can take advantage of different types of life insurance that offer protection for life and cash value. With BUI, you can convert your term life insurance policy to lifetime coverage without any medical questions or exams1.