Important Things To Know About MassMutual Life Insurance     

             

For many individuals, life insurance is one of those financial decisions they would rather not think about. However, in this article, we would review different life insurance policies offered by MassMutual to aid you get the perfect life insurance policy for you and your family.

About MassMutual

MassMutual is an old life insurance policy which was established in 1851 and was based in Springfied, Massachuesetts. In addition to various life insurance policies, MassMutual has many to offer such as: retirement planning, financial wellness expertise on topics like saving for college and estate planning. As a business owner, it’s advisable that you use MassMutual to manage business insurance and employee benefits packages like pension and other group life insurance.

MassMutual insurance Review

MassMutual is ranked as the best life insurance companies of 2022(tie)

Ranked 12th in best term life insurance companies of 2022(tie)

It was also ranked as 10TH in best universal life insurance companies of 2022(tie)

Pros

  • Mass mutual offers 15 main products in whole-life-insurance, term life insurance and universal life insurance.
  • It helps to build cash value for whole and universal insurance policies.
  • It pays dividends to policyholders

Cons

  • MassMutual lakes enough offering of online tools and services.
  • It requires medical exams in many of its policy
  • It has higher rating than many life insurance companies

Available nationwide, MassMutual offers 15 special products in three categories: whole, term and universal life insurance. Policies can be customized within those policies to fit your individual needs. Cash values are easily build with certain whole and universal policies over the life of the policy. You are allowed to borrow against the cash value and use the funds emergency expenses or end-of-life care.

Most of the products of MassMutual are sold through agents or financial advisors, so it’s not recommendable if you are interested and buying and managing your life insurance online. Online tools and services are not offered by MassMutual.

Compared to other companies, MassMutual tends to be rated on the higher side

MassMutual receives an A++  rating from AM best for outstanding financial strength, meaning the company is capable of paying claims, rates for the company’s product is higher than other competitors.

Bottom line:   

Among other life insurance companies, MassMutual offers a good variety of term, universal and whole-life-insurance products to customer around the world, but it tends to have a higher rate on average level than the companies in our rating. Many of the insurance products require not only a medical exam, but also wants you to purchase products through their agents or financial advisor.

How much does life insurance from MassMutual cost?

Pricing of life insurance depends on a number of factors individual to the placeholder. Some of these factors includes: your age, where you live, your gender, and your health and lifestyle. A medical exam is mostly required to determine your health status in other to places a risk value to your policy.

Other necessary factors includes the type of policy, the price of coverage you desire, the term of the policy, and if the policy contains benefit to help build your cash value.

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