Life insurance can be the foundation of your family’s financial security. Changes in your family, your employment, or the economy could leave you under-protected. We offer a broad range of life insurance products and tools to help you evaluate your protection needs. Using the Lifetime Economic Value calculator and talking to a MassMutual Financial Professional can help you identify your coverage needs. Having an appropriate amount of life insurance as part of your financial strategy can help give you peace of mind.

What is life insurance?

Life insurance offers financial protection for your family and beneficiaries when you die. Some policies also accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education or cash for emergencies.

Who needs life insurance?

So much depends on your needs and your income. If you have loved ones who rely on you for their financial well-being, life insurance helps ensure that their financial future isn’t left to chance.

What is covered under a life insurance policy?

There are many types of life insurance policies that offer a variety of features and benefits. The basic principle of a life insurance policy is that it pays your beneficiary a specified amount of money when you die in exchange for regular payment of premiums.

What are the different types of life insurance?

There are two basic types of life insurance: Term Life Insurance and Permanent Life Insurance.

Term Life Insurance
Term can be a good option for those who have a specific need for coverage for a certain period of time, or for a cost that is generally lower than permanent insurance.

Permanent Life Insurance

For those who prefer the added flexibility and security of owning life insurance that provides coverage throughout their entire lives, an appropriate option may be permanent life insurance. In many instances, people find that their objectives are best met with a combination of both term and permanent life insurance. What are the different kinds of permanent insurance?

Whole Life Insurance
Whole life insurance provides protection for a lifetime as long as the policy is in force. It offers a combination of guarantees that you can