Variable Life Insurance

Variable universal life insurance (VUL) combines premium flexibility and permanent death benefit protection with the opportunity to direct net premiums into the policy’s Separate Account divisions and the Guaranteed Principal Account (GPA).1 You can direct a portion of your net premium payments to any of the investment options available through the Separate Account depending on the particular variable life product. Each investment option offers a different level of risk and growth potential. MassMutual variable universal life insurance products, through the Separate Account divisions, have available a wide array of investment options available from some of the country’s most recognized fund companies.

One feature of variable universal life insurance (VUL) is its premium flexibility. You have the option to skip occasional payments as long as your policy has accumulated sufficient account value to meet the monthly deductions. This flexibility, along with the various riders you can add to your policy, allows you to customize your coverage and control your investment strategy. Available riders may have an additional cost.

Variable universal life insurance (VUL) is designed for individuals in need of permanent life insurance protection with an investment component. The policy’s death benefit can be used to replace lost income, transfer wealth to the next generation or fund a business continuation plan. During the insured’s lifetime, the account value that is accumulated can also provide “living benefits” in a tax-favored manner.2 These “living benefits” can be used for college funding, supplemental retirement income or key employee benefits.

1 Guarantees are based on the claims-paying ability of the issuing company.

2 Withdrawals and decreases in Face Amount may have tax consequences. You should consult your tax advisor. Policy loans and/or withdrawals also reduce the cash surrender value and policy death benefit. Taking a policy loan could have tax consequences if the policy terminates before the insured’s death.

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July 24, 2013

Life Insurance

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