Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Mar 31, 2021

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It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

The Facts of Life

  • MassMutual was founded in 1851.
  • Some MassMutual life insurance policies have dividend payout opportunities.
  • MassMutual has superior third-party ratings.

The age of a life insurance company is usually a good indicator of the security of your future. Life insurance is that safety net for your loved ones after you’ve passed away, and you want to make sure you’ve chosen the best company to protect you.

What is MassMutual? MassMutual was founded in 1851 and is a mutual company with shared ownership across policyholders. Some of its members even vote for Board of Director seats and share in dividends.

Read on to learn about MassMutual life insurance, MassMutual’s life insurance calculator, how long it takes to get a check from MassMutual, investment reviews, and other factors that will help you determine where MassMutual stands in the list of best life insurance companies for you.

Ready to start comparing quotes? Enter your ZIP code to find local life insurance quotes so you can make an informed decision before you buy life insurance.

Is MassMutual Life Insurance right for me?

MassMutual is a secure, stable company with a lengthy background, which usually offers a sense of reliability to its customers. The company’s dividend payout for 2020 was $1.7 billion, which benefits members and owners of specific policies.

Keep reading this guide to learn more about MassMutual and what benefits MassMutual life insurance policies include that can help you. 

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Who does MassMutual Life Insurance cover?

MassMutual life insurance policies have a variety of coverage types. Keep reading to learn more about the specifics of these affordable life insurance contracts.

According to MassMutual customer complaints and satisfaction reports through third-party ratings, the coverage is adequate. In 2020, in J.D. Power’s life insurance study, MassMutual ranked in the top 10 of 23 life insurance companies for customer satisfaction.

However, its financial strength is outnumbered. MassMutual has the highest A.M. Best score for operating performance. In 2020, A.M. Best gave MassMutual an A++ (Superior) ranking.

How much does MassMutual cost?

MassMutual life insurance is a relatively average price in the life insurance world.

Check out the table below to compare MassMutual with other nationwide providers.

What kinds of life insurance policies are available from MassMutual?

There are 15 different MassMutual life insurance policies across three product types: term, whole, and universal.

Term Life Insurance 

Term life insurance is ideal for those who are looking for life insurance only. It’s an affordable option that offers coverage over a 10-, 20-, or 30-year period.

MassMutual’s term life insurance options offer guaranteed premiums, but do not provide the opportunities that MassMutual’s other life insurance programs do. 

Term life insurance covers certain obligations the policyholder would leave behind that could burden their beneficiaries. It’s also one of the more affordable options that MassMutual provides. 

Whole life insurance expands a bit more on this. 

Whole Life Insurance

Whole life insurance from MassMutual Life is ideal for those who are seeking to earn dividends. This life insurance option offers guaranteed premiums and benefits from growth in cash value.

However, MassMutual’s whole life insurance does not provide investment options for policyholders and beneficiaries, nor does it provide flexible premiums. 

Whole life insurance is a good option for those who need to meet a lifetime need or market fluctuations in retirement. It is also a good option for those that need to supplement their retirement income. With this type of plan, policyholders can leave a legacy for children or a charity. 

Universal Life 

For those looking for coverage long-term and flexible premiums with the potential to build your account’s value, universal life insurance may be right for you. Some of these policies offer guaranteed premiums, though none provide investment options. 

Policyholders may grow cash value, but that will depend on your interest rate. 

This is also an acceptable policy for someone who needs to supplement income or leave a legacy. 

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Is MassMutual Life Insurance right for me?

You’ve got the rundown on MassMutual life insurance. Now you can determine, is MassMutual a good life insurance company?

As we’ve learned, MassMutual has average life insurance rates, with an above-average financial security rating. It also has a wide variety of policy types that are sure to fit your needs.

Start comparing life insurance quotes from companies in your area. Enter your ZIP code now to use our free tool.

Frequently Asked  Questions: MassMutual Life Insurance Review for 2021

Are you still looking for more answers? Keep reading to learn the ins and outs of MassMutual life insurance and general life insurance questions.

#1 – How long do you have to claim MassMutual Life Insurance?

MassMutual doesn’t give members a set number of days before they can no longer file an insurance claim. However, calling your life insurance company should be one of your first moves upon the policyholder’s death; this is especially true if you need those funds to cover the funeral.

Contact your financial professional, submit a notification, or call MassMutual at 800-272-2216 as soon as possible if this is the case.

Due to the COVID-19 pandemic, processing times may be delayed by up to 15 days.

#2 – How much can you borrow from your MassMutual Life Insurance policy?

If you have a whole life insurance policy, you can borrow from your cash value for pretty much any reason — college, emergencies, etc.

The consequences of borrowing from your insurance policy include the chances that the policy will lapse, reduction in policy cash value and death benefit, and possibly a tax bill if the policy terminates before the death of the insured.

#3 – Do all MassMutual Life Insurance policies pay dividends?

No. Policyholders under whole life insurance policies get voting and payout rights. Dividends are never guaranteed.