Mass Mutual Term Life Insurance Review

Mass Mutual Term Life Insurance Review
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    Mass Mutual Term Life Insurance Review– The Massachusetts Mutual Life Insurance Company, or as it is more commonly known, “Mass Mutual” is a top rated life insurance company.  That said, Mass Mutual is not for everyone. They aren’t the best life insurance company for every situation. There are actually many reasons why you may want to think about going with one of their competitors.  

    Mass Mutual Insurance Company

    Financial Strength
    Review Summary

    Mass Mutual has an excellent financial rating by A.M. Best - however, their term life insurance options are limited and can be more expensive vs the competition.

    Above Average

    About Mass Mutual

    Mass Mutual has an A++ rating from A.M. Best and a company history that goes back over 100 years. Massachusetts Mutual Life Insurance Co. is an elite life insurer. They are also a mutual company, which means they are owned by their policyholders.

    Mass Mutual Financial Ratings

    Financial Strength

    How to choose? If you’re comparing companies & looking to choose from two carriers, one rated A+ and one rated A++, either one is likely to be there when you need it. However, if you’re picking carriers that are rated B+ and A+, financial strength could factor in your buying decision. Try to avoid companies that 1 or more financial agencies rate as potentially vulnerable.

    Mass Mutual Products

    MassMutual sells a variety of life insurance plan options. These include whole life, universal life, variable universal life, and term life insurance. All of their plans require a medical exam underwriting and are sold directly from MassMutual representatives.

    Term Life Insurance

    Term life insurance is temporary coverage. Companies that specialize in term life insurance should have a healthy range of term length options.

    Mass Mutual’s Term Options Are Limited!

    While Mass Mutual does offer term lengths of 10, 15, and 20 years, they unfortunately do not offer 25 or 30-year terms. This may not be of much concern to people who are over 50 years old, but if you are younger, chances are you’re going to need that longer term length.

    Mass Mutual Can Be Difficult for “High-risk” Applicants

    If you have a preexisting medical condition, you may be classified as a “high-risk” case. See, insurance premiums are based on health ratings that are determined by your current state of health and medical condition, with the cheapest rates being Preferred Plus and the most expensive being Substandard.

    life insurance tip

    Mass Mutual tends to be overly cautious with applicants who have preexisting medical conditions, and you may end up paying more expensive rates even with lesser, non-threatening conditions. So, if you have a preexisting condition like high cholesterol, diabetes, high blood pressure, etc., you will probably want to go with another company.

    Mass Mutual Rates are Expensive

    We work with over 60 of the highest rated insurance companies in the USA and are familiar with the policies of a lot more. When it comes to Mass Mutual’s rates, they just don’t measure up to the competition when it comes to affordability. To put it all into perspective, let’s look at an example based on a real-life scenario:

    Let’s say Rose is a 40-year-old woman seeking a $500,000, 20-year term life insurance policy. She is in great health and is a nonsmoker, so she qualifies for Preferred Plus rates.

    Here are what she’s likely to be offered from some of the top companies, including Mass Mutual:

    As you can see, Mass Mutual is a lot more expensive. In fact, “Rose” could end up saving around $110 every year if she opts to go with another company. At the end of the 20-year term, she would end up saving $2,200.

    Will Mass Mutual give you the best rate?

    Will Mass Mutual or some other company like AARP, CMFG Life, or Equitable Life Ins get you the best deal? If you want to make sure you’re getting the best life insurance policy available, here’s what you need to do…

    Compare Quotes

    Use our online instant calculator to compare rates from dozens of the top companies.

    Total Time Needed: 5 minutes
    Total Cost: 0 USD

    Required Tools:

    - A Computer.
    - Internet Connection.

    Things Needed?

    - A pen
    - A piece of paper

    Steps to get an accurate quote

    Use the calculator on this page or click the link above to visit our instant quotes page.
    Step 2 : Input coverage details
    Fill out the basics about what you’re wanting, how much coverage, for how long, etc. That way we can understand your situation before we can help you. Complete the calculator details as accurately as possible, and be absolutely sure your contact information is correct so we can reach you.
    Step 3 : Get help from a licensed agent
    Once you’ve filled out the calculator, one of our licensed agents will  provide you all your options and plan out who will provide you the best rate based on your specific health and goals. All of the recommendations will be based off of the details you provide. It’s very important that you're honest and answer your agent's questions accurately. 
    Step 4 : Compare realistic rates
    This is where we really begin working to figure out exactly which company will get you the best rate, and how to make it happen. There are literally hundreds of companies and thousands of policy options available. We'll make sure you get the best one based on what you'll qualify for.

    You Can Get Cheaper Rates By Comparing Companies

    We are an independent insurance agency, meaning we aren’t paid or offered incentives by any life insurance provider to cast them in a better light or push their services on applicants. 

    Instead, we compare rates across 60 of the top insurance companies to find the best ones for you. Now that you know that, you should also know that there are many Mass Mutual agents who will only show you rates from Mass Mutual, regardless of whether or not they have access to those of other companies.

    Check out these reviews to see if agents from GEICO, PrimericaAllstate and State Farm do the same thing.

    If you’re not sure where to begin, give us a call. Our agents provide a free, no-pressure, educational approach to life insurance. We’ll compare dozens of the top companies in minutes to show you your most affordable options.

    Mass Mutual Term Life Insurance Review

    Thank you for reading our post, Mass Mutual Term Life Insurance Review. You can get started with free life insurance quotes by using the quote tool on this page.

    To learn more about life insurance, make sure to visit our page Life Insurance 101 or find out how much you may end up paying for coverage on our Life Insurance Payout Amount page.

    Mass Mutual Term Life Insurance Review

    Mass Mutual Life Insurance Company Details

    Name(s): Massachusetts Mutual Life Insurance Company; MassMutual Financial Group; C.M. Life Insurance Company


    1295 State Street
    Springfield, MA 01111

    Phone: 800-767-1000

    Ratings:  A.M. Best (A++), Fitch (AA+), Moody’s (Aa2), Standard & Poor’s (AA+)

    Michael Quinn

    Michael Quinn

    Michael is a licensed life insurance agent, expert & owner of Life Insurance Blog. LIB has helped thousands of shoppers understand life insurance and secure affordable coverage.

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