MassMutual is a trusted insurer for its financial stability. It has continued to operate since 1851 and has earned high financial strength ratings. These factors show that policyholders can depend on insurance policies from MassMutual.
MassMutual is also a mutual company, which means that it is owned by the policyholders instead of shareholders, which allows MassMutual to focus primarily on the needs of its policyholders.
Founded in 1851, MassMutual has stood the test of time, which is important when choosing an insurer. You want to pick a company that is financially stable, so many years of industry experience are a good sign.
When buying a life insurance product, you'll want to check the financial ratings. MassMutual has also earned high financial strength ratings, which indicates its likelihood of being able to make claims payments.
These current high ratings combined with MassMutual's industry experience make it a trusted life insurance company.
MassMutual also has a favorable company structure. It is a mutual company which means that the policyholders own the company and that MassMutual doesn't have to answer to shareholders.
This structure means that MassMutual is focused on what's best for its policyholders. Permanent life insurance policyholders are also eligible to receive dividends when the company does well.
MassMutual offers term life insurance policies that can be converted to a permanent policy later. This offering allows you to buy the coverage you need sooner at more affordable rates and convert your policy later when your financial situation changes.
MassMutual underwrites the life insurance policies from Haven Life. Haven Life was one of the first companies to offer an online life insurance quote, application, and purchase experience.
Haven Life is one of the top-ranked companies on Best Company. Read our Haven Life profile to learn more about Haven Life.
MassMutual offers its policyholders a helpful app. Through the secure app, you can manage your life insurance policy. This makes paying monthly premiums and viewing necessary tax forms convenient when you're a policyholder.
In addition to life insurance products for individuals, MassMutual offers group whole and universal life insurance policies that employers can include in their benefits package. Employers can benefit from working with MassMutual to attract and keep top talent.
While MassMutual offers general information about the kinds of life insurance policies it offers online, it's difficult to find information about what coverage levels are available and the underwriting process.
Underwriting is how insurers determine whether or not to issue a life insurance policy and at what rate. You can find fully underwritten policies that require a medical exam and simplified underwriting that goes much faster. Sometimes you can get a better rate by choosing a fully underwritten policy.
While you can view quotes and apply for a MassMutual ® Direct Term policy online, it's unclear what the quote and application process look like for MassMutual's permanent policies. You may need to reach out to one of its professionals in your area to learn more about cost and applying.
MassMutual has a limited number of customer reviews on BestCompany.com, which makes it difficult to make a conclusive recommendation based on the customer experience.
However, MassMutual has high financial strength ratings, has stood the test of time, and offers several life insurance options. These factors make MassMutual life insurance worth exploring further.
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