Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Sep 24, 2021

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The Truth in a Nutshell

  • MassMutual Life Insurance Company offers life insurance, investment, and retirement opportunities
  • You can pay as low as $9.23 per month for term life insurance
  • A.M. Best gave MassMutual an A++ rating
  • Policyholders can only cancel through a phone call

MassMutual Life Insurance Company is one of the top insurance companies in the United States. MassMutual, or Massachusetts Mutual Life Insurance Company, provides a variety of life insurance products along with retirement and annuity options.

But how much do MassMutual life insurance rates cost? Life insurance prices are usually the focus of many frequently asked questions.

Our MassMutual life insurance review explains everything you need to know about MassMutual life insurance quotes, why life insurance is so expensive for older policyholders, what products are available, and analyzing the financial ratings of a MassMutual.

Why stop at Massachusetts Mutual Life Insurance Company? Enter your ZIP code in our free comparison tool above to see what the best companies in your area have to offer.

How much is MassMutual life insurance?

All life insurance is determined by age, health, lifestyle, and coverage amount (also called death benefit). MassMutual Company (Mass Mutual Company) follows this formula, too. So how can you get affordable MassMutual life insurance?

Let’s look at some sample term life insurance rates from MassMutual to give you an idea of how life insurance factors affect monthly premiums.

Comparing Monthly MassMutual Life Insurance Rates by Age, Gender, and Smoker Status
Age of PolicyholdersMonthly Life Insurance Rates for Non-Smoking Males (100K for a 10-Year Term)Monthly Life Insurance Rates for Non-Smoking Females (100K for a 10-Year Term)Monthly Life Insurance Rates for Smoking Males (100K for a 10-Year Term)Monthly Life Insurance Rates for Smoking Females (100K for a 10-Year Term)
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We choose to look at $100,000 death benefits to show you how cheap MassMutual life insurance is determined. However, smokers pay much more for the same policy type.

If you want more on your term life insurance policy, you’ll pay more money for coverage per month. Age is also a significant factor. You can see how term life insurance gets more expensive as you get older.

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What products are available at MassMutual life insurance company?

MassMutual has an abundance of life insurance, annuities, and other services that can help you maintain your estate for several generations.

In addition to disability income insurance, MassMutual 401(k), and Mass Mutual retirement opportunities, you have various life insurance policies you can choose from, such as:

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance
  • Variable Universal Life Insurance
  • Direct term life insurance

Term and whole life insurance policies are the most straight-forward policies you can purchase. You’ll need to decide what limits benefit you the most before you buy MassMutual life insurance.

The universal and variable universal life insurance plans are more complex. Therefore, you might need a financial professional to help you understand what’s happening with your universal life insurance policy.

Direct term life insurance is the only policy you can apply for online, and get an immediate decision. You can select a term of 10, 15, 20, 25, or 30 years. You will need to complete a medical exam (in fact, you have 90 days after you apply to complete the exam). The results from your exam could affect your policy terms and premiums.

If you know more about investments and stocks, take advantage of your MassMutual login and check your universal life insurance perks’ status.

Does MassMutual Life insurance company have a good overview?

That’s a matter of perspective. However, you can look at a company’s performance by reviewing its customer satisfaction ratings and financial strength.

A.M. Best and J.D. Power are two rating agencies that review insurance companies’ performance around the world.

According to A.M. Best, MassMutual has a financial strength rating of “A++” and a credit rating of “aa+.” Under A.M. Best standards, these are considered the best ratings at the agency.

This means MassMutual has a stable financial strength, low credit risk over a long period, and has a superior ability to meet insurance obligations.

What about customer reviews? J.D. Power reported that MassMutual ranks in the top life insurance companies in 2020. MassMutual is number ten in life insurance companies with the best overall customer satisfaction.

How do I cancel my MassMutual life insurance policy?

You just signed up for MassMutual, but you’re having second thoughts about continuing with the Massachusetts-based company.

MassMutual has a 10-day free look period. That means you can cancel without penalties or fees.

So how do you cancel? Call MassMutual customer service phone number at 1-800-272-2216. Tell the representative you want to cancel your MassMutual policy.

Canceling within the free look period makes it easier for you and MassMutual since it takes about ten days to finalize the policy.

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What is MassMutual Life insurance company?

George W. Rice founded MassMutual in 1851 in Springfield, Massachusetts. The company has about 8,000 employees and earns over $20 billion in revenue each year. As a mutual company, it doesn’t have shareholders. Its members and participating policy owners share in its ownership and are entitled to vote for its board of directors. They are even eligible to get dividends.

The company has been through the rigors of the American Civil War and The Great Depression. Today, it still stands as an insurance powerhouse with life insurance opportunities, annuities, and retirement.

MassMutual Life Insurance: What’s the bottom line?

MassMutual is one of the most flexible life insurance companies in the United States. It carries cheap life insurance for younger policyholders, a list of optional riders, and investment and retirement solutions.

According to the third-party ratings, MassMutual’s is a good company. Since it’s been in business for hundreds of years, that may be an accurate statement. The company offers a free life insurance program for low-income families, and you can manage your account with the mobile app. You can also consult with a financial professional about your needs.

On the other hand, medical exams are required for all policies, and online quotes are not available. Final expense policies are also not available.

Before you decide on MassMutual life insurance, use our free online quote tool to see what companies in your local area have reasonable rates for insurance.