Insurance Solutions

Providing competitive voluntary worksite insurance solutions to complement employee benefits packages.

Group Whole Life Insurance

A group permanent life insurance option that provides life-long life insurance security and accrues guaranteed cash value.

 

For lifetime protection

Differentiate yourself from the crowd. By offering our Group Whole Life Insurance solutions, you’ll help employees be more prepared for the unexpected through permanent, portable, lifetime protection with built-in guarantees. Plus, the certificate builds cash value that they can borrow against at any time and for any reason.1

1 Access to cash values through borrowing or partial surrenders will reduce the certificate’s cash value and death benefit, increase the chance the certificate will lapse, and may result in a tax liability if the certificate terminates before the death of the insured.

Group Whole Life Insurance (GPWL), (policy/certificate forms MM-GPWL-2014 and MM-GCWL-2014, and MM-GPWL-2014 (NC) and MM-GCWL-2014 (NC) in North Carolina), is level-premium, participating permanent life insurance. The GPWL policy and GCWL certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Group Universal Life Insurance

A more customized life insurance fit that can meet evolving needs. With our group Universal Life insurance, employees choose the coverage amount and how long the coverage is needed—plus they can adjust how much they pay over time.

 

Protecting tomorrow by planning today

Fuel growth by partnering with employers to provide affordable, permanent, portable coverage with flexible premiums. Group Universal Life Insurance offers a more customized approach to life insurance to help with employees’ protection needs. 

Group Universal Life Insurance (GPUL), (policy/certificate forms MM-GPUL-2015 and MM-GCUL-2015, and MM-GPUL-2015 (NC) and MM-GCUL-2015(NC) in North Carolina), is flexible premium, non-participating permanent life insurance. The GPUL policy and GCUL certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Group Accident Insurance

A flexible, convenient insurance solution to complement benefits packages, offering that offers protection against accident-related expenses.

 

Accidents happen

Deliver a reassuring benefit to employees and employers. Our Group Accident Insurance solution helps employees prepare better for the potential financial impact after an accident. After an insured is injured by a covered accident, it provides the certificate owner with a lump-sum benefit, so they can spend less time worrying about expenses and more time healing.

MassMutual Group Accident Insurance provides limited benefits. Like most group accident and health insurance policies, this policy has exclusions and limitations that may affect any benefits payable. Some benefits have limited availability based on age. Benefits payable are subject to the terms and conditions of the policy. MassMutual has the right to change rates and may cancel the policy at any time. The policy, its name, provisions, covered benefits, and optional riders may vary or be unavailable in some states. See the actual policy or contact your MassMutual representative for specific provisions and details of availability.

Group Accident Insurance (GPAC), (policy/certificate forms MM-GPAC-2015 and MM-GCAC-2015, and MM-GPAC-2015 (NC) and MM-GCAC-2015 (NC) in North Carolina) is limited benefit, non-participating group insurance. The GPAC policy and GCAC certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001

Group Critical Illness Insurance2

A simple, straightforward insurance product that provides a lump-sum benefit that can be used to offset out-of-pocket expenses in the event of a covered critical illness. 

 

Ease the financial impact of a critical illness

Provide a solution that will help ease the financial impact that a critical illness can bring to employees and their families. Group Critical Illness Insurance provides the certificate owner with a lump-sum benefit that can help cover personal or medical expenses in the event of a covered critical illness like a heart attack, stroke, or invasive cancer.

2 A limited supplemental insurance that is also referred to as Group Specified Disease Insurance.

MassMutual Group Critical Illness Insurance provides limited benefits. Like most group accident and health insurance policies, this policy has exclusions and limitations including a pre-existing condition exclusion and reduced benefit period which may affect benefits payable. Benefits vary by age. Benefit amounts, covered conditions and optional riders may vary or be unavailable in some states. Lump-sum benefits are paid for the initial occurrence and, in most states, for up to two additional recurrences of the same covered condition. A waiting/treatment free period between dates of diagnosis is required and there is an aggregate benefit limit per certificate. MassMutual may have the right to change rates and may cancel the policy at any time. The policy, its name, benefits and provisions may vary or be unavailable in some states, and some states require the insured person to have major medical or minimum essential coverage on the effective date of this coverage. For costs, availability and complete details of this coverage, please contact your MassMutual representative.

Group Critical Illness Insurance (GPCI), (policy/certificate forms MM-GPCI-2015 and MM-GCCI-2015, and MM-GPCI-2015 (NC) and MM-GCCI-2015 (NC) in North Carolina) is limited benefit, non-participating group insurance. The GPCI policy and GCCI certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Executive Group Life Insurance

Life insurance solutions for top executives that offer higher death benefit amounts to help their families  preserve their current lifestyle.

 

Improving executive benefit solutions

Offer a powerful solution that can provide substantial additional benefits to your most valued employees.  Executive Group Life (EGL) is a valuable and flexible employer sponsored group life insurance program specifically designed for top performing executives. EGL gives executives access to potentially higher coverage amounts than are typically available under a company-sponsored group term life insurance plan.

With EGL, the executive population is carved out of the company’s group term insurance pool and placed in an executive pool. This strategy excludes the higher coverage amounts from the group term life plan and can decrease the group term life plan costs. Executives can take advantage of the potentially higher benefit value of the insurance products offered under EGL, while the cost to the company is often offset by the reduction in the group term plan costs.

Executive group life insurance policies are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Executive Disability Income Insurance

An individual disability income insurance offer for highly compensated employees. Helping to reduce a potential disability income gap and attract top talent. 

 

Protecting executives’ most valuable asset: income

Making Executive Disability Income insurance available to your key executives can reduce the financial risks that disability poses. An illness or injury that prevents these executives from working could cause them to lose a sizable portion of their income. Employer provided long-term disability (LTD) policies often don’t cover bonuses or incentive compensation, which can create a disability income gap for top performing executives. Executive Group Disability Income insurance can add to employee benefits programs* for highly compensated employees while reducing a potential disability income gap for highly compensated employees.

* Note: There may be implications under the Employment Retirement Income Security Act (“ERISA”) depending on how disability income insurance policies are made available to the employees and whether such an arrangement constitutes an “employee benefit plan” under ERISA. Employers should consult their own tax and legal advisors for further information on potential ERISA implications.

Disability income insurance policies issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. Policies have exclusions and limitations.

Thought Leadership

There are benefit and quality-of-life consequences to working a long-distance job.

Injuries happen. Disability income insurance can help lighten the financial burden. 


Ways for a business to attract and retain great employees.

Portability for these products may not be available in all states.

The information provided is not written or intended as specific tax or legal advice. MassMutual, its subsidiaries, employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.

 

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