Products address growing consumer desire for greater control and security
SPRINGFIELD, Mass., Nov. 11 /PRNewswire/ -- Continuing to evolve a new generation of whole life insurance products, Massachusetts Mutual Life Insurance Company (MassMutual) today announced the introduction of updated versions of three products and riders that provide guarantees and increased flexibility for policyholders.
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The three products -- Whole Life Legacy 65, Whole Life Legacy 10 Pay,
and Whole Life Legacy High Early Cash Value -- offer several rider options
that have been enhanced and are now available individually or in
combination for an unprecedented level of flexibility and affordability.
Samples of available riders include:
-- Additional Life Insurance Rider, which enables a policyholder to make
payments in addition to base premiums to increase a policy's death
benefit and accelerate its cash value growth without further proof of
good health, if certain conditions are met
-- Life Insurance Supplement Rider, which combines lower-cost term
insurance with permanent insurance to provide greater premium
flexibility, lower cost, and coverage over both the short and long term
-- Renewable Term Rider for greater affordability, which enables term
insurance conversion to whole life insurance over time, as needs and
Other available riders include Disability Protection with Waiver of Premium, Guaranteed Insurability Rider, Accelerated Death Benefit Rider, and Transfer of Insured Rider.
"MassMutual continues to create innovative products that help meet
consumer demand for stability and guarantees within financial plans," said
William F. Glavin Jr., co-chief operating officer, M
|SOURCE MassMutual Financial Group|
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