"Not only do MassMutual's whole life products provide guarantees, they also provide the potential to earn dividends," added Glavin. "In fact, MassMutual has consistently paid dividends since the 1860s, and despite the current economic turbulence, we recently approved the payment of approximately $1.35 billion in dividends in 2009 to eligible participating policyholders -- the majority of which are those who have purchased whole life insurance."
Gregg A. Anderson, general agent of Commonwealth Financial Group, a MassMutual general agency located in Boston, Mass., said whole life insurance offers so many other benefits, as well.
"Whole life fits the bill for both security and flexibility," said Anderson. "It provides a guaranteed death benefit that never expires, guaranteed premiums with no surprises no matter what changes occur in the client's health, guaranteed cash values that increase each year, the ability to tap those cash values as needs arise, along with potential dividends that can be used for a host of needs."
Robert Ingber, brokerage director of The Island Financial Group, a MassMutual general agency in Woodbury, NY, added that there's one common outcome that all financial professionals want.
"It's to help their clients leave a legacy to the important people in their lives, and to do so in a way that provides them with financial flexibility during their own lives," Ingber said. "I've worked for 10 years to educate financial professionals and clients about how whole life insurance can help them achieve that goal."
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