Worksite Stronger.
Understanding the benefits of
Group Whole Life.

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Offer employees a whole lot more.

Employees may be familiar with the temporary, cost-effective protection of Group Term Life insurance — but you can potentially improve their short- and long-term financial well-being by offering Group Whole Life insurance issued by Massachusetts Mutual Life Insurance Company (MassMutual®). See how our Group Whole Life insurance compares to typical group term life insurance and can help you build a stronger benefits package that can offer more protection and greater flexibility.

   

MassMutual Group Whole Life Insurance

Group Term Life Insurance

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Overall Value
  • More than just a death benefit — includes several guarantees and living benefits1
  • Typically limited to just a death benefit

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Premiums
  • Guaranteed level premium for a lifetime
  • Higher cost for greater long-term value
  • Level premium generally limited to duration period and may increase upon renewal, if available

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Death benefit
  • Permanent coverage
  • May elect the dividend option: Paid-Up Additions, which can increase the death benefit and cash value at no additional cost2
  • Coverage terminates at end of duration period
  • Death benefit may reduce at older ages

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Cash value
  • Guaranteed cash value for the life of the certificate
  • Increases over time
  • Not affected by market changes
  • Does not typically produce any cash value

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Chronic Care Benefit3
  • Automatically included
  • Can provide a portion of the death benefit if the insured is certified as having a chronic illness3
  • Generally not available

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Dividends
  • Though not guaranteed, certificate owners can receive dividends as cash, paid-up additional insurance, or reduction of future premiums4
  • Typically not eligible for dividends

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Continuation of coverage
  • Permanent coverage regardless of change in employment or retirement
  • Coverage may not continue when employment ends or at retirement
  • Can sometimes be continued at a higher cost

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FOR EMPLOYERS. NOT FOR USE WITH EMPLOYEES.

1 Coverage and benefits will continue as long as all premiums are paid when due and the certificate remains in force.

2 Dividends are not guaranteed. The certificate is eligible to receive dividends beginning on the second anniversary.

3 Riders and other features, such as the Chronic Care Benefit provision, under the certificate may be available for an additional premium or have a fee when exercised. The Chronic Care Benefit is not approved in Massachusetts.

4 Available after porting.

Certain features may not be available in all states. State variations will apply.

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.