Term life is affordable and premium payments remain the same for the amount of time that works best for your client, such as 10 or 20 years. And if your client’s needs change, many term policies have the option to convert to a permanent life insurance policy.
Your client’s lives change, so you need solutions that can help them keep up. A universal life insurance policy offers permanent life insurance with flexible premiums. This allows your clients to adjust the amount they pay each year–even month to month–as long as they have enough account value. In addition, MassMutual offers policies with a guaranteed death benefit.
We know that choice can make all the difference. So if your clients want a permanent life insurance policy that lets them make their own investment choices within their policy, consider variable universal life insurance (VUL). VUL allows flexible premium payments, allowing your client to choose the amount and the frequency of their payments within certain limits. A VUL policy provides access to many different investment options, which allows your client to choose options that align with their financial goals and tolerance for market and investment risk.