MassMutual Guaranteed Life Insurance Review

Written by Jeff Root

As their name implies, MassMutual is a company built on the foundation of being a mutual insurance company. This means that the company is owned by its policyholders and operates on a more conservative basis. MassMutual is one of the oldest companies we review on this site and they are not going anywhere.

Primed to withstand difficult market and economic conditions, MassMutual guaranteed life insurance seems like a great option. However, it’s always great to review and compare multiple guaranteed acceptance carriers. Especially when making such an important financial decision for both you and your loved ones.

What You’ll Learn

About MassMutual Life Insurance
MassMutual Life Insurance Ratings
Policy Overview & Rates
Pros of MassMutual Guaranteed Life Insurance
Cons of MassMutual Guaranteed Life Insurance
Alternatives to MassMutual Guaranteed Life Insurance

Mass Mutual Guaranteed Acceptance Life Insurance ReviewIs buying a policy and becoming a partial shareholder in an insurance company right for you? Let’s find out.

This review of Massachusetts Mutual Life Insurance Company will provide you with background on MassMutual, details of their Guaranteed Acceptance Life Insurance, the pros, cons, and alternatives.

Let’s dive in.

Disclaimer: We are not MassMutual nor are we affiliated with MassMutual. If you’d like a quote or want to apply, you must contact the company directly or visit

About MassMutual Life Insurance

MassMutual is short for Massachusetts Mutual Life Insurance Company, which was founded in 1851 in Springfield, Massachusetts. The company started as a mutual life insurance company and is still one today. In fact, the popularity iofmutual insurance companies began because of MassMutual.

Throughout their years, MassMutual has operated with the goal of protecting the loved ones of the policyholders and securing a future for all. In the beginning, this was done solely with life insurance, but as of 1981, they offer a full suite of life insurance products and group benefits, such as pensions and universal life.

MassMutual Life Insurance Ratings

It’s hard to argue with MassMutual’s numbers and ratings. As a Fortune 500 company, MassMutual has grown to more than $500B in total assets, with $560B in life insurance policies in force, and over $5B paid out in 2016 alone.

MassMutual is a financially sound company, and because of this, they are considered one of the most dependable life insurance companies in the US. This is definitely evident in their ratings. Across the four major agencies who provide ratings of financial institutions, MassMutual is a straight-A student.

  • A.M. Best – A++
  • Fitch – AA+
  • Moody’s – Aa2
  • Standard & Poor’s – AA+

Without a doubt, MassMutual is a stable company that will make conservative decisions with your money and guarantees a timely payout.

MassMutual Guaranteed Acceptance Life InsuranceMassMutual Life Insurance Logo

Policy Overview & Rates

Face Amount Range: $2,000 – $25,000

Age Availability: 50 – 75

State Availability: All

Graded Period: 24 months

Premiums Returned: 10%

Riders: None available

How to Apply: Directly through the carrier

Pros of MassMutual Guaranteed Life Insurance

Guaranteed Acceptance Policy

MassMutual offers this product on a guaranteed basis, meaning you cannot be denied for coverage. There are zero medical underwriting, health questions, pharmacy reports, or credit checks. Anyone can receive this policy, although it’s meant for those who have been declined for insurance coverage by other carriers. This is not unique to MassMutual, however, as all guaranteed acceptance products are based on the same premise.

Alongside the no medical questions or underwriting, MassMutual has a 2-year graded period with accidental death coverage and a 110% return of premium if death occurs within the graded period.

Reputable Company & Financial Strength

As mentioned before, MassMutual is a reputable company with a strong financial position. They have some of the best ratings across all of the life insurance carrier reviews on this website. Since not all insurance companies are created equal and not all no questions policies are created equally, this matters. In fact, we always advise taking a companies history and rating into consideration when making a purchase. It could mean the difference between future headaches for you or your beneficiaries after you pass or a smooth transaction that eases the burden your passing brings.

Lower Coverage Amounts

Whenever there is a core feature that varies from the typical guaranteed issue policy, we usually consider it a strength, because it gives people options. With MassMutual, that one difference is that available policy amounts go as low as $2,000. Most other carriers begin at $5,000. However, although we consider this a strength, the truth is most people would not need coverage that low. Paying a monthly premium for only $2,000 would not provide your beneficiaries with very much protection after you’re gone. This is why most carriers begin at a higher amount because they understand the average cost of a funeral and other common final expenses.

Cons of MassMutual Guaranteed Life Insurance

Lower Age Availability

MassMutual will only insure people up to age 75, which is at least 5 years lower than most other top life insurance carriers like Gerber who insure people until at least 80.

Higher Premiums

MassMutual is one of the life insurance companies that spend a sizeable budget on marketing. As such they are also one of the companies that do not offer their pricing or a free quote on their website. They do state that “rates start at less than $10 per month,” but when you read the fine print, that rate is for $2,000 in coverage for a 50-year-old-woman. In other words, they found the most affordable case study that there possibly could be (females are always a lower rate than males), and used that as a baseline for “affordability.”

No Riders or Added Policy Benefits

Beyond price, there is value to be gained from some guaranteed acceptance life insurance policies while you’re still alive. These are not available through all carriers and could be an important part of your decision-making process. With MassMutual, there are no Riders or Accelerated Death Benefits.

If a feature like this is important to you, we suggest looking at our top high-risk life insurance companies, like AIG and Great Western, who offer living benefits at no or low additional costs.

MassMutual Uses a Mail-In Claims Process

In old-school fashion, MassMutual still requires that death benefit claims be processed through the mail. This can easily cause the claims process to take longer than expected. They mention that claims only take 10 business days to process, but mail delays can easily happen by no fault of yours or the carriers. It’s just the reality of traditional mail.

Alternatives to MassMutual Guaranteed Life Insurance

MassMutual is a strong company, but it’s not your only option. The best alternative to MassMutual is to work with an independent agency that can shop across multiple carriers to find the best price for you. Since life insurance is such an important decision, it’s best not to shortchange yourself with only one option. When you purchase a MassMutual policy, you have to go directly to the company and will not have multiple choices presented. This could lead to an impulse buy or feeling like you just don’t have enough information to make an educated decision.

What can you do instead? You can work with an independent agent who can shop across carriers, answer any questions you have and look at your unique circumstances to make appropriate recommendations. Just give us a call and let us earn your business!

Selecting the Best Guaranteed Life Insurance for You

You may have noticed that we are not an actual life insurance carrier. Instead, we are an independent agency that represents life insurance carriers. We are made up of a strong team of both experienced and highly knowledgeable agents that are licensed in every state. By working with us, you have access to dozens of carriers all under one roof.

If you are feeling good about moving forward to buy a guaranteed life insurance policy or simply have questions, give us a call. We can even provide you with no-obligation quotes across multiple carriers so you and your family can discuss in private. Not quite ready to speak with an agent? That’s okay! Right now you can access quotes for your exact age by using the free and easy quoter on this page. Instantly you’ll be presented with custom prices designed just for you or your loved one.

That’s a wrap! Thank you for taking the time to learn more about the MassMutual Guaranteed Acceptance Life Insurance policy! Feel free to keep learning about your options by reading our article about the best guaranteed acceptance plans right now.

About Jeff Root & Guaranteed Issue Life
About Jeff Root & Guaranteed Issue Life

Jeff Root is the author of The Digital Life Insurance Agent and host of the Modern Life Insurance Selling Podcast.

Guaranteed Issue Life is a nationally licensed agency, that has helped over 1500 consumers purchase guaranteed issue life insurance. We represent over 30 life insurance companies & transact business in every state.

All content on this site has been written by life insurance experts & licensed life insurance agents.

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