Massachusetts Mutual Life Insurance Company has added a rider for consumers who like the stability of traditional whole life insurance but need inexpensive term life coverage.[@@]

MassMutual, Springfield, Mass., says the rider, a renewable term life rider, provides a level amount of term life insurance for 1 year in addition to the coverage from the base whole life policy. MassMutual will renew the term coverage automatically until purchasers reach age 80 in New York state or age 90 in other states.

The minimum amount of term coverage is $100,000, and the maximum amount is 20 times the base policy amount, MassMutual says.

During a limited conversion period, purchasers of the term life rider can convert the term coverage to permanent coverage without providing proof of good health, MassMutual says.