Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

MassMutual Updates UL Line

X
Your article was successfully shared with the contacts you provided.

Massachusetts Mutual Life Insurance Company has introduced a pair of death benefit guarantee products.[@@]

The products, the UL Guard and SUL Guard products, give purchasers of universal life coverage the ability to guarantee the death benefits, according to MassMutual, Springfield, Mass.

The UL Guard product protects individual life benefits, and the SUL product protects “second-to-die” universal life benefits.

Each product gives purchasers the ability to choose a lifetime coverage period or some other guarantee period.

The product also provides some protection for purchasers who make premium payments late.

MassMutual, the company that issues the products, is responsible for backing the guarantees.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.