Secure your financial future

Life can get complicated sometimes. But don’t worry.
If you’ve got questions about life insurance, paying for college, or planning for retirement, we can help simplify the hard stuff so you can feel more comfortable
about tomorrow.

On this page

Life Insurance | College Savings | Retirement | Find a Financial Professional | Explore More

Finding the Right Insurance Coverage

Building a strong foundation starts with protection for the unplanned things that can happen along the way.

Learn more about the four types of insurance that everyone should consider.

Watch video

Life Insurance

What is life insurance and how does it work?

Here are some common terms to know. These factors can impact the pricing and cost of life insurance:

Premium

This is the amount you pay the life insurance company for your policy. For most policies, you can pay premiums monthly, quarterly, semi-annually or annually. Some permanent policies can be paid up in as few as 8 years, while others have longer or lifetime premium periods.

Death benefit

Also called face value, this is the amount guaranteed to your beneficiaries at your death. The higher the death benefit, the higher the policy cost. Some policies offer a death benefit that increases over time. Loans or surrenders of the policy can reduce the death benefit.

Premium rate class

The price for your life insurance, or premium, is determined by your age at policy issuance and your rate class. Factors influencing rate class include family medical history, current health, and tobacco use. Younger, healthier individuals typically pay lower premiums.

Underwriting

This process involves completing an application and giving the insurance company access to your medical information. It may also require a brief medical exam. The collected information is used to determine coverage eligibility and rate class.

Take the next step

Explore our life insurance products.

Compare policy types

There are two general types of life insurance:

Term life insurance

Designed to provide coverage for a specific period of time, such as 10, 20, or 30 years.

Pros to consider

Often the most affordable option.
The most popular policies have premiums that stay level.

Cons to consider

Doesn’t cover your entire lifetime.
When the initial term period expires, if you still need coverage you may be able to renew your policy (likely at higher premiums) or apply for a new one.

Permanent life insurance

Designed to provide coverage for your entire lifetime. Includes whole life insurance, universal life insurance, and variable life insurance.

Pros to consider

Many policies build cash value over time.
You can borrow from your policy for many different reasons, including to help pay for college, supplement your retirement income, or provide cash for emergencies.

Cons to consider

Generally has higher premiums.
Tapping a policy's cash value can reduce the death benefit, increase the risk of the policy lapsing, and lead to tax liability if it terminates before the insured's death.

Take the next step

Explore our life insurance products.

Compare policy types

Many life insurance policies offer additional options, sometimes called “riders.” These may be available at an additional cost.

Think about your current and future needs, while exploring these other features.

Conversion option

Some term life insurance policies let you convert to permanent life insurance without a second underwriting process, locking in your insurability at your current health. This option is available for a limited time.

Icon: Shield with a dollar sign in the middle of the shield

Guaranteed insurability option

If you need to increase coverage, consider a policy with this option, which allows you to buy more coverage without another underwriting process. This is generally available only through permanent life insurance policies.

Icon: individual using a sling to hold an arm

Disability waiver of premium

This rider ensures your premium is waived and coverage continues if you become totally disabled and unable to work. The risk of disability during your working life is higher than you might think.

Take the next step

Explore our life insurance products.

Compare policy types

College

Learn how to navigate saving, paying for college and managing student loan debt.

Saving for college is an important financial goal, whether through a 529 college savings plan or a customized strategy. Learn the pros and cons of 529 savings plans and discover alternative options to save for college.

Learn the pros and cons

illustration of two college graduates throwing graduation cap into the sky

Take the next step

Save for your child's education with a 529 college savings plan.

Why choose a 529 plan

Retirement

Your retirement planning journey should include a vision of what your retirement looks like and an income strategy that helps you make it a reality.

woman sitting on home desk wearing a light brown short sleeve top with a colorful scarf while smiling at camera

Saving for retirement has never been easier, thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. The law expands automatic enrollment in retirement plans, offers student loan matching contributions into a workplace retirement account, and more.

Learn the basics about qualified retirement plans

Income is vital to our well-being, both during our working years and in retirement. Use the 4-Box Strategy for income planning to align your retirement expenses with your different income sources.

Learn the four areas that can help maximize your retirement income

Understanding Social Security

Image of a strategy plan for income planning to align your retirement expenses with your different income sources

2024 Farrell Dolan Associates. The 4 Box Strategy® of income Planning is used by MassMutual with the express written consent of Farrell Dolan Associates.

Step 1
Step 2
Step 3
Step 4
Step 5

Step 1 of 5 | About You

Retirement Income Gap Calculator

Will I have enough guaranteed income in retirement?

Understand what your expenses may be in retirement and calculate the gap between those expenses and your guaranteed income.

5 MINUTES TO COMPLETE

Quick Start

Enter your information in the calculator. If you have a partner, they can complete the calculator and together you can get a more complete picture of retirement.
To complete the calculator even faster, get your current monthly expenses ready and any pension or other expected retirement income.
Our calculation is just an estimate, not a guarantee. So even if you have an income gap, don’t worry. We’re here to help you find ways to close the gap and plan for the retirement you want.

Take the next step

Whether you're just beginning your retirement savings journey or nearing retirement, we offer products and solutions that may help you retire comfortably.

Learn more about retirement products

Discover how easy it is to work with a financial professional

Illustration: A green hand shaking another green hand

No commitment
There's no cost to set up a meeting and talk with us.

It’s about Y-O-U
We’ll get to know you and understand your financial situation, goals, and objectives.

Illustration: Two green arrows on a post pointing in opposite directions

Trusted advice
We'll provide you with options so you can choose the financial products and solutions that are best for you.

Illustration: Green sun setting behind a hill

A plan for the future
We’ll talk about the road ahead and set you up for success.

A woman explaining something on a laptop screen to a man and a woman

Helping you secure your future

When you work with a financial professional, you’ll have an advocate in your corner, someone who understands your unique financial needs and family situation — and how to tailor a solution around both.

Find A Financial Professional

Explore More

Little boy on father's shoulders shooting a basketball into a basketball hoop

Financial Wellness

Find your financial confidence.

The right support at the right stage of your journey, no matter where it is. Explore our life events.

Learn More

Mom and child sitting on couch with laptop doing homework together

The Foundation

Learn more with The Foundation

National initiative that brings critical financial education to students, families, and educators.

Learn More

Secure your financial future

Finding the Right Insurance Coverage

Life Insurance

Here are some common terms to know. These factors can impact the pricing and cost of life insurance:

Premium

Death benefit

Premium rate class

Underwriting

Explore our life insurance products.

Explore our life insurance products.

There are two general types of life insurance:

Term life insurance

Pros to consider

Cons to consider

Permanent life insurance

Pros to consider

Cons to consider

Explore our life insurance products.

Conversion option

Guaranteed insurability option

Disability waiver of premium

Explore our life insurance products.

How much life insurance do I need?

Explore our life insurance products.

College

How much do I need to save for college?

Save for your child's education with a 529 college savings plan.

Retirement

Will I have enough guaranteed income in retirement?

Quick Start

Whether you're just beginning your retirement savings journey or nearing retirement, we offer products and solutions that may help you retire comfortably.

Discover how easy it is to work with a financial professional

Helping you secure your future

Explore More

Find your financial confidence.

Learn more with The Foundation