Whole Life Insurance
Whole life insurance is a permanent policy, which gives you guaranteed protection for your loved ones that lasts a lifetime. With whole life insurance, unlike term, you build guaranteed cash value , which you can use however you want. Participating whole life insurance is eligible to earn dividends,1 which can be used to increase the death benefit and the cash value of the policy. Or there are other options you could choose, such as using dividends to help pay premiums.
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How much life insurance do I need?
Who should consider whole life insurance?
Whole life insurance can help protect your spouse during retirement or become a legacy for your loved ones or a favorite charity. It also provides guaranteed cash value that you can access at any time for any need, including funds to help pay for college, cash to support your business, or income in retirement.2 So if you have loved ones or businesses that depend on you, you should consider whole life insurance.
Whole life insurance features and benefits
Policyowners are also eligible to receive valuable dividends. While dividends are not guaranteed, MassMutual has paid them to eligible participating policyowners every year since 1869.
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What is the process for getting a whole life insurance policy?
- Analyze
During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives.
- Recommend
After looking at your entire financial picture, your financial professional will provide you with suggestions to help reduce the gaps so you can choose the products best suited for your situation.
- Purchase
If you're satisfied with their recommendations, they work with you to secure the products and services to help ensure your financial future. This may require a medical exam. Learn more about our Underwriting Practices
- Review
Your financial professional can work with you over time through periodic reviews to help you monitor the strategies in place, and their capacity to continuously meet your goals.
Why MassMutual
since
1851
we've been helping people secure their financial future and protect the ones they love
Nearly
$1.1T
of life insurance protection in force as of 12/31/25
Listed
#102
on the FORTUNE 500© list3
delivered
$10.3B
insurance and annuity benefits paid to policyowners and other customers in 2025
1 Dividends are not guaranteed.
2 Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.
3 From FORTUNE. ©2026 FORTUNE Media IP Limited. All rights reserved. FORTUNE 500 (June 2025) is a registered trademarks of FORTUNE Media IP Limited and is used under license. FORTUNE and FORTUNE Media IP Limited are not affiliated with, and do not endorse products or services of MassMutual.
Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), and its subsidiaries, C.M. Life Insurance Company (C. M. Life) and MML Bay State Life Insurance Company (MML Bay State), Springfield, MA 01111-0001. C.M. Life and MML Bay State are non-admitted in New York.