Insurance Benefits Basics

Understanding Whole Life Insurance

By MassMutual@Work

Life insurance isn’t as complex as it may sound. Watch this short video to better understand how massmutual@work Whole Life Insurance can help you secure your financial future and protect the ones you love.

Group whole life insurance can help you address a variety of financial needs throughout your life. Not only does it provide a death benefit in the event that the worst happens, but it also accrues cash value, which may be used to help fund college expenses or provide cash for financial emergencies or supplemental retirement income. Take note that accessing the cash value of your policy has consequences. It may reduce the policy’s cash value and death benefit, can increase the likelihood of the policy lapsing and may have tax implications.