MassMutual Insurance Review & Ratings (2024)

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UPDATED: Nov 22, 2023Fact Checked

Laura Walker

Former Licensed Agent

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

Former Licensed Agent

Travis Thompson

Licensed Insurance Agent

Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...

Licensed Insurance Agent

UPDATED: Nov 22, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

UPDATED: Nov 22, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Nov 22, 2023Fact Checked
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MassMutual Insurance

Average monthly rate for good drivers:

N/A

A.M. Best rating:

N/A

Complaint level:

Low

Pros

  • Strong financial stability and ratings
  • Diverse range of insurance and financial products
  • Long-standing history and reputation in the industry

Cons

  • Rates might be higher compared to some competitors
  • Customer service experiences can vary
  • Policy options might not suit everyone’s needs equally

Final Verdict: Review of MassMutual Insurance

MassMutual Insurance, founded in 1851 in Springfield, Massachusetts, is a reputable and long-standing insurance provider offering a diverse range of insurance and financial products. Their extensive history reflects a commitment to policyholders’ long-term financial security and independence.

The company’s products include life insurance, disability income insurance, annuities, retirement planning, and investment management services. With a mission to help individuals and families achieve financial stability, MassMutual prioritizes excellent customer service and offers a variety of discounts to policyholders.

They leverage technology through mobile apps and online account management for a seamless customer experience. While customer feedback is generally positive, it’s advisable to thoroughly research and compare offerings to ensure the right fit for individual needs and circumstances.

What You Should Know About MassMutual Insurance

Welcome to our comprehensive guide on MassMutual Insurance, a trusted and reputable insurance provider with a long-standing history of financial strength . We will explore the key topics related to MassMutual Insurance, including its wide range of insurance products and commitment to helping individuals and families achieve their financial goals.

Whether you’re seeking life insurance or retirement planning solutions. We will discuss how MassMutual Insurance can provide you with personalized coverage options to protect  you. To discover how MassMutual Insurance can offer you comprehensive protection while saving you money, simply enter your zip code below.

By doing so, you can compare rates from the best insurance providers and make an informed decision that secures your future and ensures financial well-being.

MassMutual Insurance Coverage Options

MassMutual Insurance offers several types of coverage. Here are some of the company’s insurance options:

  • Life insurance: MassMutual Insurance offers a range of life insurance policies to suit different needs and budgets. This includes term life insurance, whole life insurance, universal life insurance, and variable life insurance.
  • Disability income insurance: This insurance provides a portion of your income if you become disabled and unable to work.
  • Long-term care insurance: This insurance covers the cost of long-term care services, such as nursing home care, in-home care, and assisted living.
  • Annuities: Annuities are financial products that provide a steady stream of income in retirement. MassMutual Insurance offers a range of annuity options, including fixed annuities, variable annuities, and immediate annuities.
  • Retirement planning: MassMutual Insurance offers retirement planning services, including individual retirement accounts (IRAs) and 401(k) plans.
  • Investment management: MassMutual Insurance provides investment management services through its subsidiary, OppenheimerFunds. This includes a range of mutual funds and separately managed accounts.

As a mutual company, MassMutual Insurance is owned by its policyholders, which means that profits are returned to policyholders in the form of dividends or reduced premiums.

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MassMutual Insurance Rates Breakdown

The cost of insurance with MassMutual will depend on a variety of factors, including the type of policy you need, your age, health, and coverage needs. MassMutual is known for offering competitive rates and a variety of discounts to policyholders.

For example, the company offers a multi-policy discount for customers who have multiple insurance policies with MassMutual, such as auto and home insurance. They also offer safe driver discounts, homeowner discounts, and good student discounts for auto insurance customers. The best way to determine the cost of insurance with MassMutual is to get a personalized quote.

You can do this by contacting a MassMutual financial advisor or by visiting the company’s website and using their online quote tool. It’s important to note that while cost is an important factor in choosing an insurance provider, it should not be the only factor. You should also consider the company’s financial stability, customer service, and reputation in the industry.

MassMutual Insurance Discounts Available

MassMutual Insurance offers a variety of discounts to help customers save on their insurance premiums. Here are some of the available discounts:

  • Multi-policy discount: If you have multiple insurance policies with MassMutual Insurance, such as auto and home insurance, you may be eligible for a multi-policy discount. This discount can help you save on your premiums and simplify your insurance payments.
  • Safe driver discount: MassMutual Insurance rewards safe drivers with lower premiums. If you have a clean driving record with no accidents or traffic violations, you may be eligible for a safe driver discount.
  • Homeowner discount: If you own a home and have home insurance through MassMutual Insurance, you may be eligible for a homeowner discount on your auto insurance. This discount can help you save on your premiums by bundling your insurance policies.
  • Good student discount: MassMutual Insurance offers a good student discount for students who maintain a high GPA. If you are a student with good grades, you may be eligible for a discount on your auto insurance premiums.
  • Defensive driving course discount: If you complete a defensive driving course, you may be eligible for a discount on your auto insurance premiums. This discount can help you save on your premiums while also improving your driving skills.

It’s important to note that the availability and amount of discounts may vary depending on your location and policy. To find out what discounts are available to you, it’s best to contact a MassMutual Insurance agent or visit the company’s website.

Frequently Asked Questions

What is MassMutual Insurance?

MassMutual Insurance is an insurance company that offers a range of insurance products, including life insurance, disability income insurance, long-term care insurance, and annuities.

What types of life insurance policies does MassMutual Insurance offer?

MassMutual Insurance offers both term and permanent life insurance policies.

What is term life insurance?

Term life insurance provides coverage for a specific period of time, typically 10, 20, or 30 years. If the policyholder dies during the term, their beneficiaries receive a death benefit. If the policyholder outlives the term, the policy expires and no benefits are paid.

What is permanent life insurance?

Permanent life insurance provides coverage for the entire life of the policyholder and includes a savings component that can accumulate cash value over time. There are different types of permanent life insurance policies, including whole life, universal life, and variable life.

What is disability income insurance?

Disability income insurance provides income replacement if the policyholder becomes disabled and is unable to work.

What is long-term care insurance?

Long-term care insurance provides coverage for expenses related to long-term care, such as nursing home care or in-home care, if the policyholder is unable to care for themselves due to an illness or injury.

What are annuities?

Annuities are financial products that provide a regular stream of income in exchange for an initial lump sum or a series of payments. MassMutual Insurance offers both fixed and variable annuities.

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Laura Walker

Former Licensed Agent

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

Former Licensed Agent

Travis Thompson

Licensed Insurance Agent

Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

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Compare quotes from the top insurance companies and save!

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