These permanent life insurance solutions focus on providing a lifetime guaranteed1 death benefit. Permanent life insurance is generally more expensive than term life insurance because it is intended to provide coverage for your lifetime. However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.
Universal Life Insurance
Fidelity provides access to two permanent universal life insurance solutions from Massachusetts Mutual Life Insurance Company (MassMutual).
|Available products||MassMutual UL GuardSM||MassMutual SUL GuardSM|
|May be appropriate for||An individual seeking a life insurance solution to provide liquidity for his/her estate and transfer wealth, or provide income replacement for dependents after his/her working years||Two individuals who are looking to complete their estate plan with a solution that can help maximize the wealth that they plan to transfer to their beneficiaries (after the deaths of both individuals)|
|Premium payment options2||
|Annual interest rate||Minimum guaranteed interest4 rate is 3%|
MassMutual company ratings
|A.M. Best||A++ (Superior) rating6|
|Standard and Poor's||AA+ (Very Strong) rating6|