Universal Life Insurance

Fidelity provides access to two permanent universal life insurance solutions from Massachusetts Mutual Life Insurance Company (MassMutual).

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.

Coverage features

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)
Age availability 0–85 18–85
Coverage minimums $50,000 $100,000
Premium payment options2
  • Regular billing—annual, semiannual, quarterly
  • Monthly check service
  • Single premium3
Annual interest rate Minimum guaranteed interest4 rate is 3%
Optional riders5
  • Accelerated Death Benefit (ABR)
  • Substitute of Insured (SIR)
  • Waiver of Specified Premium (WSP)
  • Accelerated Death Benefit (ABR)
  • Substitute of Insured (SIR)
  • Estate Protection (EPR)
  • Policy Split Option (PSO)
Rate types
  • Ultra Preferred Non-Tobacco
  • Select Preferred Non-Tobacco
  • Non-Tobacco
  • Select Preferred Tobacco
  • Tobacco

MassMutual company ratings

A.M. Best A++ (Superior) rating6
Standard and Poor's AA+ (Very Strong) rating6

Next steps

Call a representative at 877-412-8797.

Additional resources

Life insurance and your estate plan
Consider a strategy that aims to provide flexibility and manage taxes.

Layering life insurance for full coverage
Learn why a mix of group and individual life insurance policies may be a smart choice.