1. Estate taxes may apply to insurance proceeds. Consult a financial or tax advisor about your specific financial situation.
2. As of November 20, 2020, Massachusetts Mutual Life Insurance Company has an A.M Best rating of A++ (Superior) and a Standard & Poor's rating of AA+ (Very Strong). Financial strength ratings are opinions from independent rating agencies of an insurer’s financial strength and ability to pay its insurance policies and contract obligations. They are not recommendations to purchase, hold, or terminate any insurance policy or contract issued by an insurer, nor do they address the suitability of any particular policy or contract for a specific purpose or purchaser. Ratings range from A++ to F for A.M. Best ratings, and AAA to CC for Standard & Poor's ratings, and are subject to change. For the latest ratings and definition of ratings, access www.ambest.com and www.standardandpoors.com.
3. Premiums may be higher if paid on a semi-annual, quarterly, or monthly basis.
The decision to purchase life insurance should be based on long-term financial goals and the need for a death benefit. Life insurance is not an appropriate vehicle for short-term savings or short-term investment strategies. Surrender charges apply for the first 19 years of the policy, which may decrease the policy surrender value substantially. While the policy allows for access to account values, you should know that there may be little to no account value available for loans and withdrawals in the early policy years. Taking withdrawals will decrease the no-lapse guarantee period. Borrowing from the policy may cause it to lapse.
The information provided is not written or intended as specific tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel.
Universal Life Guard (policy form P8-2005 and P8-2005-NC in North Carolina) and SUL Guard (policy form P9-2005 and P9-2005 NC in North Carolina) are participating, interest sensitive, universal life insurance products. Dividends are not expected to be paid. UL Guard and SUL Guard are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.
Universal Life products available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.