Increased Face Amount Eligibility
From September 30th to December 31st 2024, clients who own certain MassMutual Term policies can submit a full face amount conversion application for up to 25% of increased coverage, capped at $1,000,000 per insured, without additional underwriting. The increased coverage is available when converting to a new MassMutual whole life, or an existing whole life policy that contractually allows face increases.
Total term face amounts greater than $4,000,000 will be capped at $1,000,000 of increased coverage, while face amounts less than $4,00 will be capped at 25% of existing coverage.
Eligible term policy series include Vantage Term (first introduced in Aug 2010) and MassMutual Convertible Term (available through the digital platform and first introduced in 2018). Contact our office for more details. Tel. 248-553-9505