Workplace Benefits

Workplace Solutions

MassMutual teams up with employers to provide employee benefit solutions that can help you secure your financial future and protect the ones you love. If your employer provides access to MassMutual retirement plans or voluntary insurance products, learn more about how these offerings can help you and your family achieve financial wellness during your working years and beyond.

MassMutual@WORK solutions

Retirement

No matter how far off retirement may seem, it’s never too early – or too late – to begin preparing for your future. If your employer offers access to MassMutual retirement plans, you have access to a wide range of planning tools and educational materials, all designed to help you retire on your own terms.

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Voluntary Benefits

Protecting the ones you love is important. So is getting financial protection that can meet your evolving needs. MassMutual’s voluntary insurance solutions provide you with permanent and portable coverage that is more affordable than you may think and offers guarantees that can help you keep up with the changes in your life.

Voluntary Benefits

Product	Features
Group Whole Life Insurance1	Planning for the life you want can be difficult while you’re busy managing the life you have. Group Whole Life Insurance provides permanent, portable, lifetime protection. It has built-in guarantees, with level premiums, it pays a death benefit to your loved ones, and builds cash value that you can access for any reason1. It’s offered at a group rate that may be less expensive than individual coverage. The group whole life certificate is eligible to receive dividends beginning on the second anniversary. While dividends are not guaranteed, MassMutual has paid them every year to eligible participating policy/certificateowners every year since 1869.
Group Universal Life Insurance²	Protecting and planning for yourself and your family can be simplier than you think. Group Universal Life Insurance is permanent life insurance that can be customized to meet changing financial needs throughout your life. You benefit from having coverage that provides a death benefit and from an account value that can grow over time.
Group Critical Illness Insurance³	A critical illness – like a heart attack, or invasive care – can have an emotional, physical, and financial impact on you and your family. Group Critical Illness Insurance can help reduce the financial stress from a covered critical illness, so you can spend less time worrying about your finances and more time focusing on your health.
Group Accident Insurance	While it’s impossible to completely prevent accidents, Group Accident Insurance can help you be better prepared for their potential financial impact to your life. It provides a lump-sum benefit paid to you, so you can spend less time worrying about expenses and more time healing.
Student Loan Debt Repayment	Through our Student Loan Debt Repayment Program, your employer can help you pay down your student loan debt. In addition to your regular payments, and if you’re eligible, your employer may make payments directly to your student loan provider on your behalf – which allows you to save money, helps you to get out of debt faster, and help improve your overall financial wellness. Contact us for information about this product.
Health Savings Account	Healthcare costs are on the rise and can add up quickly. Coupling a Health Savings Account (HSA) with your High-Deductible Health Plan (HDHP) can help you pay for eligible health-related expenses now and in retirement. With its triple-tax benefit, an HSA can be a powerful vehicle to help drive your and your family’s financial wellness. Contact us for information about this product.

Portability for these products may not be available in all states.

¹ Access to cash values through borrowing or partial surrenders will reduce the cash values and death benefit, increase the chance the certificate will lapse, and may result in a tax liability if the certificate terminates before the death of the insured.

²Withdrawals or loans from the certificate may have tax consequences. You should consult your tax advisor. Withdrawals are not subject to taxation up to the amount paid into the certificate (cost basis). If the certificate is a Modified Endowment Contract, loans and/or withdrawals will be taxable to the extent of gain and are subject to a 10% tax penalty.
Loans and/or withdrawals will also reduce the net surrender value and loans may reduce the death benefit. Taking a loan could have adverse tax consequences if the certificate terminates before the insured’s death.

³ A limited supplemental insurance that is also referred to as Group Specified Disease Insurance.

Disability Income Insurance Benefits

Income Protection

Your income is most likely your biggest asset. Without it, it would be hard to support yourself and your loved ones financially, as well as keep your future plans on track. Individual disability income insurance can help you stay on track by protecting a portion of your income.

Retirement Protection

If you become too sick or hurt to work, individual disability income insurance may help you avoid using your retirement savings to cover income gaps. You may also be able to purchase a DI policy to help you continue saving for retirement while you’re disabled.

Customizable Coverage

Individual disability income insurance policies may be customizable, so you can prepare for the future. For example, you may be able to choose to add a rider to your policy that allows your coverage to grow as your salary increases.

Planning

Making the most of your employee benefits

Maximizing your employee benefits will aid
you in reaching retirement and health
savings goals.

Planning

Benefits of disability income insurance

Disability income insurance can help fill financial gaps if you’re unable to work. Contact a MassMutual financial professional to learn more about a DI policy today.

Why MassMutual?

Group Whole Life Insurance (GPWL), (policy/certificate forms MM-GPWL-2014 and MM-GCWL-2014, and MM-GPWL-2014 (NC) and MM-GCWL-2014 (NC) in North Carolina), is level-premium, participating permanent life insurance. The GPWL policy and GCWL certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Group Universal Life Insurance (GPUL), (policy/certificate forms MM-GPUL-2015 and MM-GCUL-2015, and MM-GPUL-2015 (NC) and MM-GCUL-2015 (NC) in North Carolina), is flexible premium, non-participating permanent life insurance. The GPUL policy and GCUL certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

MassMutual Group Critical Illness Insurance provides limited benefits. Like most group accident and health insurance policies, this policy has exclusions and limitations including a pre-existing condition exclusion and reduced benefit period which may affect benefits payable. Benefits vary by age. Benefit amounts, covered conditions and optional riders may vary or be unavailable in some states. Lump-sum benefits are paid for the initial occurrence and, in most states, for up to two additional recurrences of the same covered condition. A waiting/treatment free period between dates of diagnosis is required and there is an aggregate benefit limit per certificate. MassMutual may have the right to change rates and may cancel the policy at any time. The policy, its name, benefits and provisions may vary or be unavailable in some states, and some states require the insured person to have major medical or minimum essential coverage on the effective date of this coverage. For costs, availability and complete details of this coverage, please contact your MassMutual representative.

Group Critical Illness Insurance (GPCI), (MM-GPCI-2015 and MM-GCCI-2015, and MM-GPCI-2015 (NC) and MM-GCCI-2015 (NC) in North Carolina) is limited benefit, non-participating group insurance. The GPCI policy and GCCI certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

MassMutual Group Accident Insurance provides limited benefits. Like most group accident and health insurance policies, this policy has exclusions and limitations that may affect any benefits payable. Some benefits have limited availability based on age. Benefits payable are subject to the terms and conditions of the policy. MassMutual has the right to change rates and may cancel the policy at any time. The policy, its name, benefits and its provisions may vary or be unavailable in some states. See the actual policy or your MassMutual representative for specific provisions and details of availability.

Group Accident Insurance (GPAC), (MM-GPAC-2015 and MM-GCAC-2015, and MM-GPAC-2015 (NC) and MM-GCAC-2015 (NC) in North Carolina) is limited benefit, non-participating group insurance. The GPAC policy and GCAC certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

The information provided is not written or intended as specific tax or legal advice. MassMutual, its subsidiaries, employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.

Workplace Solutions