Group Whole Life

You can't always predict the future, but this benefit allows you to prepare for it.

Group whole life pays in the event of your death, helping your family maintain financial peace of mind. As long as you pay the benefit costs, this life insurance does not expire, age out, or increase in cost based on health conditions.

Enrolling is easy! To enroll, simply visit mm.benselect.com/enroll. Enter your SSN as the username and your 4-digit birth year as the password.

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Plan Features

Whole life protects you through your entire lifetime, as long as benefit costs are paid
Coverage is guarantee issue up to $100,000 if enrolling during initial eligibility
This benefit is portable and can go with you if you leave the company, as long as you keep up payments

Costs are fixed for different age tiers and won't increase due to health conditions
Generally, benefits are paid tax-free
Participants are eligible to receive funds, known as dividends, from a portion of the company’s earnings. Learn more about your dividends options when you enroll.

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Here's a quick overview:

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How Group Whole Life Differs

This benefit differs from other life insurance options in a few ways:

Locked Costs

The price you pay when you initially sign up is the price you pay for life, as long as the policy stays active with timely payments.

Portable

Retire? Change jobs? Take it with you at the same rate.

Stackable

You can use this on top of any other life insurance plan(s) you have.

Cash Value

Build cash value over time that you can borrow against.

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Enrollment & Payment

Unlike other Nextep benefits, the Group Whole Life plan relationship is strictly between you and the benefit carrier. Pricing, enrollment, changes, and payments will be directly on their site:

Access Group Whole Life

Answers To Your Questions

How is group whole life different than term life?

Term life insurance offers temporary benefits, only during the period that coverage is paid for.

Group whole life offers permanent, accumulating coverage. See a detailed rundown of the differences:

Infographic Rundown

How much insurance do I need?

The answer varies based on family and lifestyle needs. Consider what your loved ones will need to pay the mortgage, fund college, reduce debt, cover nursing home fees, and handle other financial needs without your income.

Use MassMutual's calculator to find the amount that may work for you.

Online Calculator

How do I sign up?

To enroll, visit mm.benselect.com/enroll. Enter your SSN as the username and your 4-digit birth year as the password. Simple instructions will walk you through the enrollment process and let you know the cost.

Both full and part-time employees are eligible to enroll. If you've previously waived or dropped this benefit, you will need to go through underwriting to qualify for the policy.

Enroll

What is not covered?

Typically, life insurance will not pay a benefit for the following:

Dishonesty on your enrollment form
Death through acts of war
Suicide, if policy is held fewer than two years
Unpaid policy costs
Death due to high-risk or illegal activities

What if my employment ends?

You have the option to take your coverage with you if your employment ends. If you use this option, you will need to pay MassMutual directly for your coverage, rather than rely on automatic paycheck deductions.

Log into your account at mm.benselect.com to make changes or continue coverage.

How do I make a claim?

To make a claim, simply log in at mm.benselect.com to walk through the claims process.

Claims may be made in the event of a policy holder's death. Also, if diagnosed with a terminal illness that is expected to result in death within 12 months, policy holders may receive an advance on the death benefit payout.

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