MassMutual Announces Term Underwriting Limited Time Offers
MassMutual has announcing limited time offers on their Platinum Pass Term Program & Vantage Term & Convertible Term product series. Among these offers includes a 25% face amount increase on full conversions of Vantage & Convertible Term series, along with the Platinum Term Program expanding to include approved outside carriers in the Perm Program. Read on for the details!
From MassMutual:
MassMutual has two limited time offers that provide new reasons to contact clients and discuss their life insurance needs! Enhancements are effective August 9th & end December 31st.
Until December 31st, MassMutual will:
Allow a 25% increase in face amount with no additional underwriting requirements on conversions of the Vantage Term and MassMutual Convertible Term product series to new or existing MassMutual whole life insurance policies (existing policies must have face amount increase provision).
Expand The Platinum Pass Term Program and express underwriting (no exam) process to approved outside carriers (for a limited time) and risk classes used with the Platinum Pass Perm express underwriting program.
Highlights & Considerations
25% Face Amount Increase Offer
Conversion applications submitted Aug. 9-Dec. 31 will be eligible along with cases pending or issued but not reported as of Aug. 9.
Applies to full conversions of MassMutual Vantage Term and MassMutual Convertible Term product series with issue dates before Aug. 9.
$1 million cap per insured on the coverage increase.
There are no age limits.
Platinum Pass Term Program Offer
The Platinum Pass Term Program allows you to increase your client's coverage by matching up to their existing coverage from $100,000 to $3 million, without any new medical tests or paramedical exams. This program is exclusively for clients who purchased insurance from MassMutual in the past 3 years and were fully underwritten using a full blood/urine profile.
From Aug. 9-Dec. 31, 2023:
The Platinum Pass Term Program will expand to include the approved outside carriers included in The Platinum Pass Perm Program.
MassMutual term policies issued through the Platinum Pass Term program can be used to replace a term policy from an outside carrier, except in New York.