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MassMutual Vantage Term – Competitive AdvantagesMassMutual’s Vantage Term offers an exceptional value in guaranteed term life insurance with liberal conversion options. Consider what Vantage Term has to offer your clients:Competitively priced term life insurance from a highly rated company. Few companies with MassMutual’s financial strength and ratings offer competitive term rates. A full range of guaranteed term periods to meet your client’s coverage needs. MassMutual offers more term coverage options than most companies. Our term coverage options include Vantage Term (VT) – ART, 10, 15, 20, 25 and 30. A standard conversion option designed to meet most conversion needs.? Vantage Term policies are convertible for the earlier of 10 years or age 65. There is a two-year minimum conversion period, five years for VT-ART. Extended conversion periods available. ?Vantage Term policies with the Extended Conversion Period (ECP) are convertible for the lessor of the 20 years (15 years for VT-15) or age 65. ECP is available on VT-15, 20, 25 and 30. Few companies offer extended conversion.Convertible to any of MassMutual’s permanent life insurance policies.1Term conversions to existing Whole Life Legacy 100 and Whole Life Legacy 65 polices via face increases. MassMutual allows clients to lock-in the policy they can convert to at issue and offer face amount increases to existing whole life policies. Most companies do not allow face amount increases on existing whole life policies. Competitively priced Waiver of Premium rider with a five-year own-occupation provision2: Other companies may offer attractive basic policy premiums with disability waiver of premium rates that are not as competitive.Vantage Term policyowners who become disabled during the conversion period can convert to MassMutual’s lowest premium whole life policy available at that time. Waiver of premium will be included on the new policy, and the whole life premiums will be waived: Other companies may not offer conversion while on waiver, or require the policyowner to remain on waiver until the end of the conversion or term period before converting to a permanent policy. If a Vantage Term policyowner becomes eligible for waiver of premium after the conversion period, and continues on wavier to the end of the term period, they may then convert to the lowest premium whole life policy available and the whole life premiums will be waived. Few other companies offer the ability to convert if on waiver after the end of the conversion period. 1MassMutual CareChoice One and whole life policies with the LTCAccess Rider are not available for conversions. 2 Eligibility for benefits is based on the definition of disability in the rider.Vantage Term Life Insurance Policies (Policy Forms TL-2018 and ICC18TL in certain states, including North Carolina) are annually renewable term life insurance issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.KEY MUTUAL COMPETITORS Guaranteed Term PeriodsConversion ProvisionsExtended Conversion OptionProducts Available for ConversionConversion LimitationsAllow for Conversion while on Waiver of PremiumWaive Premium on Permanent Coverage if on WaiverMassMututalVantage TermART, 10, 15, 20, 25, 30VT-ART, VT10, VT15, VT20, VT25, VT30 is convertible to earlier of 10th policy anniversary and the age 65 anniversary - but with a minimum conversion period of 2 years (5 years for VT-ART) VT15 convertible to earlier of 15th anniversary and the age 65 anniversaryVT20, VT25, VT30 convertible to earlier of 20th anniversary and the age 65 anniversaryAll permanent products offered at time of conversion. Conversion to an existing Whole Life Legacy 100 or 65 allowed via face amount increasesExcludes CareChoice One and whole life with LTCAccess Rider, conversion limited to UL for first 8 years on 10 yr term and 10 years on durations 15 years or longerYesYes(Conversion to Legacy 100 or lowest premium whole life policy available)GuardianLevel TermART, 10, 15, 20, 30Convertible in 1st 5 yearsFor Guaranteed Level Term (GLT)the conversion period is extended to the end of the level term period, for Yearly Renewable Term (YRT) the conversion period is extended to anniversary nearest the insured's 65th birthdayLimited permanent products offered at the time of conversionExcludes ULG, SULG, limits conversions on with CAUL and VUL to earlier of level term period or age 70YesYes(With the Waiver Plus Rider, at extra cost, insured must have been disabled for 5 consecutive years or be disabled at end of the level term period)New York LifeLevel TermART, 10, 15, 205 Yrs for original age conversion, later of 10 Yrs or age 55 for attained age conversionAvailable for the duration of the level term period with 15 and 20 year termAll permanent products offered at time of conversionExcludes Asset Preserver LTC / Life hybrid productNoNoNorthwesternLevel TermART, 10, 20Convertible in 1st 10 yearsNo All permanent products offered at time of conversion.Conversion to policy with Accelerated Care Benefit but requires underwriting.YesYesOhio NationalFlex Term, Flex Term PlusART, 10, 15, 20Earlier of level term period or policy anniversary nearest insured's 70th birthdayNoVirtus Basic UL only available with FlexTerm Basic products, All permanent products offered at time of conversion with Flex Term Plus products Allows conversion to Chronic Illness ABR (without UW). Chronic Illness ABR only available on permanent WL or IUL products. Conversion to a permanent policy with Chronic Illness ABR subject to additional rules and conditions. YesYes(only if converted at the end of the term period)Penn MutualGuaranteed TermART, 10, 15, 20Earlier of level term period or policy anniversary nearest insured's 70th birthdayNoAll permanent products offered at time of conversionChronic Illness Rider excluded after year 5 unless medical questionnaire completedYes(only with the Waiver of Premium with Automatic Conversion Rider, at additional cost)Yes(only with the Waiver of Premium with Automatic Conversion Rider, at additional cost)NON-MUTUAL COMPETITORS Guaranteed Term PeriodsConversion ProvisionsExtended Conversion OptionProducts Available for ConversionConversion LimitationsAllow for Conversion while on Waiver of PremiumWaive Premium on Permanent Coverage if on WaiverMassMututalVantage TermART, 10, 15, 20, 25, 30VT-ART, VT10, VT15, VT20, VT25, VT30 is convertible to earlier of 10th policy anniversary and the age 65 anniversary - but with a minimum conversion period of 2 years (5 years for VT-ART) VT15 convertible to earlier of 15th anniversary and the age 65 anniversaryVT20, VT25, VT30 convertible to earlier of 20th anniversary and the age 65 anniversaryAll permanent products offered at time of conversion. Conversion to an existing Whole Life Legacy 100 or 65 allowed via face amount increasesExcludes CareChoice One and whole life with LTCAccess Rider, conversion limited to UL for first 8 years on 10 yr term and 10 years on durations 15 years or longerYesYes(Conversion to Legacy 100 or lowest premium whole life policy available)American GeneralSelect-a-TermART, 10, 15, 20End of level premium period(max age 70)NoExtend UL, American Elite Whole Life (Non-Par)Conversion limited to any UL up to 8 years on 10 yr term or 10 years for durations of 15 years or longerYesYesAXABrightLife TermART,10, 15, 20End of level premium period(max age 70)NoAll permanent products offered at time of conversion.No LimitationsYesYesLegal & General (Banner Life)OPTerm10, 15, 20, 25, 30Convertible for level premium period - max age 70. Policies issued at age 66 or over are convertible for five years.No Life Step GUL without Waiver, or specific umbrella policy made available at time of conversionExcludes all products except Life Step Guaranteed ULYes( only with Auto Conversion Option elected)YesJohn HancockTerm 1710, 15, 20Convertible for 10 years(max age 70)NoAll permanent products offered at time of conversion in first 6 policy years, conversion to a designated product years 7 plusConversion to designated product in years 7-10YesNoLincoln LifeLifeElements,Term Accel10, 15, 20, 30 Term Elements15, 20, 30 Term AccelEarlier of level premium period(max age 70)Only on LifeElements with Conversion Products Enhancement, for additional cost, expands conversion to all currently sold products for entire conversion periodAll permanent products offered at time of conversion years 1-7Conversion to limited portfolio years 8 and over, no conversion to MoneyGuard, ReserveLife, and LTC RidersOnly with LifeElements Term and subsequent genrationsYesPacific LifePrime TermART, 10, 15, 20, 30Earlier of 10 years for 15, 20, 30 year term, earlier of 5 years for 10 year term (max age 65)NoAll permanent products offered at time of conversionLimited to Prime series products if term was issued with simplified underwriting, No conversion to PremierCare Life and LTC Rider NoNoPrudentialPru Essential,Pru Elite10, 15, 20 30Term Elite: longer of first policy anniversary (on or after 65th birthday, or 5th policy anniversary); Term Essential: end of level premium period (not in excess of age 65, minimum of 5 years)NoAll permanent products offered at time of conversion, Participating Whole Life not available Conversion to Benefit Access Rider and Chronic Illness Acceleration Rider requires underwriting reviewYesYesPrincipalLevel Term10, 15, 20, 30Earlier of the end level conversion period max age 70-10 Yr Term: first 7 policy years-15 Yr Term: first 12 policy years-20 Yr Term: first 15 policy years-30 Yr Term: first 20 policy yearsAvailable on all term products with Extended Conversion Option, at additional cost, for the full level term period up to maximum age 70.All permanent products offered at time of conversion, Participating Whole Life not availableNo LimitationsYes Can stay in the term product and continue to waive premiums up to maturity age 95NoTransamericaTrendsetter Super10, 15, 20, 25, 30End of level premium period(max age 70, 75 for Preferred Plus)NoGuaranteed Whole Life (Non-Par), TransACE CV, Financial Foundation IUL if converted in first 5 yearsConversion to Financial Foundation IUL limited to first 5 years, no conversion to LTC RiderYesNoVantage Term Life Insurance Policies (Policy Forms TL-2018 and ICC18TL in certain states, including North Carolina) areannually renewable term life insurance issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.? 2018 Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001.All rights reserved. .CI1066LICRN202005-231491 ................
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