MassMutual has made the difficult decision to suspend sales of our individual long-term care insurance (LTCi) product – SignatureCare 500 – through our brokerage relationships, effective June 30, 2016. Please see the accompanying frequently asked questions for additional information on this timing.

While MassMutual remains committed to our LTCi policyowners and business and value our brokerage sales relationships, limiting the growth of our LTCi policy base at this time is a prudent and responsible decision for the long-term benefit of our entire policyowner base.

We also recognize the importance of providing solutions to help protect people’s independence and standard of living throughout their lifetime and to helping them prepare financially for long-term care expenses. To help them meet these needs, MassMutual offers the following attractive combination policy options through all of its sales channels:

CareChoice One

CareChoice One (subject to state availability) is a participating, single-premium whole life insurance policy with a qualified long-term care insurance rider that uses a streamlined application process. The product offers three important guarantees:

  • A guaranteed pool of long-term care benefits (LTC Benefit Pool).
  • A guaranteed death benefit.
  • A guaranteed policy-surrender value that increases over time.

This attractive combination of long-term care benefits and whole life insurance is eligible to earn dividends (not guaranteed), which sets it apart from other policies.

LTCAccess Rider

The LTCAccess Rider (subject to state availability) is available with MassMutual’s Whole Life Legacy policies at an additional cost. The rider allows policyowners to accelerate the payment of a portion of their policy death benefit during their lifetime to help pay for the cost of covered long-term care services. It is an ideal solution for consumers who value flexibility and want to cover their long-term care expenses and life insurance needs within one policy.

Securities offered through The Leaders Group, Inc. Member FINRA/SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120, 303-797-9080.

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