Business Underwriters Associates, LLC

MassMutual Announces Term Conversion and Platinum Pass Program Limited Time Offers

08-09-2023

Just in time for Life Insurance Awareness Mounth and to close cases quickly during the second half of 2023, MassMutual has two special, limited time offers that provide new reasons to contact clients and discuss their life insurance needs!  Enhancements effective 08/09/2023 and end on 12/31/2023.

Until 12/31/2023, 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.

Special 25% face amount increase limited time 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 expansion limited time 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.

Please review the detailed business rules for further information.

Please give our sales team a call at 800.792.6795 if you have any questions about these limited time offers!