Unlike most group term insurance programs, Strategic GUL is designed to be portable which means insurance coverage can continue regardless of employment status. All interest and investment income credited to a Strategic GUL certificate is deferred from taxation while it remains in the certificate. Income Tax-Exempt Death Benefit MassMutual will pay a death benefit to the beneficiary when the insured dies, as long as the certificate remains in force. The amount payable is usually exempt from income taxes. Portability Strategic GUL is designed to be portable.
Coverage can remain in force regardless of employment status.
We will arrange to bill you directly. Within limits, additional unscheduled premiums can be contributed to the certificate or premiums can stop being paid for a period of time. Strategic GUL is marketed through MassMutual's Large Corporate Markets. All rights reserved.