The initial face amount decreases at the end of the first policy year. This amount remains level for the life of the policy. Premiums are level for the life of the policy. In all states except New Jersey, the premiums are banded by the policy size. Premiums for policies issued in New Jersey are not banded by policy size.
Premiums are payable for the life of the policy.
The payment of policy premiums guarantees the entire death benefit during the guaranteed period, and the ultimate face amount thereafter. Blue Chip Estate Manager Copyright 1999 Massachusetts Mutual Life Insurance Company. All rights reserved.