The policy provides cash value accumulation. EWL is issued through Massachusetts Mutual Life Insurance Company. These annual premiums include the policy fee and the cost of any Accidental Death Benefit Rider, Insurability Protection Rider, and Waiver of Premium Rider, but not the cost of any term riders or substandard rating. 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.