MassMutual vs. Nationwide: Top Life Insurance in 2024
In a comparison of MassMutual vs. Nationwide, MassMutual won by a landslide. MassMutual offers more affordable rates to men and women of various ages than Nationwide. Furthermore, A.M. Best gave a higher rating to MassMutual.
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Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
UPDATED: Nov 25, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Nov 25, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- MassMutual offers slightly more affordable rates to men of various ages than Nationwide
- MassMutual offers slightly more affordable rates to women of various ages than Nationwide
- A.M. Best gave a higher rating to MassMutual than Nationwide Life Insurance Company
Part of what makes comparing life insurance companies difficult is the sheer number of options on the market. To simplify matters, we will be focusing on MassMutual vs. Nationwide life insurance today.
Our Nationwide and MassMutual life insurance review will cover pricing and A.M. Best ratings.
Before we dive into our MassMutual vs. Nationwide life insurance comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.
MassMutual vs. Nationwide: Which company offers more affordable rates to men?
The simplest place to start when comparing two companies is pricing. Let’s look at a table that compares MassMutual vs. Nationwide monthly term life insurance rates for men.
MassMutual vs. Others: Monthly Rates For Males
| Companies | Male Age: 30 Average Monthly Rates | Male Age: 40 Average Monthly Rates | Male Age: 50 Average Monthly Rates | Male Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| MassMutual | $13.28 | $16.98 | $35.03 | $82.65 |
| Mutual of Omaha | $13.33 | $19.35 | $33.33 | $80.84 |
| Nassau Life | $17.43 | $26.15 | $51.69 | $119.78 |
| Nationwide | $13.56 | $16.41 | $32.59 | $86.41 |
| North American | $12.98 | $16.50 | $31.90 | $77.44 |
| Principal | $12.69 | $15.80 | $31.15 | $71.97 |
How easy is it to find affordable MassMutual vs. Nationwide quotes? As you can see, rates are fairly tied for men in their 30s and 40s.
Men in their 50s pay about $2.50 more per month with MassMutual, while things reverse for men in their 60s, where Nationwide is the more expensive company by nearly $4 per month.
In short, our MassMutual vs. Nationwide Insurance Company review has shown us that MassMutual offers slightly more affordable rates to men of various ages.
Let’s move on and see if the companies’ offered rates to women can balance the scale.
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Which company offers more affordable rates to women?
Let’s now take a look at a table that compares MassMutual vs. Nationwide life insurance rates for women.
MassMutual vs. Others: Monthly Rates For Females
| Companies | Female Age: 30 Average Monthly Rates | Female Age: 40 Average Monthly Rates | Female Age: 50 Average Monthly Rates | Female Age: 60 Average Monthly Rates |
|---|---|---|---|---|
| MassMutual | $11.98 | $15.23 | $29.15 | $58.73 |
| Mutual of Omaha | $11.61 | $16.56 | $27.31 | $57.19 |
| Nassau Life | $16.14 | $22.52 | $42.11 | $89.06 |
| Nationwide | $13.34 | $16.19 | $27.13 | $61.69 |
| North American | $11.66 | $14.96 | $26.62 | $54.34 |
| Principal | $11.27 | $14.39 | $25.94 | $51.41 |
As you can see, women in their 30s and 40s pay about $1 more per month for Nationwide. Women in their 50s, however, Pay $2 more with MassMutual.
Is MassMutual again the more expensive company for women in their 60s? No, Nationwide is the more expensive company for this age group, this time by nearly $3.
In short, MassMutual offers more affordable rates to women, on average, than Nationwide.
Let’s wrap up with A.M. Best ratings and see if the tie between these two companies can be broken.
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MassMutual vs. Nationwide: Which company is more well-reviewed?
Finally, let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) give potential insured confidence in an insurer’s ability to meet its financial obligations.
MassMutual received a rating of “A++” (Superior), which is the highest rating given by A.M. Best. What is the A.M. Best rating for Nationwide? Nationwide received a slightly lower rating of “A+.”
In conclusion, our MassMutual vs. Nationwide insurance review has shown us that MassMutual offers more affordable rates and holds a higher A.M. Best rating.
We hope you have learned all you needed to decide whether to buy MassMutual vs. Nationwide life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.
Read more:
- MassMutual vs. North American: Top Life Insurance
- MassMutual vs. Principal: Top Life Insurance
- MassMutual vs. Securian Financial: Top Life Insurance
Frequently Asked Questions: MassMutual vs. Nationwide: Top Life Insurance in 2021
What follows are a few questions commonly asked about these two companies.
#1 – Is there MassMutual whole life insurance?
Amongst other forms of coverage, MassMutual offers whole life insurance.
#2 – Can I make a Nationwide online payment?
Yes, Nationwide allows its insured to make payments via the Nationwide webpage.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Travis Thompson
Licensed Insurance Agent
Travis Thompson has been a licensed insurance agent for nearly five years. After obtaining his life and health insurance licenses, he began working for Symmetry Financial Group as a State Licensed Field Underwriter. In this position, he learned the coverage options and limits surrounding mortgage protection. He advised clients on the coverage needed to protect them in the event of a death, critica...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.