Liberty Mutual vs. MassMutual: Top Life Insurance in 2024

While both Liberty Mutual and MassMutual offer term life and whole life coverage, only MassMutual provides universal life insurance. MassMutual also has lower rates and greater customer satisfaction. Comparing Liberty Mutual vs. MassMutual will help you find the best option for you.

Before starting this Liberty Mutual vs. MassMutual comparison, enter your ZIP code to find free life insurance rates in your area.

Liberty Mutual vs. MassMutual: What are their monthly rates?

Comparing affordable Liberty Mutual vs. MassMutual life insurance rates will help you find the cheapest option. The following chart is a sample of the average monthly rates based on age for a 20-year term at $250,000.

Liberty Mutual vs. MassMutual: 20-Year Term $250,000 Policy Monthly Rates by Age

As you can see, MassMutual rates are lower than Liberty Mutual rates, and rates increase as a person ages.

Liberty Mutual vs. MassMutual: What products are available?

Examining Liberty Mutual vs. MassMutual life insurance company policies will help you determine which company provides the coverage you need. Both Liberty Mutual and MassMutual provide term life and whole life insurance, but only MassMutual has universal life coverage.

Liberty Mutual offers term life insurance in 10-, 15-, 20-, and 30-year terms. The company’s Passport Term plan is a fully underwritten policy, so a medical exam is required. Eligibility for this plan ranges from 18 to 70 years of age, and coverage starts at $15,000.

The Simplified Issue Passport Term policy features no medical exam, allowing for quick approval. Available for customers between 18 and 65 years of age, the maximum benefit for this coverage is $250,000.

Liberty Mutual has two whole life insurance plans. Medical exams are only required for policies over $250,000. The simplified plan features a maximum value of $250,000, and no medical exam is required. The single-payment policy might require an exam, but it offers a higher maximum death benefit.

MassMutual provides term life coverage in 10-, 15-, 20-, 25-, and 30-year terms. The company offers two plans, with eligibility ranging from 18 to 75 years of age. Rates are guaranteed to remain level, and the minimum coverage is $100,000.

The traditional term life plan has a maximum benefit of $10 million but is only accessible through an agent. The MassMutual Direct Term plan has a maximum benefit of $3 million and can be obtained online.

MassMutual has 10 different whole life policies that range between $25,000 and $100,000, depending on the policy. While the age restrictions also differ based on the policy, the highest age of eligibility is 90 years old.

The company provides three different universal life policies. These plans feature flexible rates, and the minimum coverage ranges from $50,000 to $100,000.

The SUL Guard and UL Guard policies are available from 18 to 75 years of age, and the VUL III plan is for customers from 18 to 90 years old.

Liberty Mutual vs. MassMutual: What riders are available?

Life insurance customers can add optional coverages to a policy. These options are known as riders and they allow customers to customize a policy to meet their needs. Liberty Mutual and MassMutual both offer multiple riders.

Optional riders offered by Liberty Mutual include:

• Accidental death and dismemberment
• Child protection
• Disability waiver
• Guaranteed insurability
• Payor death and disability

Optional riders offered by MassMutual include:

• Extended conversion period (ECP)
• Life insurance supplement
• Long term care access or accelerated benefit
• Renewable term
• Guaranteed insurability
• Yearly term purchase
• Disability waiver of a premium
• Waiver of a premium on the death of insured

While MassMutual offers more riders than Liberty Mutual, both companies provide more options than most competitors. Adding these options will increase your Liberty Mutual or MassMutual life insurance quotes.

Liberty Mutual vs. MassMutual: What are their financial ratings?

Liberty Mutual has been rated an A by A.M. Best, an A2 by Moody’s, and an A by S&P. These are solid ratings and inform customers that they should have no issues receiving a payout when they file a claim.

MassMutual has been rated an A+ by A.M. Best, an Aa3 by Moody’s, and an AA+ by S&P. These are excellent ratings and tell customers they can definitely expect a payout when they file a claim.

MassMutual has been rated better than Liberty Mutual by all three credit rating agencies, but customers can expect both companies to pay out the death benefit when filing MassMutual or Liberty Mutual claims.

Liberty Mutual vs. MassMutual: Do they have any customer complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) list and rate insurance companies based on customer complaints. The two organizations have examined Liberty Mutual and MassMutual.

At the time of this comparison, the BBB has received 1,056 complaints about Liberty Mutual Insurance over the past three years. Liberty Mutual’s complaint index ratio from the NAIC is 2.20, indicating more than double the number of complaints compared to a similarly-sized competitor.

The BBB has received 44 complaints about MassMutual over the past three years. According to the NAIC, MassMutual has a complaint index ratio of 0.07, indicating far fewer complaints than the average company of a similar size.

These numbers show that MassMutual has greater customer satisfaction than Liberty Mutual.

Liberty Mutual vs. MassMutual: The Bottom Line

MassMutual has lower rates, more policy options, better financial ratings, and fewer complaints than Liberty Mutual. However, Liberty Mutual has simplified options for each type of life insurance, guaranteeing acceptance.

Comparing Liberty Mutual vs. MassMutual will help determine the right choice for you.

Now that you’ve compared Liberty Mutual vs. MassMutual, enter your ZIP code for free life insurance quotes in your area.

Liberty Mutual vs. MassMutual: Frequently Asked Questions

Here are some frequently asked questions about Liberty Mutual and MassMutual.

#1 – Do Liberty Mutual and MassMutual have mobile apps?

Liberty Mutual and MassMutual have mobile apps that are available on any mobile device. Customers can use their Liberty Mutual or MassMutual login to access digital ID cards, make policy changes, or request roadside assistance.

#2 – What additional policies are offered by Liberty Mutual or MassMutual?

In addition to life insurance, Liberty Mutual provides auto and property insurance. MassMutual offers investment and retirement support through the MassMutual Retiresmart plans.

#3 – How can I make Liberty Mutual or MassMutual payments?

Customers that buy Liberty Mutual or MassMutual life insurance can make payment by credit card, debit card, automatic bank draft, and check.