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UL Navigator Universal Life Insurance with the Flexibility to Meet Your Changing Needs UL Navigator Benefits and Features

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UL Navigator Universal Life Insurance with the Flexibility to Meet Your Changing Needs UL Navigator Benefits and Features UL Navigator Universal life insurance with the flexibility to meet your changing needs UL Navigator Benefits and Features Universal Life Navigator (UL Navigator) is a flexible life insurance product that can adapt to your changing needs over time to help protect your family or business. It offers the following benefits and features: • Coverage for life – The policy is – Tax-advantaged distributions1 – designed to provide life insurance Policyowners can access their account protection over your entire life. value on a tax-advantaged basis • Account value accumulation – The through withdrawals or policy loans. policy builds account value and offers • Optional benefits – UL Navigator offers a guaranteed minimum credited rate optional benefits through policy riders2 of 3.00%. Your policy’s account value designed to help you: can be used as a source of funds for – Keep your coverage without having to emergencies or to help supplement your pay premiums if you become disabled; 1 retirement income. – Purchase additional life insurance • Income tax advantages – UL Navigator as your coverage needs increase offers valuable income tax advantages over time, without having to provide that include: medical information; and – An income tax-free death benefit – – Provide life insurance protection for The policy proceeds are generally your spouse or child. received income tax free. – Tax-deferred account value growth – Any account value accumulation is tax deferred. The decision to purchase life insurance should be based on long-term financial goals and the need for a death benefit. Life insurance is not an appropriate vehicle for short-term savings or short-term investment strategies. Early surrender charges apply for the first 9 coverage years. Those charges may decrease the value of the policy substantially depending on how early the policy, or any portion of it, is surrendered or accessed. While the policy allows for access to account values, you should know that there may be little to no account value available for loans and withdrawals in the policy’s early years. The information provided is not written or intended as specific tax or legal advice. MassMutual, its subsidiaries, employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel. 1 Withdrawals and decreases in Face Amount may have tax consequences. You should consult your tax advisor. Policy withdrawals are not subject to taxation up to the amount paid into the policy (cost basis). If the policy is a Modified Endowment Contract, policy loans and/or withdrawals will be taxable to the extent of gain and are subject to a 10% tax penalty. Policy loans and/or withdrawals also will reduce the cash surrender value and may reduce the policy death benefit. Taking a policy loan could have adverse tax consequences if the policy terminates before the insured’s death. 2 Riders are available for an additional cost. NOT A BANK OR CREDIT UNION DEPOSIT OR OBLIGATION • NOT FDIC OR NCUA INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT GUARANTEED BY ANY BANK OR CREDIT UNION How UL Navigator Works Protection That Adapts as Your Life Changes Flexible Premiums Having a life insurance policy that can adjust A UL Navigator policy is designed to be as your life changes is important. In addition more flexible than some other types of life to the death benefit, UL Navigator offers insurance. You can decide how much premium premium flexibility, the opportunity to to pay, within certain minimum and maximum accumulate account value, and tax advantages. limits. This means you can pay less when you UL Navigator gives you the flexibility to help need to, or pay more to accumulate additional protect your family or business, no matter account value on a tax-deferred basis. what happens down the road. Maintaining Your Policy Understanding the mechanics of UL Navigator can help you maintain your coverage, and take advantage of the accumulation potential that the policy offers. Your policy will not lapse as long as the account value (less any applicable surrender charge or policy loan balance) is sufficient to cover the monthly policy charges. The policy charges are based on age and issue class, and vary each month based on the difference between the account value and the death benefit. Paying the minimum premium to keep your policy from lapsing may result in the need for higher premium payments later. Alternatively, starting out paying higher premiums offers greater potential for account value accumulation. Since 1851, our business decisions have been guided by our customers’ needs. Today, we offer a wide range of financial products and services to help people secure their future and protect the ones they love. Learn more at www.massmutual.com Universal Life Navigator (policy form P6-2008 and P6-2008-NC in North Carolina) is participating, interest sensitive, universal life insurance. Dividends are not expected to be paid. They are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. © 2018 Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. LI3622 118 CRN202012-197802.
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