Boston Mutual Life Insurance Company
Solutions for Individual & Families

First, a brief explanation of Life Insurance

Simply put, life insurance provides protection against the economic loss caused by the death of the person insured. Usually, it is a lump sum payment (sometimes known as a death benefit) to beneficiaries. The amount of premiums paid for this coverage varies based on the type of life insurance, the amount of coverage and other factors.

Life insurance is purchased based on the needs and goals of the individual wanting to insure his/her life and the lives of his/her family, and it is typically paid monthly. The benefit can help replace lost income, help pay for funeral costs, debts, and even medical expenses of the deceased not covered by health insurance.

Our Individual Life Insurance Options

The following life insurance products are available to individuals and their families through our General Agencies sales division.

If you’d like to learn more about the products below, or speak to a representative to find out how you can get started today, click here to find an agent in your area.

For more information on benefits available through your workplace, click here.

Are you an agent and looking to add Boston Mutual Life Insurance to your product portfolio? Click here to contact us to learn more about how to be appointed with us.

Permanent Life Insurance: Infinite Life

The Boston Mutual Life Insurance Infinite Life plan provides affordable, permanent life insurance protection for you and your family. Premiums remain the same regardless of your age or changes in your health status. The Infinite Life plan builds guaranteed cash value that increases each year and can serve as an important part of your family’s long-term financial strategy by addressing a lifetime of ever-changing needs. The cash value can be used for any purpose you choose. Infinite Life policyholders are also eligible to receive annual policy dividends, when issued by the company, which may be used to reduce premiums, purchase additional coverage or build the cash value of your policy. The Infinite Life plan makes it easy for you to purchase the level of life insurance that is right for you up to $250,000. You can elect up to $100,000 in coverage without having to complete a physical exam or submitting medical records. Your life insurance policy provides coverage for as long as you live or until it is canceled. You have the option to choose the mode and frequency of premium payment (monthly EFT, quarterly, semi-annual or annual) that best suits your needs. Coverage highlights:

  • Guaranteed Death Benefit: Infinite Life provides permanent life insurance coverage. As long as premiums are paid, your beneficiary(ies) is/are guaranteed to receive the face amount of the policy in the event of your death.
  • Guaranteed Level Premiums: The premiums for your Infinite Life policy will not change regardless of your age or changes in your health status
  • Guaranteed Cash Values: The cash values of your Infinite Life policy are guaranteed not to decline regardless of changes in market conditions – and will continue to accumulate as long as the premiums are paid. Should the need arise, you may borrow either all or a portion of the accumulated cash value by filling out a simple loan form. Policy loans and withdrawals will affect the cash value of your policy and could reduce the death benefit.
  • Policy Dividends: As a mutual insurance company, Boston Mutual Life Insurance is owned by and operated for the benefit of our policyholders. Therefore, Infinite Life policyholders are eligible to receive policy dividends.* Policy dividends are credited to your policy on an annual basis. They may be paid out to you, used to reduce premium payments, purchase additional whole life coverage, or left on deposit to be withdrawn at any time, or added to the surrender value or death benefit of the policy. *Dividends are not guaranteed.
  • Non-Forfeiture Option: Life circumstances change from time to time. If you stop paying premiums on your Infinite Life policy, the guaranteed cash value in your policy can be converted into extended term or paid-up insurance. The extended term option will provide your current death benefit at the time your policy lapsed for as long as the cash value in your policy can pay for it. The paid-up option will use the policy’s accumulated cash value to purchase a reduced amount of paid-up life insurance.

Infinite Life offers supplemental coverage as optional policy riders.*

  • Payor Waiver of Premium: guarantees that your premium will continue to be paid on your behalf should the payor become totally disabled. Available to applicants ages 16 - 55.
  • Accelerated Benefit Option Rider: pays out all or a portion of the death benefit (up to $50,000) if you are declared terminally ill with a life expectancy of 12 months or less
  • Children’s Term Rider: covers all eligible natural children, stepchildren, or legally adopted children from age 15 days through age 25
  • Accidental Death Benefit: provides additional financial protection should your death occur as a direct result of an accident
*Additional cost may be associated with some of the policy riders.

Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC21 OL-21, OL-21, OL-21 CA, OL-21 (FL), and OL-21 ND, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time. *For the Compact it is “ICC21 OL-21”. Variations for Non-Compact states (California, Delaware, Florida, North Dakota, South Dakota).
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Permanent Life Insurance: Legacy Life Select

The Boston Mutual Life Insurance Legacy Life Select plan provides permanent life insurance coverage for federal, state, and municipal employees and their family members actively at work or in school. This plan offers peace of mind for those individuals looking to protect the financial security for their loved ones. It offers coverage for your entire family through a simple and easy application. The Legacy Life Select plan provides up to a quarter of a million dollars of coverage to help protect your family against financial hardship. Coverage highlights:

  • Premiums will never increase as long as payment is made
  • Death Benefit will not decrease regardless of changes to your age or health
  • As long as premiums are current, your policy cannot be cancelled
  • You will not have to renew your coverage or prove your insurability
  • As long as premiums are consistently paid, this endowment policy covers you until age 98
  • Purchase up to $100,000* of whole life insurance without requiring a physical exam or medical records**
  • Payment can be made via bank draft or direct bill on a quarterly, semi-annual or annual basis
  • This whole life policy accumulates cash value at a tax deferred rate. The cash value accumulated on the policy can be borrowed for any future needs that may arise, such as an emergency, college expenses or even retirement. While your policy is in force, access to the accumulated cash value is as easy as filling out a simple loan form.
*Coverage can be purchased over $100,000 and up to $250,000 by completing a fully underwritten application, which may require a physical exam and/or medical records. ** Age qualification requirements apply. $100,000 simplified issue coverage is only available up to age 50. Higher ages have other assigned maximum amounts.

Legacy Life Select can be a solid foundation that helps you build a long-term financial plan for you, your family or your business. Below are just a few of the ways Legacy Life Select can help.

  • Protect your family in their time of need
  • Policy benefits can help to pay off your mortgage and other outstanding debts
  • Policy loans*** or insurance benefits from the Legacy Life Select plan can help fund your children’s education
  • Cash value accumulation can be used through loans*** to supplement your retirement income, while maintaining your valuable coverage
  • Your favorite charity can be named as beneficiary to bequest its proceeds – Legacy Life Select can enable you to make a significant donation to the charity or organization of your choice
*** Loans and withdrawals will affect the cash value of the policy and could affect death benefit.

Legacy Life Select offers supplemental coverage as optional policy riders.*

  • Payor Waiver of Premium: Guarantees that your premium will continue to be paid on your behalf should the payor become totally disabled. Available for applicants ages 16 - 55.
  • Accelerated Benefit Option Rider: Pays out all or a portion of the death benefit (up to $50,000) if you are declared terminally ill with a life expectancy of 12 months or less.
  • Children’s Term Rider: Covers all eligible natural children, stepchildren, or legally adopted children age 15 days through age 25. Available for applicants (primary insured) between ages 18 - 55.
  • Accidental Death Benefit: Provides additional financial protection should your death occur as a direct result of an accident. Available for applicants ages 15 days - 60 years.
* Additional cost may be associated with these policy riders. This is a brief summary of benefits - see your policy for full details.

Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC20 E-98 (11/20), E-98 (11/20), and E-98 (2/21), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time. *For the Compact it is “ICC20 E-98 (11/20)”. For the Non-Compact states (California, Delaware, North Dakota), it is “END-95(ESO)(9/20)”, or if it is Florida or South Dakota it is "END-95(ESO)(2/21)".
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Permanent Life Insurance: Legacy Life Express

The Boston Mutual Life Insurance Legacy Life Express plan is permanent life insurance protection for you and your family. The protection you purchase under the Legacy Life Express goes beyond burial insurance; it can provide up to a quarter of a million dollars’ worth of coverage to help secure your family’s future. The cash value accumulated by the policy can be used to help you fund your children’s education or supplement your income. It’s easy to apply for the Legacy Life Express. Simply answer a few medical questions. Your entire family can apply for this life insurance coverage. Coverage highlights:

  • Premiums will never increase as long as payment is made
  • Death benefit will not decrease regardless of changes to your age or health
  • As long as premiums are current, your policy cannot be cancelled
  • You will not have to renew your coverage or prove your insurability
  • As long as premiums are consistently paid, this endowment policy covers you until age 98
  • Purchase up to $100,000* of whole life insurance without requiring a physical exam or medical records**
  • Payment can be made via bank draft or direct bill on a quarterly, semi-annual or annual basis.
*Coverage can be purchased over $100,000 and up to $250,000 by completing a fully underwritten application, which may require a physical exam and/or medical records. ** Age qualification requirements apply. $100,000 simplified issue coverage is only available up to age 50. Higher ages have other assigned maximum amounts.
 

Legacy Life Express can be a solid foundation that helps you build a long-term financial plan for you, your family or your business. Below are just a few of the ways Legacy Life Express can help.

  • Protect your family in their time of need
  • Policy benefits can help to pay off your mortgage and other outstanding debts
  • Policy loans*** or insurance benefits from the Legacy Life Express plan can help fund your children’s education
  • Cash value accumulation can be used through loans*** to supplement your retirement income, while maintaining your valuable coverage
  • Your favorite charity can be named as beneficiary to bequest its proceeds – Legacy Life Express can enable you to make a significant donation to the charity or organization of your choice
*** Loans and withdrawals will affect the cash value of the policy and could affect death benefit.

Legacy Life Express offers supplemental coverage as optional policy riders.*

  • Payor Waiver of Premium: Guarantees that your premium will continue to be paid on your behalf should the payor become totally disabled. Available for applicants ages 16 - 55.
  • Accelerated Benefit Option Rider: Pays out all or a portion of the death benefit (up to $50,000) if you are declared terminally ill with a life expectancy of 12 months or less
  • Children’s Term Rider: Covers all eligible natural children, stepchildren, or legally adopted children age 15 days through age 25. Available for applicants (primary insured) between ages 18 - 55.
  • Accidental Death Benefit: Provides additional financial protection should your death occur as a direct result of an accident. Available for applicants ages 15 days - 60 years
*Additional cost may be associated with these policy riders. This is a brief summary of benefits - see your policy for full details.

Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Series* ICC20 E-98 (11/20), E-98 (11/20), and E-98 (2/21), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual Life Insurance representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual Life Insurance is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual Life Insurance reserves the right to discontinue any of the Services at any time. *For the Compact it is “ICC20 E-98 (11/20)”. For the Non-Compact states (California, Delaware, North Dakota), it is “END-95(ESO)(9/20)”, or if it is Florida or South Dakota it is "END-95(ESO)(2/21)".
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Other Products and Features

The following riders may be available to add onto one of our individual insurance offerings. To learn more about your options, contact your Boston Mutual Life Insurance representative or click here to find an agent in your area.

Children’s Term Rider

For pennies on the dollar, you can insure all of your children from birth (15 days) through college (25 years). After age 25, each child’s coverage can be converted to an individual life insurance policy with a maximum death benefit or five times the rider, or $40,000, without providing evidence of insurability.

Children’s Term Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form ICC18 CTR-2 (8/18) or CTR-2 (8/18), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual Life Insurance representative.
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Accelerated Benefit Option

Automatically included in your life insurance policy and at no cost to you is the Accelerated Benefit Option. This benefit will advance you a cash payout in terminal illness or physical condition situations providing financial security to your loved ones at an essential time.

Accelerated Benefit Option Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form BML ABOR 10/93, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual Life Insurance representative.
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Accidental Death Benefit

The Accidental Death Benefit protects your loved ones from the financial burden that an accidental death can bring. If you die as a direct result of an injury due to a covered accident, the death benefit paid to your beneficiary will be doubled.

Accidental Death Benefit Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form ICC18 ADR-1 (8/18) or ADR-1 (8/18), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual Life Insurance representative.
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Payor Waiver of Premium Benefit

Boston Mutual Life Insurance will waive your policy’s premium if you become permanently disabled. When you are unable, we will safeguard your family’s financial protection.

Waiver of Premium Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form ICC18 WPR-1 (8/18) or WPR-1 (8/18), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual Life Insurance representative.
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Premium Deposit Fund (PDF)

The premiums that you regularly deposit into the policy’s Premium Deposit Fund (PDF), plus the interest earned, can be used to pay your overdue or future premiums. As the account grows, the PDF can be used to help fund your children’s college education or supplement your income during your golden years. This fund can help you keep the protection that you purchased for your loved ones in force and may help meet your needs during times of hardship - giving you peace of mind at a time when you may need it most.

Premium Deposit Fund Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form BML PDF0880 (Rev 7/87), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual Life Insurance representative.
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Get Started Today!

If you’d like to learn more about the products above, or speak to a representative to find out how you can get started today, click here to find an agent in your area.

For more information on benefits available through your workplace, click here.

Are you an agent and looking to add Boston Mutual Life Insurance to your product portfolio? Click here to contact us to learn more about how to be appointed with us.