MassMutual vs. Principal: Top Life Insurance in 2024
In a comparison of MassMutual vs. Principal, it was close, but Principal won. Principal offers more affordable rates to men and women of various ages than MassMutual. However, MassMutual does hold a higher rating from A.M. Best.
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Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
UPDATED: Dec 4, 2023
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: Dec 4, 2023
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
- Principal offers more affordable rates to men than MassMutual
- Principal also offers more affordable rates to women than MassMutual
- A.M. Best gave a higher rating to MassMutual
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. Principal life insurance today.
Our Principal and MassMutual life insurance review will cover pricing and A.M. Best ratings.
Before we dive into our MassMutual vs. Principal 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. Principal: Which company offers more affordable life insurance rates to men?
The simplest place to start when comparing two companies is pricing. Let’s look at a table that compares MassMutual vs. Principal 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. Principal life insurance quotes? As you can see, MassMutual is consistently more expensive than Principal when it comes to the rates offered to men of various ages.
In short, our MassMutual vs. Principal life insurance review has shown us that Principal is consistently the cheaper company for men.
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. Principal 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, MassMutual is again the more expensive company. Women in their 50s pay over $3 more with MassMutual, while women in their 60s pay $7 more per month with MassMutual.
Let’s wrap up with A.M. Best ratings and see if Principal can sweep our comparison.
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MassMutual vs. Principal: Which company is more well-reviewed?
In closing, 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 Principal? Principal received a slightly lower rating of “A+.”
In conclusion, our MassMutual vs. Principal insurance review has shown us that MassMutual offers more affordable rates while Principal holds a higher A.M. Best rating.
We hope you have learned all you needed to decide whether to buy MassMutual vs. Principal life insurance. Type your ZIP code into our free and helpful tool below to find affordable quotes in your area.
Frequently Asked Questions: MassMutual vs. Principal
What follows are a few frequently asked questions about these two companies.
#1 – Is there MassMutual universal life insurance?
Yes, MassMutual offers universal life insurance with flexible rates.
#2 – What is the Principal life insurance phone number?
Principal can be reached at (800) 986-3343.
#3 – Are there other ways to contact Principal life insurance customer service?
You can also contact the company using a contact form on the Principal webpage.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
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.