What should I consider regarding a MassMutual term insurance quote?
I recently completed a medical exam with MassMutual and was classified as “Ultra Preferred,” which the agent mentioned is their top risk class. They offered me a quote of about $88 per month for a 30-year term with $1 million coverage and $113 per month for whole life insurance with $100k coverage. Since I’m new to life insurance, I’m unsure whether these quotes are reasonable or overpriced. What do you think? I also have Group Life and AD&D coverage through my job at a non-profit, where I plan to stay for the next 10-15 years. Should I opt for term or whole life insurance?