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Boston Mutual Life Insurance Review

Researcher & Writer
May 08, 2018

Boston Mutual is one of many companies in the marketplace offering both exam and no medical exam life insurance. The primary goal of the following Boston Mutual life insurance company review is to help you determine if this company is the right fit for you-based on your unique need, health and lifestyle.

About Boston Mutual

Boston Mutual has been around since 1891—more than 120 years! Boston Mutual has the vision to, as their website states, be “the best niche marketer of insurance products”.

The company sells individual and group life insurance as well as disability policies. As of 2006, they had over $841 million in assets and premiums. Boston Mutual is licensed to sell life insurance in all 50 states as well as in Washington D.C.

Boston Mutual Ratings

There are many third party organizations that rate life insurance companies. These help provide a more thorough look at the financial health of the institution as a whole.

A.M. Best is one of the best rating agencies around, and they have granted Boston Mutual a rating of an A-, or Excellent as of February 12, 2016. This is a really great rating and should give the policy seekers reassurance when purchasing a life insurance policy form Boston Mutual.

Life Insurance Products sold by Boston Mutual

Boston Mutual offers the following permanent life insurance solutions for individuals and families:

Infinite Life:

  • Premiums: Never go up, even when health deteriorates
  • Insurance Type: Permanent life insurance with overage until 121 years of age
  • Maximum Coverage: Up to $250,000
  • Up to $100,000 no exam coverage for ages 50 and under
  • Issue Ages: 15 days old-80 years old
  • Cash value accumulation
  • Child term rider
  • Waiver of premium rider
  • Life insurance loans available
  • Potential dividends that can be used to purchase additional paid up life insurance, build your cash value or pay premium payments for a period of time.

Legacy Life Select*:

  • Premiums: Never go up, even when health deteriorates
  • Insurance Type: Permanent life insurance policy
  • Maximum Coverage: $250,000
  • Issue Ages: 0-80 years old
  • Paid up life insurance matures at age 98
  • Cash value accumulation
  • Life insurance loans available

*This is a life insurance policy that is available only to government employees and their families. It is available to federal, state and municipal employees.

Legacy Life Express:

  • Premiums: Guaranteed not to go up during the duration of the policy
  • Insurance Type: Simplified issue permanent life insurance
  • Medical Exam: Medical questions required
  • Covers: Entire family if desired
  • Issue Ages: 0-80 years
  • Cash value accumulation
  • Life insurance loans available

Boston Mutual also offers Term Life Insurance, Universal Life Insurance and Final Expense Insurance through BML Insurance Agency, Inc.

Term Life

This is a more flexible life insurance policy plan that allows you to get the type of coverage you need for a certain amount of time. This is a more affordable type of life insurance policy than any of the permanent policies, and is really a great choice for many.

You can visit our life insurance rates by age chart for examples of how inexpensive term coverage can be.

Group Policies

Boston Mutual excels when it comes to offering group policies. If you are an employer looking to help your employees secure the best life insurance possible, then Boston Mutual might be a great life insurance company to work with. For workplace insurance, they offer different policies:

  • Employee Life Option Plus (ELOP) Interest Sensitive Life Insurance
  • Group Term Life and Accidental Death & Dismemberment Insurance

Boston Mutual also sells a lot of other insurance products such as:

  • Children’s Insurance Agreement
  • Accelerated Benefit Option
  • Accidental Death Benefit
  • Waiver of Premium Benefit
  • Premium Deposit Fund

Overall Assessment of Boston Mutual

Boston Mutual is a great life insurance company with a track record that speaks loudly of its reliability. Every year, many, many people find Boston Mutual to be the best possible choice when it comes to a life insurance company. As stated, Boston Mutual has a great reputation with rating agencies. If you do end up purchasing a policy with Boston Mutual, the chances are you will be satisfied.

Is there anything better than Boston Mutual?

When it comes to purchasing a policy from a life insurance company, the answer varies from person to person. If it didn’t, then you could probably just type “Best Life Insurance Company” in a search engine and come up with a consensus from multiple sources all recommending the same life insurance company. Unfortunately, that’s not the case.

There are hundreds of life insurance companies out there—and many of them are great. The trick is finding the life insurance company that will be the best for you.

How do I find the best life insurance company for me?

Finding the best life insurance company is tricky when you try to do it on your own. In fact, chances are, you won’t even know if you’re getting the best life insurance policy unless you see what many life insurance companies can offer you. And who has time for all that?

Lucky for you, there’s TermLife2Go.

We take the time to get to know you and your needs. We then take that information and see what the top rated life insurance companies in the United States would offer you. Then and only then do we make a recommendation.

If Boston Mutual is the best life insurance company for you, then we’ll tell you that. If Boston Mutual is not the best life insurance company for you, then we’ll tell you that, too. Our main objective is to get you the best possible coverage at the most affordable price.

Written by
We are a team of life insurance experts with the simple mission of helping you find the best coverage for your unique situation. We research, review, and rank life insurance companies to make that process easier.