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See MMBB's 2021 Annual Report.
Your designated beneficiary will receive a lump-sum payment of group term life insurance at the time of your death. The amount payable is based on your annual compensation upon which premiums were last paid as well as your age and length of your plan membership at the time of your death, as presented on the chart below. There is a reduction in benefits, if your death occurs before you have two years of membership. The death benefit is not taxable income to your beneficiaries. An accelerated (advanced) partial payment of your group term life insurance may be available if you have a terminal illness and are expected to die within 2 years.
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MMBB Financial Services is pleased to unveil our new website experience.
Watch a guided tutorial of our enhanced site to introduce you to important new features designed to help you live your life with financial confidence.
You will be linking to another website not owned or operated by MMBB. MMBB is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by MMBB of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from MMBB.
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