Boston Mutual Life Insurance Company Review

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One of the hardest parts about buying life insurance is sorting through the hundreds of companies who offer coverage to find the best one for you.

This unbiased Boston Mutual Life Insurance Company review should help you  see what this top-quality provider is all about, and what they have to offer.

The variety of life insurance products they offer are great, with options for standard policies like term life, whole life, and universal life. They also offer special, individually tailored policies.

Let’s look at the company history and financial strength first , and then we’ll check out their products.

Our Complete Boston Mutual Life Insurance Company Review

boston mutual life insurance company logoBoston Mutual Life Insurance is a great place to start your search for coverage.

Renowned for their reliability, the company has been in business since 1891 and has earned a reputation as one of “the best niche marketer of insurance products” in the United States.

If we had to boil Boston Mutual down to three main highlights, they’d have to be:

  • Strong history in the industry
  • Multiple coverage types and additional features
  • No medical exam option

Of course, these three highlights are only the tip of the iceberg. Boston Mutual Life Insurance also has a strong financial rating, responsive customer support, and an intuitive website.

Boston Mutual Life also has more than $20bn of total life insurance currently in-force, and more than 1.3$bn in total assets.

In 2017, Boston Mutual also enjoyed an upgrade in their rating, from an “A-” to an “A” from A.M. Best, which is their second highest tier, respectively.

They also currently hold an “A+” rating from the Better Business Bureau.

All of these features are what help them stick out as one of the most versatile life insurance providers licensed in all 50 states.

What Boston Mutual Life Insurance is All About

The goal of Boston Mutual Life Insurance is to help you find the absolute best coverage for your individual needs and preferences.

Their commitment to this is evident in the large number of coverage types they provide. They try to offer something which suits everyone.

This is why they offer all of the basic life insurance plans you can expect from other companies, as well as a handful of more specialized coverage types.

The main life insurance options offered by Boston Mutual include:

  • Infinite Life – Premiums always stay the same with a cash value component and coverage up to $250,000.
  • Legacy Life Select – Premiums always stay the same with a cash value component and coverage up to $250,000, only available to government employees (federal, state, and municipal).
  • Legacy Life Express – Premiums stay the same for length of policy with a cash value component and ability to cover entire family.
  • Term Life – The most flexible policy, this plan is affordable, but the premium changes with time.
  • Universal Life Insurance – A permanent option for life insurance, typically with stable premiums and a guaranteed minimum death benefit.
  • Final Expense – Final expense is, quite literally, just enough death benefit to pay for the expenses related to death, like caskets or cremation.

Another type of life insurance plan Boston Mutual offers is a group policy. This type of plan is created specifically for employers who want to offer life insurance to employees.

Your group policy options include:

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

Of course, you must remember Boston Mutual also offers a wide range of additional features to help you further tailor your plan to the needs of you and your loved ones.

Among the other group products, you can select from two accident policies, also.

What Makes Boston Mutual Life Insurance Unique

There’s no denying Boston Mutual Life Insurance has a lot going for it. Yet there are a few factors which make it stand out the most.

Chief among these is just how many different types of policies and additional features they offer (discussed above).

In addition to the variety of options, Boston Mutual is notable for both its long history in the industry and its strong financial rating.

While their great products and service no doubt account for much of this popularity, you’d be remissed to discount the role Boston Mutual’s financial stability has played in their success.

The Application Process

Boston Mutual Life Insurance has designed their application process to make it as easy as possible to complete.

It consists of a list of basic questions regarding your health, lifestyle, and family history. Your answers to these questions are used to determine your eligibility.

An underwriter working for the company determines your eligibility by assessing how risky you are to insure. This is why those with serious medical issues pose a greater risk to life insurance companies.

Note: Boston Mutual actually offers two types of life insurance: traditional coverage, which requires an exam, as well as a simplified issue product which does not.

Simply put, this type of coverage is an alternative for traditional life insurance. It doesn’t require a medical exam, and just a few health questions.

Of course, there is a downside to these types of no exam coverage. Chief among them is it comes with a higher premium and has a much lower policy limit.

Additional Features

Boston Mutual offers a wide range of annuities, waivers, and riders to further help you tailor your coverage to your specific needs.

They also have:

  • Critical Illness Insurance
  • Accident Insurance
  • Disability Insurance

What We Like About Boston Mutual Life Insurance

Boston Mutual does a lot of things right, and you should strongly consider these when shopping for the best life insurance.

These top benefits include:

  • Simple application process
  • Simplified coverage options
  • Wide variety of plans
  • Lots of additional features and riders
  • Strong financial strength rating

Don’t just take these benefits alone. Consider how they work together to provide well-rounded coverage for you and your family.

What We Don’t Like About Boston Mutual Life Insurance

There’s very little not to like about Boston Mutual. One thing which does stick out, however, is their lengthy underwriting process on traditional policies.

Though, it’s still the industry standard, the 4 to 6 week waiting period before acceptance is quickly becoming a thing of the past as many companies are making the switch to expedited approval.

Who is Boston Mutual Best for?

Anyone interested in protecting their loved ones in the event of their untimely death should look into Boston Mutual.

The variety of plans means there’s likely something that suits you. The large number of additional features enables you to further customize your plan.

Boston Mutual is also perfect for government workers. Their Legacy Life Select is worth a look by anyone working in federal, state, or municipal government.

Boston Mutual Life Insurance Customer Service

Customer service is adequate but not exactly exceptional at Boston Mutual.

They provide live phone support as well as email support to potential customers and policyholders. All their contact information is neatly displayed and easily accessible.

The Verdict

Boston Mutual is a great life insurance company for many, but it isn’t for everyone.

Though their coverage options, financial stability, and track record are all top notch, the fact is, you should compare and contrast several different providers before making a decision.

As we always recommend to everyone, explore all the different options you have from several carriers. Each has their own strengths and weaknesses.

If you have any questions at all, please contact us and we’ll direct you as best we can.

Boston Mutual Life Insurance Company Review

(877) 212-2950
120 Royall Street
Canton, MD 02021

Company Name (and subsidiaries)

  • BML Insurance Agency, Inc.


Jason Fisher

Jason Fisher is the founder and CEO of, LLC. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered.