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(SPRINGFIELD, MA)- Massachusetts Mutual Life Insurance Company (MassMutual) today unveiled MassMutual Equity EdgeSM, a new single-premium deferred variable annuity contract.1 MassMutual Equity Edge is a simplified variable annuity designed to provide a degree of equity exposure with built-in principal protection in a single product for certain investors who are preparing for retirement. The product is available in most states.
"MassMutual Equity Edge is an innovative, needs-based solution," said David O'Leary, senior vice president, MassMutual Annuities. "It offers a new, patent-pending approach to investing in equities for investors who want to participate in the stock market while protecting their principal, provided they remain fully invested during the benefit period of their choice."
An Innovative Annuity
With MassMutual Equity Edge, investors choose a benefit period of 5, 7 or 10 years and make a single purchase payment. Their purchase payment is allocated between a fixed account and a variable investment choice, which seeks to provide investment results that correspond to the price and yield performance of publicly traded common stocks in the aggregate as represented by the S&P 500® Index.
MassMutual automatically determines the allocation to each investment to provide at least 100 percent principal protection for those who remain fully invested during their benefit period. Investors do not choose from numerous investment choices or several asset allocation models, nor do they change dollar allocation during the benefit period, making this a simplified long-term investment vehicle.
MassMutual Equity Edge also allows annuity investors to convert their contract value into a lifetime stream of retirement income through several payout options. Other built-in provisions include a death benefit as well as home health care, nursing home and terminal illness waivers, which are available in most states.
About MassMutual Financial Group®
MassMutual Financial Group is the fleet name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliates, with more than 13 million clients and over $395 billion in assets under management at year-end 2005.
Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income management company headquartered in Springfield, Mass. MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; and MML Investors Services, Inc., member FINRA and SiPC (www.finra.org www.sipc.org)
Not a bank or credit union deposit or obligation.
Not FDIC- or NCUA-insured.
Not insured by any federal government agency.
Not guaranteed by any bank or credit union.
May go down in value.
The MassMutual Equity EdgeSM variable annuity is sold by prospectus. Before purchasing a variable annuity contract, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and its underlying investment choices. For this and other information, obtain the prospectuses for the MassMutual Equity Edge variable annuity and its underlying investment choices from your registered representative. Please read the prospectuses carefully before investing or sending money.
The S&P 500 Index is a list of securities frequently used as a measure of U.S. stock market performance. The S&P 500 Index is unmanaged and does not represent the performance of MassMutual Equity EdgeSM or a specific underlying fund. An investment cannot be made directly in an index.
The investment return and principal value of a variable annuity will fluctuate with market conditions. Accumulation units, when redeemed, may be worth more or less than their original cost.
The proprietary method for calculating principal protection on MassMutual Equity Edge is the subject of a patent-pending application.
Guarantees and payment of lifetime income are contingent upon the claims-paying ability of the issuing company.
Withdrawals are subject to ordinary income tax and, if taken prior to age 59 ½, may be subject to a 10% federal income tax penalty.
MassMutual Equity EdgeSM and/or certain provisions may vary or may not be available in all states.
MassMutual Equity EdgeSM (Policy Form# SPDVA06; SPDVA06-DIR) is a single-premium deferred variable annuity contract issued by Massachusetts Mutual Life Insurance Company, 1295 State Street, Springfield, MA 01111-0001.
1 Some states require us to call this a modified single-premium deferred variable annuity.
Principal Underwriter: MML Distributors, LLC, 1295 State Street, Springfield, MA 01111-0001. Wholly owned subsidiary of Massachusetts Mutual Life Insurance Company.
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