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As a business owner, you know how important it is to plan for your financial future. Your company’s retirement plan can play a key role in helping both you and your employees save for the future. It can also help you attract and retain the talent you need to help your business grow. Adding an annuity option to your retirement plan is worth considering. They can help you and your employees save for retirement and are the only option that can guarantee lifetime income.

Features and benefits

Tax Deferral1
Any interest or earnings in an annuity contract owned by an individual accumulate free of current income tax. Generally, you don’t pay taxes until you take a withdrawal. This means more of your contract value remains available to benefit from potential earnings or interest, creating the potential for faster growth.

Guaranteed Lifetime Income Options2
Annuities allow the contract owner to choose, within contract limits, when and how to receive annuity income payments. Annuity options are available that can guarantee income for life, for a specific period of time, or both.

Beneficiary Protection
Most annuity contracts pay a death benefit to a designated beneficiary if the contract owner dies before annuity payments begin. After annuity payments begin, any death benefit would be based on the type of annuity option selected.

Fund Individual Retirement Accounts

Annuities can be used to fund individual retirement arrangements, including a Savings Incentive Match Plan (SIMPLE-IRA) or a Simplified Employee Pension Plan (SEP-IRA). These agreements both provide effective ways for you and your employees to save for retirement. Keep in mind that annuities do not provide any additional tax advantages when used to fund a qualified plan. You should consider an annuity to fund a qualified plan for the annuity’s additional features, such as lifetime income options and death benefit protection.


View Product/Fund Performance & Regulatory Documents

What is the process for getting an annuity?

illustration of two figures in virtual meeting

When you work with a financial professional, you can expect:

    • Analyze
    • During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives.

    • Recommend
    • After looking at your entire financial picture, your financial professional will provide you with suggestions to fill in the gaps so you can choose the products best suited for your situation.

    • Purchase
    • If you're satisfied with their recommendations, they work with you to secure the products and services to help ensure your financial future.

    • Review
    • Your financial professional can work with you over time through periodic reviews to help you monitor the strategies in place, and their capacity to continuously meet your goals.

Contact a financial professional

Why MassMutual



we've been helping people secure their financial future and protect the ones they love

more than


of life insurance protection in force as of 12/31/22

named for the


year in a row as a Best Place to Work for Disability Inclusion according to the Disability Equality Index®



in life insurance and annuity benefits paid in 2022

1 Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59½, may be subject to a 10% federal income tax penalty.

2 Guarantees are based on the claims-paying ability of the issuing company.

The information provided is not written or intended as specific tax or legal advice. MassMutual, its employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.

Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual) (Springfield, MA 01111-0001) and its subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company, (Enfield, CT 06082).