Annuities

    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.

    Tax Deferral1

    Any interest or earnings in an annuity contract 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.

    Guaranteed2 Lifetime Income Options

    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 Accounts1

    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 and Regulatory Documents

    1 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 payments and death benefit protection.

    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.

    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.

    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).

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