MassMutual Electrum SM (SL18)

Underlying Fund Disclosure Documents

Fund order does not imply relative risk and return potential.

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. Global Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. Global Strategic Income Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. International Growth Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco Oppenheimer V.I. Main Street Fund® (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco V.I. American Franchise Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco V.I. Comstock Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco V.I. Diversified Dividend Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco V.I. Global Real Estate Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco V.I. International Growth Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Invesco V.I. Small Cap Equity Fund (Series I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

AMERICAN CENTURY VARIABLE PORTFOLIOS, INC.

American Century VP Capital Appreciation Fund (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

American Century VP International Fund (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

AMERICAN CENTURY VARIABLE PORTFOLIOS II, INC.

American Century VP Inflation Protection Fund (Class Il)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

BLACKROCK VARIABLE SERIES FUNDS, INC.

BlackRock Basic Value V.I. Fund (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

BLACKROCK VARIABLE SERIES FUNDS II, INC.

BlackRock High Yield V.I. Fund (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

BlackRock Total Return V.I. Fund (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

BNY MELLON INVESTMENT PORTFOLIOS

BNY Mellon MidCap Stock Portfolio (Service Shares)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

DELAWARE VIP® TRUST

Delaware VIP® Emerging Markets Series (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Delaware VIP® Small Cap Value Series (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

EATON VANCE VARIABLE TRUST

Eaton Vance VT Floating-Rate Income Fund (ADV Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

FIDELITY® VARIABLE INSURANCE PRODUCTS FUND

Fidelity® VIP Contrafund® Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Freedom 2020 Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Freedom 2025 Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Freedom 2030 Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Freedom 2035 Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Freedom 2040 Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Freedom 2050 Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Growth Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Overseas Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Fidelity® VIP Real Estate Portfolio (Service Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

Franklin Mutual Global Discovery VIP Fund (Class 2)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Franklin Small Cap Value VIP Fund (Class 2)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Franklin Strategic Income VIP Fund (Class 2)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Templeton Global Bond VIP Fund (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

GOLDMAN SACHS VARIABLE INSURANCE TRUST

Goldman Sachs Core Fixed Income Fund (Service)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Goldman Sachs Growth Opportunities Fund (Service)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Goldman Sachs International Equity Insights Fund (Institutional)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Goldman Sachs Mid Cap Value Fund (Institutional)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Goldman Sachs Small Cap Equity Insights Fund (Institutional)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

IVY VARIABLE INSURANCE PORTFOLIOS

Ivy VIP Asset Strategy Portfolio (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Ivy VIP Science and Technology Portfolio (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

JPMORGAN INSURANCE TRUST

JPMorgan Insurance Trust Small Cap Core Portfolio (Class 1)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

JPMorgan Insurance Trust U.S. Equity Portfolio (Class 1)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

LORD ABBETT SERIES FUND, INC.

Lord Abbett Developing Growth Portfolio (Class VC)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Lord Abbett Mid Cap Stock Portfolio (Class VC)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® VARIABLE INSURANCE TRUST

MFS® Growth Series (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® Utilities Series (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® Value Series (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® VARIABLE INSURANCE TRUST II

MFS® Blended Research Core Equity Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® Government Securities Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® International Intrinsic Value Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® VARIABLE INSURANCE TRUST III

MFS® Global Real Estate Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MFS® Mid Cap Value Portfolio (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML SERIES INVESTMENT FUND

MML Aggressive Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML American Funds Core Allocation Fund (Service Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML American Funds Growth Fund (Service Class I) *
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

- American Funds Insurance Series® Growth Fund (Class 1)*

MML American Funds International Fund (Service Class I) *
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

- American Funds Insurance Series® International Fund (Class 1)*

MML Balanced Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Blue Chip Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Conservative Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Equity Income Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Equity Index Fund (Class III)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Focused Equity Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Foreign Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Fundamental Equity Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Fundamental Value Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Global Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Growth & Income Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Growth Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Income & Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML International Equity Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Large Cap Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Managed Volatility Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Mid Cap Growth Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Mid Cap Value Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Moderate Allocation Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small Cap Growth Equity Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small Company Value Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small/Mid Cap Value Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Total Return Bond Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML SERIES INVESTMENT FUND II

MML Blend Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information | Information Statement |
Portfolio Holdings: Q1 | Q3

MML Dynamic Bond Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Equity Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML High Yield Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Inflation-Protected and Income Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Managed Bond Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Short-Duration Bond Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Small Cap Equity Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML Strategic Emerging Markets Fund (Class II)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

MML U.S. Government Money Market Fund (Initial Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information

PIMCO VARIABLE INSURANCE TRUST

PIMCO All Asset Portfolio (Administrative Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

PIMCO CommodityRealReturn® Strategy Portfolio (Advisor Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

PIMCO Emerging Markets Bond Portfolio (Advisor Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

PIMCO Global Bond Opportunities Portfolio (Unhedged) (Administrative Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

PIMCO High Yield Portfolio (Administrative Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

PIMCO Long-Term U.S. Government Portfolio (Administrative Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

PIMCO Real Return Portfolio (Administrative Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

PIMCO Total Return Portfolio (Administrative Class)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

T. ROWE PRICE FIXED INCOME SERIES, INC.

T. Rowe Price Limited-Term Bond Portfolio (Class I)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

VOYA VARIABLE PORTFOLIOS, INC.

Voya International Index Portfolio (Class S)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Voya Russell™ Mid Cap Index Portfolio (Class S)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

Voya Russell™ Small Cap Index Portfolio (Class S)
Summary Prospectus | Prospectus | Annual Report | Semi-Annual Report | Statement of Additional Information |
Portfolio Holdings: Q1 | Q3

*Individual Fund Footnotes:
The MML American Funds® Growth Fund invests all of its assets in Class 1 shares of the American Funds Insurance Series® - Growth Fund. The American Funds Insurance Series® - Growth Fund is not available directly as investment choice under your MassMutual variable product. You should read the MML American Funds® Growth Fund prospectus in conjunction with the respective American Funds Insurance Series® - Growth Fund prospectus.
The MML American Funds® International Fund invests all of its assets in Class 1 shares of the American Funds Insurance Series® – International Fund. The American Funds Insurance Series® - International Fund is not available directly as investment choice under your MassMutual variable product. You should read the MML American Funds® International Fund prospectus in conjunction with the respective American Funds Insurance Series® – International Fund prospectus.

Sales of all variable life insurance products must be preceded or accompanied by the current prospectuses for the products and their investment choices, which contain more information on charges, expenses, risks, and investment objectives. Please read them carefully before you invest or send money. These prospectuses are available through the above links. Contact your registered representative if you have any questions.

MassMutual ElectrumSM (Policy Forms SL18, ICC16SL18 and ICC16SL18 in North Carolina) is flexible premium, variable, adjustable life insurance. This product is not participating. MassMutual Electrum is issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Principal Underwriters: MML Distributors, LLC. and MML Investors Services, Members FINRA and SIPC (www.FINRA.org and www.SIPC.org) MML Distributors, LLC. and MML Investors Services are subsidiaries of Massachusetts Mutual Life Insurance Company, 1295 State Street, Springfield, MA 01111-0001.

Not FDIC/NCUA Insured Not a Bank Deposit Not Bank Guaranteed
May Lose Value Not Insured by Any Federal Government Agency