We no longer offer these contracts for sale to the public. Contract owners may continue, however, to make purchase payments to their contract.

* Individual Fund Footnotes:
Invesco V.I. Core Plus Bond Fund is unavailable in contracts issued on or after May 1, 2009. For contracts issued prior to May 1, 2009, you may not allocate any new money to this fund via purchase payments or transfers.
Invesco V.I. Discovery Large Cap Fund formerly known as Invesco V.I. Capital Appreciation Fund.

Before purchasing a MassMutual variable annuity, you should carefully consider the investment objectives, risks, charges and expenses of the annuity. For this and other information, obtain the prospectus for the annuity from your registered representative. Please read the prospectus carefully before investing or sending money. You may also obtain the prospectuses (or summary prospectuses, if available) for the annuity’s underlying investment choices from your registered representative.

Panorama® (Contract form number P81-106A) is a variable annuity and was issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111.

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

Not a bank or credit union deposit or obligation	Not insured by any federal government agency	Not FDIC or NCUA-insured
Not guaranteed by any bank or credit union	May go down in value