Product Type |
Key Considerations |
Focus |
Death Benefit Protection |
Lifetime Income Option(s) |
|---|---|---|---|---|
|
Tax-deferred accumulation |
|
|
|
|
Tax-deferred accumulation |
Typically |
|
|
|
Tax-deferred growth or, if a guaranteed lifetime withdrawal benefit is elected, meeting predictable income goals. |
|
|
|
|
Immediate income needs |
Depends upon annuity option chosen |
|
|
|
Future income needs |
Most DIA options provide for a return of purchase payment(s) if you die before income payments begin. After annuity income payments begin, any death benefit payable will be based on the annuity option you have chosen. |
|
Annuities
There are many different ways to think about retirement, and your dreams may not appear on anyone’s bucket list but your own. No matter how you envision retirement, having the freedom to live life your way will depend, at least in part, on having a secure source of reliable income. Annuities are one of the few sources of retirement income that can guarantee1 income for life.
How do annuities work?
It really depends on the annuity. Some are designed to help you accumulate savings for long-term goals like retirement. Other annuities focus on providing a guaranteed income stream that begins either immediately or in the future.
Do I need an annuity?
A longer lifespan can translate into a longer retirement, so your savings may have to go further and last longer. A deferred annuity can help you to accumulate assets more tax efficiently and, when the time is right, convert them into income you can’t outlive.
Planning
Social Security and
you
When it comes to Social Security, your age,
marital status, health, and financial needs are
all important.
Retirement
How annuities
work
Learn the differences between
deferred fixed, variable, and income
annuities and how they can work for
you. Contact a MassMutual financial
professional today.
deferred fixed, variable, and income
annuities and how they can work for
you. Contact a MassMutual financial
professional today.
