Annuities are one of the few sources of retirement income that can guarantee1 income for life. So 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. Start planning for the future you want - and put our more than 170 years of experience to work for you.
An annuity is a contract with an insurance company designed to help you accumulate funds for a long-term goal (like retirement) and/or protect you from the risk of outliving your savings.
Payments into deferred annuities grow tax-deferred, and their value can be withdrawn or converted into a guaranteed income stream for a specific duration of years or your lifetime2. Payments into income annuities also provide guaranteed income, either immediately or at a future date you choose.
Need more information?
If you're looking to supplement your retirement income or guarantee income for the rest of your life, an annuity may be a smart choice for you. A MassMutual financial professional can help you understand all the details.
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.
deferred
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variable annuity |
fixed index
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immediate income
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deferred income
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features & benefits |
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focus |
Tax-deferred accumulation |
Tax-deferred growth or, if a guaranteed lifetime withdrawal benefit is elected, meeting predictable income goals |
Tax-deferred accumulation |
Immediate income needs |
Future income needs |
death benefit protection |
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Typically |
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Depends upon annuity option chosen |
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. |
lifetime income option |
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Registered index-linked annuities
MassMutual offers registered index-linked annuities through our wholly owned subsidiary, MassMutual Ascend. These products provide competitive earning potential by allowing you to participate in market growth while limiting risk exposure.
When you work with a financial professional, you can expect:
During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives.
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.
If you're satisfied with their recommendations, they work with you to secure the products and services to help ensure your financial future.
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.
since
1851
we've been helping people secure their financial future and protect the ones they love
more than
$1.0T
of life insurance protection in force as of 12/31/23
named for the
6th
year in a row as a Best Place to Work for Disability Inclusion according to the Disability Equality Index®
delivered
$9.1B
insurance and annuity benefits paid to policyowners and other customers in 2023