Deferred Fixed Annuities

Deferred fixed annuities require a deferral period before you can begin receiving income. The money in your contract is credited with a fixed rate of interest for a specific period of time and you won’t have to pay taxes on your earnings until you withdraw them as income.1 Because there is no exposure to market risk, your principal is protected. When you are ready to begin receiving income, you can choose from a variety of options to customize your income stream.

Predictability

Interest rates are “locked in” for a specific period of time so you can have greater certainty while your savings grow and as you plan for your future.

Liquidity

Most contracts allow the owner to withdraw a certain percentage of their contract value annually – usually up to 10 percent – free of any surrender charges.2

Death Benefit

If you die during the accumulation phase of your annuity contract, your beneficiary will receive a death benefit. Any death benefit payable during the annuity income phase is based upon the annuity option you select.

1There is no additional tax-deferral provided when an annuity contract is used to fund a tax-qualified retirement plan. Investors should only buy an annuity contract for the annuity’s additional features, such as lifetime income payments and/or death benefit protection.

2Amounts withdrawn in excess of the free withdrawal amount are typically subject to surrender charges. Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59 ½, may be subject to an additional 10% federal income tax.

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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.

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).