Variable Annuities

Variable annuities provide the potential to grow your assets and defer paying taxes on the earnings until you withdraw them as income.1 A diverse menu of professionally managed investment choices allows you to invest your contract value in a way that reflects your retirement goals, time horizon, and risk tolerance. Variable annuities are insurance products, so they provide many important features such as a variable annuity death benefit, lifetime income, and optional living benefits. Keep in mind that purchasing a variable annuity involves risk. The value of your contract can go up or down, depending on the performance of the underlying investments.

Variable annuity benefits

Growth Potential

Growth is an important part of your overall retirement income plan because it’s a way to keep pace with inflation. The opportunity for growth in a variable annuity also entails the risk that the value of your contract can go up or down, depending on market performance.

Death Benefit

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

Income Options

There are a variety of ways to generate income from a variable annuity, including withdrawals and annuity options that provide income you can’t outlive.2

View Product/Fund Performance and Regulatory Documents

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, living benefits and/or death benefit protection.

2 Guarantees are based on the claims-paying ability of the issuing company.

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Before purchasing a 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.

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.

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).