Insurance, Annuities, and Investments
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 PotentialGrowth 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 BenefitIf 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 OptionsThere 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
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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