PRODUCT HIGHLIGHTS
Issue Age 13 (No minimum for annuitant)
• Minimum: Age 18 or age of majority (19 in AL, DE, and NE) • Maximum: Age 90 • Minimum: $10,000 (qualified and nonqualified) • Maximum: $2. 5 million (without MassMutual approval in all states)
Initial Purchase Payment
Subsequent Purchase Payments
• Minimum: $10,000 • Maximum: $2. 5 million (total of all purchase payments, including initial) at renewal into a multi-year guarantee period • 10 calendar days to cancel any subsequent purchase payments • Subsequent payments may only be made on the renewal date of a multi-year guarantee period • Initial Guarantee Period: Begins when you purchase your contract and continues for two, three, four, five, six, or seven years, depending on the period you choose. • Renewal Guarantee Period: At the end of the initial guarantee period, you can renew your contract into a new 1-year guarantee period, or a new multi-year guarantee period, subject to availability • Credited interest rates typically vary by the guarantee period elected as well as by purchase payment size, and will not change throughout the guarantee period elected. • Any credited interest rate will never be lower than the Minimum Guaranteed Interest Rate (MGIR), which will be set at issue based on an index rate, and will reset each time the contract is renewed into a new guarantee period, based on the index rate in effect at that time. • A positive or negative adjustment that may be applied when you take a withdrawal, beyond your free withdrawal amount, or if you annuitize your contract value, prior to the window period in a multi-year guarantee period.
Guarantee Periods 14
Guarantee Period Interest Rate
Market Value Adjustment (MVA)
13 MassMutual defines issue age as the attained age of the owner or annuitant on their last birthday. 14 Contract owners in Florida who are 65 or older at contract issue cannot choose to renew into a multi-year guarantee period that would provide a guarantee period end date that would exceed 10 years beyond the issue date.
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