Different types of annuities

When you envision a future that fulfills you, maybe you see yourself traveling, cooking, spending time with family or discovering a new hobby. At MassMutual Ascend, we’re committed to going above and beyond – so when it comes to your financial future, the impossible feels possible. And we do that through our annuities.

An annuity is a financial product that’s designed to protect and grow your money, and then provide a stream of guaranteed income. Annuities offer many benefits, including protection and growth, tax deferral and guaranteed income.

When it comes to planning for your future, there’s no one-size-fits-all approach, so which annuity is right for you? At MassMutual Ascend, we offer a broad range of annuities to help meet your unique needs: immediate, fixed, fixed-indexed and registered index-linked annuities.

Immediate annuities, also referred to as a Single Premium Immediate Annuity (SPIA), is a financial product that guarantees you will receive a consistent cash flow of scheduled periodic payments, for as long as you choose. If you have a sum of money and are looking for guaranteed income payments for life and other tax advantages, an immediate annuity may be right for you. 

Advantages:

• Payments for life
• Tax advantages
• Guaranteed income

Fixed annuities grow your money at a steady, predictable rate and receive total protection from loss. A fixed annuity has two phases – accumulation and income. During the accumulation phase, you contribute to your annuity and build money, as it earns interest at a fixed rate. When you are ready to begin the income phase, those funds can be turned into a guaranteed stream of payments. Fixed annuities also offer tax-deferred growth, which means your money grows tax-free until you start receiving payments or take a withdrawal. 

Advantages:

• Protection from market loss
• Steady, predictable growth
• Tax-deferred growth
• Guaranteed income

Fixed-indexed annuities, or FIAs, grows your money based on the performance of an external index, or ETF, while receiving total protection from market losses. FIAs provide you with the unique opportunity to grow your money based on positive market performance – without the risk of market loss. Some even offer the opportunity to add a rider to help maximize your income potential or the legacy you leave for your beneficiaries. 

Advantages:

• Protection from market loss
• Locked-in earnings
• Tax-deferred growth
• Guaranteed income

Registered index-linked annuities, or RILAs, are designed to help you take advantage of some market growth based on the performance of an external index, or ETF, while providing partial protection from market loss. See below for important disclosures and information on how to obtain a copy of the prospectus. 

Advantages:

• Reduced risk exposure
• Competitive growth opportunity
• Tax-deferred growth
• Guaranteed income

Talk to your financial professional about how an annuity could fit into your overall portfolio!

Annuities are intended to be long-term products and may not be suitable for all investors. Withdrawals from an annuity contract may have tax consequences.

The information in this flier is not intended or written to be used as legal or tax advice. It was written solely to provide general information and support the sale of annuity products. You should seek advice on legal or tax questions based on your particular circumstances from an attorney or tax advisor.

Products, riders and features may vary by state, and may not be available in all states. See specific product disclosure documents for details.

Available strategies may vary by Broker/Dealer and by state. Please talk with your financial professional to determine the strategies available. Principal Underwriter/Distributor: MM Ascend Life Investor Services, LLC, member FINRA and an affiliate of MassMutual Ascend Life Insurance Company. To obtain a copy of the prospectus, please visit MassMutualAscend.com/RILArates.

MassMutual AscendSM is not an investment adviser and the information provided in this document is not investment advice. You should consult your investment professional for advice based on your personal circumstances and financial situation.

Products are issued by MassMutual Ascend Life Insurance CompanySM (Cincinnati, Ohio), a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).

All guarantees subject to the claims-paying ability of the issuing company.

This content does not apply in the state of New York.

NOT A BANK OR CREDIT UNION DEPOSIT OR OBLIGATION – NOT FDIC OR NCUA-INSURED – NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY – MAY LOSE VALUE – NOT GUARANTEED BY ANY BANK OR CREDIT UNION