Is a fixed annuity right for me?
Confidently plan for your future with a fixed-indexed annuity
When you envision a future that fulfills you, maybe you see yourself traveling, cooking, spending time with family or discovering a new hobby. Whatever it is, our goal is to help you navigate your future with confidence. Consider how a fixed annuity could help take your financial future above and beyond.
Is a fixed annuity right for me?
A fixed annuity has two phases - an accumulation phase and an income phase. During the accumulation phase, the money you contribute to your annuity can earn interest tied to positive market performance. During the income phase, the money you've accumulated in your annuity can be turned into a stream of income payments.
A fixed annuity may be the right choice to protect your principal while safely growing your money at a fixed interest rate. In addition to these benefits, you will also enjoy the opportunity to receive guaranteed income.
How is my money protected?
When it comes to planning for a secure financial future, you need to know your money will be there when you need it. A fixed annuity provides principal protection. This means, regardless of market conditions, you won't lose the money you contribute to your annuity unless you take a withdrawal or surrender your contract during the early withdrawal charge period.
How does my money earn interest?
Fixed annuities will grow in value at a fixed interest rate. The initial interest rate is guaranteed for one or more years. After that, we will declare interest rates, which will never be lower than the guaranteed minimum interest rate stated in your contract.
The power of tax deferral
One of the benefits of an annuity is the opportunity for your money to grow tax deferred. This means no taxes are paid until you take a withdrawal, so your money can grow at a faster rate than it would in a taxable product. You can learn more about the power of tax-deferred growth by reading our insight!
Can I access my money before starting the income phase?
Our fixed annuities allow penalty-free withdrawals starting in the first contract year. The amount is typically a percentage of your account value.
Amounts withdrawn in excess of the penalty-free withdrawal allowance may be subject to early withdrawal charges. Additionally, withdrawals prior to age 591/2 may be subject to IRS restrictions and a 10% federal penalty tax.
How do I receive income?
A fixed annuity provides the opportunity to turn the money you've accumulated into a steady stream of income that lasts for a specific number of years or for life.
How are my loved ones protected?
As you're planning for the future, you probably want to know what will happen to your money when you're gone. An annuity can help leave a financial legacy for your loved ones.
Before income payments begin
If you pass away before income payments begin, your beneficiaries are guaranteed to receive the account value (minus taxes and loan balances). Money is paid directly to your beneficiaries, which allows them to receive your financial legacy without the cost and delays of probate.
After income payments begin
Depending on which payout option you select, the person you designated can continue receiving income payments for a specific number of years or for life.
To learn more about fixed annuities and if they are right for you, check out our "Is a fixed annuity right for me?" brochure!
For use with contract forms P1138919NW, P1138919ID, P1088011NW, P1088011ID, P1088111NW, P1088111ID, P1463016ID, P1459716NW, P1459716ID, P1123117NW, P1123117ID, P1123217NW, P1123217ID, P1133518NW, P1133518ID, P1086811NW, P1086811ID, P1081610NW, P1081610ID, ICC21-P1151521NW and ICC21-P1151621NW. Form numbers vary by state.
Products, riders and features may vary by state, and may not be available in all states. See specific product disclosure documents for details.
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
F117824NW
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