People are living longer and that means more time and savings will be spent in retirement. If you need a tax-deferred investment to provide a guaranteed stream of income for life or a specified number of years in the future, an annuity may be worth considering.

What is an annuity?
An annuity is a contract between an insurance company and an annuity owner. In exchange for a purchase payment, or series of purchase payments, the insurance company guarantees¹ to pay a stream of income that begins immediately or at some time in the future, generally after the annuitant reaches age 59½. Many annuities offer tax-deferral advantages and beneficiary protection options. In addition, annuities can provide income for life, for a specific period of time, or a combination of both.

Who needs an annuity? 
As life expectancy continues to increase for most Americans, it’s clear that many people will spend more of their time – and their savings – in retirement. An annuity can play an important role in your retirement income strategy by providing a guaranteed, predictable income stream you can’t outlive – and may offer tax-deferral advantages as well. However, annuities are not right for everyone. It’s important to discuss any annuity options you are considering, including associated fees or expenses, with your financial professional.

What are the different types of annuities?

Fixed Annuities
The money in a fixed annuity is credited with a fixed rate of interest for a period of time specified in the contract and the tax-deferral advantage allows those assets to benefit from compounding over time.

Variable Annuities
Variable annuities combine tax-deferral of any earnings with the ability to allocate purchase payments among a range of investment options, designed to meet individual financial goals and risk tolerance.

Income Annuities

Income annuities can provide income either immediately or at some time in the future.

Annuities are not appropriate for everyone. There are fees and charges associated with owning an annuity.

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¹Guarantees are based on the claims-paying ability of the issuing company.

Before purchasing a variable annuity, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity. For this and other information, obtain the product prospectus 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.

Variable annuities offered through registered representatives of MML Investors Services, LLC, Springfield, MA 01111.

Principal Underwriters: MML Strategic Distributors, LLC. and MML Investors Services, Members FINRA and SIPC ( and MML Strategic Distributors, LLC. and MML Investors Services are subsidiaries of Massachusetts Mutual Life Insurance Company, 1295 State Street, Springfield, MA 01111-0001.

The information provided is not written or intended as specific tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. 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.