Income annuities can provide income either immediately or at some time in the future. Because income annuities are dedicated to providing an income stream over the long term, liquidity (or the ability to withdraw assets from the contract) is typically limited or unavailable. Income annuities include:

Single Premium Immediate Annuity (SPIA)
The name says it all. This annuity is designed to start paying income immediately (within 12 months of purchase) in exchange for a single purchase payment. It is typically chosen by people who are at or near retirement and who need a source of predictable income to help them meet necessary expenses. Clients can receive guaranteed* income payments for life, for a specific period of time, or both.

Deferred Income Annuity
With a deferred income annuity, clients can fund their future income stream with either a single purchase payment or multiple purchase payments. Each purchase payment generates a specific amount of guaranteed income. With this pension-like annuity, purchase payment(s) are converted into a single income stream that begins at a future time the client chooses.

Single Premium Immediate Fixed and Variable Annuity
This annuity combines a guaranteed stream of income that may fluctuate with investment performance of the selected underlying investments. Clients can receive income with guaranteed* payments for life, or for a specific period of time.

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* Guarantees 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, 1295 State Street, 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.