Fixed annuity review and rates
Stable Voyage (NY Only)
The MassMutual Stable Voyage is a single premium deferred annuity. Stable Voyage provides a guaranteed interest rate on the money that stays in your contract. The accumulation phase begins as soon as your purchase payment is applied to the annuity contract. Stable Voyage is a single premium annuity, so you cannot make multiple purchase payments into the contract.
Issue Age
(Owner only; no minimum for annuitant)
Issue Age
(Owner only; no minimum for annuitant)
- Minimum: Age 18 or age of majority
- Maximum: Age 85
Funding the annuity contract
You can fund a Stable Voyage annuity contract by using a portion of your savings, or by rolling over assets from an individual retirement account (IRA) and/or an employer-sponsored plan, such as a 401(k). The minimum purchase payment is $10,000.
Window Period
(Last 30 calendar days of an existing guarantee period)
As each guarantee period approaches its end, there is a 30-calendar-day window period. During this time you must decide whether to:
You can fund a Stable Voyage annuity contract by using a portion of your savings, or by rolling over assets from an individual retirement account (IRA) and/or an employer-sponsored plan, such as a 401(k). The minimum purchase payment is $10,000.
Window Period
(Last 30 calendar days of an existing guarantee period)
As each guarantee period approaches its end, there is a 30-calendar-day window period. During this time you must decide whether to:
- Renew into a new guarantee period. Surrender charge period restarts, unless a one-year renewal is selected.
- Take a partial or full withdrawal (no surrender charge).
- Fully or partially annuitize the contract value (no surrender charge).
Free Withdrawal Provisions
The free withdrawal amount is calculated as follows:
The free withdrawal amount is calculated as follows:
- First contract year: Up to 10% of the contract value as determined at the time we process the first withdrawal request.
- Contract years two and later: Up to 10% of the contract value, calculated as of the last business day of the previous contract year.
- Required minimum distributions (RMD): For an IRA or a qualified plan, qualifying RMD amounts that exceed the free withdrawal amount are not subject to surrender charges.
- Unused free withdrawal amounts cannot be accumulated from year to year
Partial Withdrawals
Minimum: $250; a minimum contract value of $7,500 is required after partial withdrawals.
Systematic Withdrawal Program
Available elections include the maximum surrender charge-free withdrawal, a specific dollar amount, a specific percentage of contract value or the current year’s interest earned.
Annuity Options
Minimum: $250; a minimum contract value of $7,500 is required after partial withdrawals.
Systematic Withdrawal Program
Available elections include the maximum surrender charge-free withdrawal, a specific dollar amount, a specific percentage of contract value or the current year’s interest earned.
Annuity Options
- Annuity payment options range from income for life to payments for a specific period.
- Annuity payouts may begin at any time after the start of the sixth contract year (available beginning in the 13th month in FL and NY).
Death Benefit
- Accumulation phase: Death benefit is equal to the contract value as of the date we receive both proof of death and the beneficiary’s election of a payment method.
- Income phase: Death benefit is determined by the annuity option chosen.
Interest Rates
| Guaranteed Years | Surrender Years | Guaranteed Yield | Current Yield |
|---|
Massachusetts Mutual Life Insurance Company
Founded:
1851
A.M. Best:
A++
Fitch:
AA+
S&P:
A++
Moody's:
Aa3
Brochure
Free withdrawal
10%
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, SEP IRA, KEOGH, and IRA-Roth