Premier Voyage (Most States)
Highlights
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Premium Type
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Single Premium with Additional
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|---|---|
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Max age Qualified
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90
|
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Minimum Contribution
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$10,000
|
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Maximum Contribution
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$2,500,000
|
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Market value adjustment
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|
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Return of premium
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|
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Free withdrawal
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10% |
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Launch date
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10/19/2023 |
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Types of funds
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Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, and 1035 Exchange |
Brochure
|
Open brochure |
Issue Age
- Minimum: Age 18 or age of majority (19 in AL, DE, and NE)
- Maximum: Age 90
- Minimum: $10,000 (qualified and nonqualified)
- Maximum: $2.5 million (without MassMutual® approval in all states)
- Minimum: $10,000
- Maximum: $2.5 million (total of all purchase payments, including initial) at renewal into a multi-year guarantee period
- 10 calendar days to cancel any subsequent purchase payments
- Subsequent payments may only be made on the renewal date of a multi-year guarantee period
- Initial Guarantee Period: Begins when you purchase your contract and continues for two, three, four, five, six, or seven years, depending on the period you choose.
- Renewal Guarantee Period: At the end of the initial guarantee period, you can renew your contract into a new 1-year guarantee period, or a new multi-year guarantee period, subject to availability.
A positive or negative adjustment that may be applied when you take a withdrawal, beyond your free withdrawal amount, or if you annuitize your contract value, prior to the window period in a multi-year guarantee period.
Free Withdrawal Provisions
The free withdrawal amount can be withdrawn without a surrender charge or MVA, and is calculated as follows:
- During the initial guarantee period: After the first 30 calendar days in your first contract year, you can take a free withdrawal of up to 10% of the initial purchase payment you made. During each subsequent contract year, you can take a free withdrawal of up to 10% of the contract value as of the most recent contract anniversary.
- During each multi-year renewal guarantee period: In the first year of your renewal guarantee period, you can take a free withdrawal of up to 10% of the contract value on the renewal date for that multi-year renewal guarantee period. During each subsequent year of the renewal period, you can take a free withdrawal of up to 10% of the contract value as of the most recent anniversary of the last renewal date. Unused free withdrawal amounts cannot be accumulated from year to year.
- 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.
Please note MassMutual may offer higher rates for premiums higher than the current Maximum Premium. Contact Massachusetts Mutual Life Insurance Company for more details.
Find out if the Premier Voyage (Most States) is the right product for you.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 2 years | 4.15% |
| 3 years | 4.7% |
| 4 years | 4.6% |
| 5 years | 4.55% |
| 6 years | 4.45% |
| 7 years | 4.45% |
Riders
No Riders for Premier Voyage (Most States) annuity.
Waivers
Nursing Home
Unavailable in states: CA
Withdraw all or a portion of the contract value without a surrender charge or MVA, provided you are confined to a licensed nursing home or accredited hospital for at least 90 continuous days and meet all contract eligibility requirements.
Terminal Illness
Withdraw all or a portion of the contract value without a surrender charge or MVA if you become terminally ill and meet all contract eligibility requirements.
Surrender Window
As each multi-year guarantee period approaches its end, there is a window period. The window period is the last 30 calendar days of the guarantee period plus the renewal date. During this time, you can decide whether to: 1. Renew into any available multi-year guarantee period, which is effective on the renewal date. A new surrender charge schedule will apply to withdrawals as compared to the initial guarantee period. Note the MVA would restart at this time as well. 2. Make a subsequent purchase payment if renewing into a multi-year guarantee period. 3. Take a partial or full withdrawal (no surrender charge and no MVA). 4. Fully annuitize the contract value (no surrender charge and no MVA). If no action is taken by the end of the window period, your contract will automatically default into a one-year guarantee period without a surrender charge or MVA. There is a 10 calendar day cancellation option for any multi-year guarantee period renewal and any subsequent purchase payment made.
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