Premier Voyage (Most States)
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MassMutual’s Premier Voyage, a fixed deferred annuity, provides a fixed interest rate for a guaranteed period of time and the potential for lifetime income, which means you can rest easy knowing that your retirement income will last as long as you do.
Issue Age
Issue Age
- Minimum: Age 18 or age of majority (19 in AL, DE, and NE)
- Maximum: Age 90
Initial Purchase Payment
- Minimum: $10,000 (qualified and nonqualified)
- Maximum: $2.5 million (without MassMutual® approval in all states)
Subsequent Purchase Payments
- 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
Guarantee Periods
- 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.
Market Value Adjustment (MVA)
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The free withdrawal amount can be withdrawn without a surrender charge or MVA, and is calculated as follows:
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The free withdrawal amount can be withdrawn without a surrender charge or MVA, and is calculated as follows: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.
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.
Please note MassMutual may offer higher rates for premiums higher than the current Maximum Premium. Contact Massachusetts Mutual Life Insurance Company for more details.
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 2 years | 4.25% |
| 3 years | 4.9% |
| 4 years | 4.8% |
| 5 years | 5.2% |
| 6 years | 4.45% |
| 7 years | 4.45% |