Life Insurance Company
Ratings: AM Best A++ S&P AA+ Moody's Aa2
Company Description"MassMutual RetireEase is a single premium immediate annuity (also known as an income annuity). The contract provides a reliable and predictable stream of income for as long as you live, or for a period of time you elect."
California, Florida, Pennsylvania, Texas
Minimum Premium or Deposit
MassMutual RetireEase Single Premium Immediate Annuity
Max Premium (without home office approval)
18 to 90
Available Benefit Modes
Annually, Semi-Annually, Quarterly, Monthly
Life & Periods Certain Available
Periods Certain Only Available
Yes; 5, to 50 years
Joint & Survivor Available
Cash Refund Available
Yes, death benefit equals premium less sum of benefits received
Inflation Indexing Available
Cost of Living Adjustments Available
Yes; 1%, 2%, 3%, and 4%
Pricing: Male, 65, Life & 10 Years Certain, No COLA, $100,000 Premium
$655 monthly benefit
Cash withdrawals (surrenders) - Available on contracts with income payment options that include a period certain.
Period certain-only: One full or partial withdrawal allowed per year after the first contract year. A partial withdrawal reduces future period certain payment amounts.
Life with period certain: One partial withdrawal allowed per year after the first contract year. The withdrawal reduces future period certain payment amounts, but does not alter the life payments.
Minimum withdrawal - $5,000 (Partial withdrawals are limited so that each remaining guaranteed payment is at least $100.)
Maximum withdrawal - Present value of all remaining period certain payments, less any surrender charges.
Surrender charges – 8% in year 2, grading to 0% in year 10