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  • Written By
    Jennifer Schell

    Jennifer Schell

    Financial Writer

    Jennifer Schell is a professional writer focused on demystifying annuities and other financial topics including banking, financial advising and insurance. She is proud to be a member of the National Association for Fixed Annuities (NAFA) as well as the National Association of Insurance and Financial Advisors (NAIFA).

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  • Edited By
    Savannah Hanson
    Savannah Hanson, financial editor for

    Savannah Hanson

    Senior Financial Editor

    Savannah Hanson is an accomplished writer, editor and content marketer. She joined as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.

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  • Financially Reviewed By
    Thomas J. Brock, CFA®, CPA
    headshot of Thomas J. Brock, CFA, CPA

    Thomas J. Brock, CFA®, CPA

    Expert Contributor

    Thomas Brock, CFA®, CPA, is a financial professional with over 20 years of experience in investments, corporate finance and accounting. He currently oversees the investment operation for a $4 billion super-regional insurance carrier.

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  • Updated: April 28, 2023
  • 5 min read time
  • This page features 8 Cited Research Articles
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Cite Us
How to Cite's Article

APA Schell, J. (2023, April 28). MassMutual. Retrieved June 10, 2023, from

MLA Schell, Jennifer. "MassMutual.", 28 Apr 2023,

Chicago Schell, Jennifer. "MassMutual." Last modified April 28, 2023.

Why Trust
Why You Can Trust has provided reliable, accurate financial information to consumers since 2013. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Our objective is to deliver the most comprehensive explanation of annuities and financial literacy topics using plain, straightforward language.

Our Partnerships, Vision and Goals

We pride ourselves on partnering with professionals like those from Senior Market Sales (SMS) — a market leader with over 30 years of experience in the insurance industry — who offer personalized retirement solutions for consumers across the country. Our relationships with partners including SMS and Insuractive, the company’s consumer-facing branch, allow us to facilitate the sale of annuities and other retirement-oriented financial products to consumers who are looking to purchase safe and reliable solutions to fill gaps in their retirement income. We are compensated when we produce legitimate inquiries, and that compensation helps make an even stronger resource for our audience. We may also, at times, sell lead data to partners in our network in order to best connect consumers to the information they request. Readers are in no way obligated to use our partners’ services to access the free resources on carefully selects partners who share a common goal of educating consumers and helping them select the most appropriate product for their unique financial and lifestyle goals. Our network of advisors will never recommend products that are not right for the consumer, nor will Additionally, operates independently of its partners and has complete editorial control over the information we publish.

Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.

About MassMutual

The Massachusetts Mutual Life Insurance Company, best known as MassMutual, was founded in 1851. As a mutual company, they do not have shareholders. The company’s members and participating policyowners are entitled to vote for the Board of Directors and share in any dividends MassMutual declares.

According to MassMutual’s website, the company focuses on the long-term interests of their participating policyowners to help them achieve financial and retirement security. MassMutual’s main business line is selling various life insurance products, including term and whole life insurance, though they also provide retirement products including annuities and IRAs.

On May 28, 2021, MassMutual acquired the annuities business of Great American Life Insurance Company. MassMutual’s chairman, president and CEO Roger Crandall stated in a press release, “This acquisition immediately broadens our product offerings, further diversifies our distribution capabilities and generates additional earnings — enabling us to help even more people secure their future and protect the ones they love.”

Existing Great American Life or MassMutual annuity customers can access their account information by calling MassMutual’s customer service line:

With an AM Best financial strength rating of “A++, Superior,” MassMutual is regarded as having a best-in-class ability to meet its insurance obligations, which include life insurance payouts and annuity income streams.

Thomas J. Brock, CFA®, CPAExpert Contributor

Credit Ratings

An annuity provider’s financial strength ratings, also called credit ratings, give potential customers a snapshot of the company’s overall financial stability. When you purchase an annuity, it’s best practice to ensure that the company will be able to deliver on its end of the deal. If a company has strong scores from reputable credit rating agencies, you can feel confident that your annuity will be paid out as promised.

As of April 2022, MassMutual holds high ratings from the four largest credit rating agencies in the country, and each of these agencies reported the company’s outlook as stable.

MassMutual Credit Ratings

Credit Agency Rating Outlook
AM Best A++
Fitch AA+
Very Strong
Moody’s Aa3
High Quality
S&P Global Ratings AA+
Very Strong
Source: MassMutual

Annuity Products Offered by MassMutual

MassMutual offers four types of annuities to supplement customers’ retirement income with a guaranteed income stream for life. The product options include deferred fixed, fixed indexed, variable and income annuities.

Deferred Fixed Annuities

Deferred fixed annuities allow you to grow your retirement savings on a tax-deferred basis without the risks associated with investing your money in an equity market. These annuities pay a fixed rate of interest that continues to accumulate over the contract period.

MassMutual’s deferred fixed annuities feature a free withdrawal amount available to annuity holders each year of the contract period. This means that you can withdraw a certain amount of your contract value annually without having to pay a traditional surrender charge. These annuities also offer a death benefit. If you pass away before you start receiving annuity payments, the payments will pass to your beneficiaries.

Fixed Indexed Annuities

With a fixed indexed annuity, the growth of the annuity’s value is directly tied to the growth of an index like the S&P 500. The principal investment is still protected, so even if the index shows a loss, the annuity won’t lose value. Fixed indexed annuities pay out periodic income for the lifetime of the annuitant.

According to MassMutual, this type of annuity product is best for someone with long-term financial goals. The moderate asset growth and principal protection offered by fixed indexed annuities make them an ideal, low-risk way to generate guaranteed income.

Variable Annuities

A variable annuity offers the potential for tax-deferred growth on your retirement savings. When you purchase this type of annuity, the lump sum you pay is professionally managed and invested into a broad range of asset classes, including mutual funds, stocks and bonds.

Because a variable annuity is held in an investment portfolio, the value of the annuity can increase or decrease over time. But, since it is still an insurance product, a variable annuity from MassMutual can offer key benefits like guaranteed lifetime income, a death benefit and optional living benefits.

MassMutual EnvisionSM is a flexible premium deferred variable annuity allowing annuity holders to accumulate retirement assets in a variety of investments, including specialty funds designed to provide owners with a sense of control and confidence in their retirement planning.

Income Annuities

Income annuities differ from other types of annuities because the money used to purchase an income annuity is converted to payments immediately, instead of accumulating interest over time. MassMutual offers two types of income annuities: a single premium income annuity (SPIA) and a deferred income annuity.

MassMutual’s RetireEase SPIA provides guaranteed income within 12 months of the purchase payment. These payments can be guaranteed for life, for a chosen amount of time or a combination of both, depending on the terms of the contract.

With a deferred income annuity, you can make a single payment or pay over time to build a guaranteed stream of income starting at a specified future date. If the annuitant passes away before the income payments begin, a deferred income annuity will usually offer a death benefit to the annuitant’s beneficiary.

Interested in Buying an Annuity?

Learn about the different types of annuities and find out which one is right for you.

Client Resources

MassMutual customers can access their account details and relevant annuity forms online.

MassMutual allows customers to complete annuity processes on their website. Actions include:

  • Starting a claim
  • Submitting Required Minimum Distribution (RMD) forms
  • Designating payees
  • Updating tax withholding elections
  • Changing the annuity date on a contract
  • Requesting a partial withdrawal on an annuity contract

If you have an annuity with MassMutual, you can log into your account at:

MassMutual’s Account Login Page

About has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.

Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.

Our partners work with each of the provider companies mentioned on our site. However, is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.


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Last Modified: April 28, 2023

8 Cited Research Articles writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.

  1. MassMutual. (2022, February 1). Financial Performance and Insurance Ratings. Retrieved from
  2. MassMutual. (2021, May 28). MassMutual Completes Acquisition of Great American Life Insurance Company. Retrieved from
  3. MassMutual. (n.d.) About Us. Retrieved from
  4. MassMutual. (n.d.) Deferred Fixed Annuities. Retrieved from
  5. MassMutual. (n.d.) Fixed Index Annuities. Retrieved from
  6. Mass Mutual. (n.d.) Forms. Retrieved from
  7. MassMutual. (n.d.) Income Annuities. Retrieved from
  8. MassMutual. (n.d.) Variable Annuities. Retrieved from