MassMutual
A policyholder-owned mutual with one of the strongest balance sheets in U.S. life insurance - and a deliberately narrow annuity shelf. The draw here is the carrier behind the guarantee, not the length of the product menu: two declared-rate MYGAs from a top-tier mutual.
Financial strength
A++
AM Best
AA+
S&P Global
Aa3
Moody's
AA+
Fitch
AM Best A++ rated
MassMutual carries A++ (Superior) from AM Best - the highest grade - affirmed Oct 23, 2025 with a stable outlook, alongside AA+ from S&P and Fitch and Aa3 from Moody's.
Policyholder-owned mutual
MassMutual is a mutual life insurer owned by its policyholders rather than public shareholders, supporting a long-term, conservative orientation.
Founded 1851
Established in 1851 and headquartered in Springfield, Massachusetts - one of the most established mutual insurers in the United States.
$584B AUM
MassMutual reported $584 billion in assets under management in its 2025 annual report, alongside more than $34 billion in total adjusted capital.
Fixed-rate MYGA shelf
The ARHQ-visible annuity lineup is its declared-rate MYGA series - Premier Voyage and Stable Voyage - for guaranteed, tax-deferred growth.
Run live numbers on MassMutual products
Choose a product type, then select a current product. The analyzer shows the values returned for your premium, age, state, and timing, and leaves out fields that are not published for that selection.
MYGAs / Fixed Annuities
Selected product: Premier Voyage
A fixed annuity group for buyers who want a declared guaranteed rate, principal protection, and tax-deferred growth.
Other current products
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Explore MassMutual products
MassMutual’s lineup, grouped by what each product group is built to do. Current rates are pulled from the daily carrier rate service.
Multi-Year Guaranteed Annuity
Fixed-rate contracts grouped separately from indexed annuities so guaranteed terms are compared on their own terms.
- Fixed-rate contracts grouped separately from indexed annuities
- Guaranteed term rates and surrender context live on each product page
Best for: Savers who want a declared fixed rate for a set period and a direct path to each product review.
Premier Voyage
A multi-year guaranteed annuity from MassMutual with declared rates published on this page across 2-, 3-, 4-, 5-, 6-, and 7-year terms, a matching 7-year surrender ladder, an annual free-withdrawal allowance, and nursing-home, terminal-illness, and RMD waivers — filed in 50 jurisdictions (excludes New York).
7-year guaranteed rate
5.2%
Stable Voyage
A multi-year guaranteed annuity from MassMutual with declared rates published on this page across 3-, 4-, and 5-year terms, a matching 5-year surrender ladder, an annual free-withdrawal allowance, and activities-of-daily-living, RMD, and terminal-illness waivers — filed broadly across U.S. jurisdictions.
5-year guaranteed rate
4.95%
Rates are pulled live from CANNEX via the AdvisorWorld data feed · 2026-07-11. Caps, payout rates, and guaranteed rates vary by state, premium band, and rider election — confirm current terms on each product page.
Free Comparison Report
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Compare MassMutual's live rates, carrier ratings, and product tradeoffs against alternatives in one personalized report.
Find your fit
Start with the job for the money, then open the live MassMutual product page that matches that goal.
Company overview
What MassMutual is
Massachusetts Mutual Life Insurance Company (MassMutual), founded in 1851 and based in Springfield, Massachusetts, is a policyholder-owned mutual serving customers with life insurance, disability and long-term-care coverage, annuities, and retirement and investment services.
Checked 2026-06-25 · MassMutual 2025 Annual Report; history and mutuality overview
In its 2025 annual report, MassMutual reported $584 billion in assets under management, nearly $1.1 trillion of life insurance protection in force, and more than $34 billion in total adjusted capital - scale that underpins its top-tier financial-strength ratings.
As of Dec 31, 2025 · MassMutual 2025 Annual Report
On ARHQ, MassMutual product cards are intentionally live-data driven: the profile supplies story and context, while product availability, declared rates, surrender terms, and waivers come from CANNEX-backed feeds at render.
At render · ARHQ carrier-page architecture; CANNEX via AdvisorWorld
Scale, labeled
Founded
1851
Established 1851; headquartered in Springfield, Massachusetts.
Founded 1851 · MassMutual history and mutuality overview
AUM
$584B
Assets under management reported in MassMutual's 2025 annual report.
As of Dec 31, 2025 · MassMutual 2025 Annual Report
Structure
Mutual
Policyholder-owned mutual insurer.
Checked 2026-06-25 · MassMutual history and mutuality overview
Ratings
A++ / AA+
A++ from AM Best, AA+ from S&P Global and Fitch, and Aa3 from Moody's.
Checked 2026-06-25 · MassMutual financial summary; AM Best affirmation Oct 23, 2025
History highlights
MassMutual was established in 1851, making it one of the most established mutual life insurers in the country.
Founded 1851 · MassMutual history and mutuality overview
The company has grown into a diversified mutual with $584 billion in assets under management and more than $34 billion in total adjusted capital reported for 2025.
As of Dec 31, 2025 · MassMutual 2025 Annual Report
MassMutual has held AM Best's top A++ financial-strength grade over a long, consistent run, most recently affirmed Oct 23, 2025 with a stable outlook.
Affirmed Oct 23, 2025 · AM Best affirmation Oct 23, 2025
A policyholder-owned mutual since 1851
MassMutual is a mutual life insurance company, meaning it is owned by its policyholders rather than by public shareholders.
Checked 2026-06-25 · MassMutual history and mutuality overview
That structure supports a long-term, conservative financial-management orientation - the company answers to policyholders rather than to quarterly shareholder pressure.
Checked 2026-06-25 · MassMutual history and mutuality overview
MassMutual is headquartered in Springfield, Massachusetts and operates a diversified business across life insurance, annuities, disability and long-term-care coverage, and retirement and investment services.
Checked 2026-06-25 · MassMutual 2025 Annual Report
Financial strength
AM Best
CurrentA++
Superior financial-strength rating - AM Best's highest grade; affirmed Oct 23, 2025 with a stable outlook.
Affirmed Oct 23, 2025
S&P Global
AA+
Very strong capacity to meet financial commitments; just below the top grade.
Checked 2026-06-25
Fitch
AA+
Very strong capacity to meet policyholder obligations; just below the top grade.
Checked 2026-06-25
What makes MassMutual different
AM Best A++ - the top grade
MassMutual holds A++ (Superior) from AM Best, the highest grade available, affirmed Oct 23, 2025 with a stable outlook - reinforced by AA+ from S&P and Fitch and Aa3 from Moody's. For a MYGA buyer, carrier strength is the whole point, and very few carriers sit this high.
Affirmed Oct 23, 2025 · AM Best affirmation Oct 23, 2025; MassMutual financial summary
Mutual, policyholder-first
As a policyholder-owned mutual since 1851, MassMutual is structured around long-term obligations and conservative investing rather than shareholder returns - the orientation buyers want behind a multi-year guarantee.
Checked 2026-06-25 · MassMutual history and mutuality overview
Scale behind the guarantee
With $584 billion in assets under management as of year-end 2025 and a diversified book across life, annuities, and retirement services, MassMutual brings substantial balance-sheet scale to its annuity guarantees.
As of Dec 31, 2025 · MassMutual 2025 Annual Report
Focused fixed-rate shelf
On ARHQ, MassMutual's annuity presence is its declared-rate MYGA series - Premier Voyage and Stable Voyage - offering guaranteed rates across multiple terms with surrender ladders and standard liquidity waivers, all resolved live on each product page.
At render · ARHQ product catalog; CANNEX via AdvisorWorld
About MassMutual
Massachusetts Mutual Life Insurance Company (MassMutual), founded in 1851 and headquartered in Springfield, Massachusetts, is one of the most established and highly rated mutual insurers in the United States - owned by its policyholders and reporting $584 billion in assets under management for 2025.
Checked 2026-06-25 · MassMutual 2025 Annual Report; history and mutuality overview
MassMutual carries AM Best's top A++ (Superior) financial-strength rating, affirmed Oct 23, 2025 with a stable outlook, alongside AA+ from S&P and Fitch and Aa3 from Moody's - among the strongest rating profiles in the industry.
Affirmed Oct 23, 2025 · AM Best affirmation Oct 23, 2025; MassMutual financial summary
On ARHQ, MassMutual's annuity presence is its declared-rate MYGA series. Product pages stay product-specific: the carrier hub frames the lineup and routes each live product to its own page for current rates, terms, surrender ladders, and liquidity waivers.
At render · ARHQ carrier-page architecture; CANNEX via AdvisorWorld
Free Comparison Report
Get MassMutual's current rate report
Compare MassMutual's live rates, carrier ratings, and product tradeoffs against alternatives in one personalized report.
Sources
- MassMutual corporate site — 2026-06-25
- MassMutual 2025 Annual Report — 2026-06-25
- MassMutual history and mutuality overview — 2026-06-25
- MassMutual financial strength ratings summary — 2026-06-25
- AM Best - affirmation of MassMutual A++ (Superior) FSR, stable outlook, Oct 23, 2025 — 2025-10-23
- MassMutual Strategic Distributors fixed annuities — 2026-06-25
- Live product catalog (Premier Voyage, Stable Voyage MYGAs), declared rates, terms, waivers: CANNEX via AdvisorWorld public API — At render