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Withdrawals exceeding the 10% annual free-withdrawal limit, or a full surrender during the guarantee period, are subject to surrender charges. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window.

None. Current annual maintenance fee is $0; maximum possible fee is $50, though not currently charged.

If the owner dies before annuitization, beneficiaries receive the full contract value as of the date MassMutual receives due proof of death and election of payment method, unaffected by surrender charges. Once annuitized, remaining benefits follow the elected settlement option.  

 Waives surrender charges if the owner is confined to a licensed nursing home or accredited hospital for at least 90 consecutive days (not available in California).

 Waives surrender charges for qualifying terminal illness events diagnosed after contract issue.

During each contract year, owners may withdraw up to 10% of the contract value without incurring a surrender charge. In the first contract year, the 10% is calculated at the time the first withdrawal request is processed; in contract years two and later, it is calculated as of the last business day of the prior contract year. Unused free withdrawal amounts cannot be accumulated from year to year. Qualifying RMD amounts for an IRA or qualified plan that exceed the free withdrawal amount are not subject to surrender charges.

 funds. The Stable Voyage annuity accepts Traditional IRA, Roth IRA, and qualified plan rollovers. 

Stable Voyage is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected guarantee period. The owner makes a one-time premium payment and selects a 3-, 4-, or 5-year term, during which interest grows tax-deferred. During each contract year, the policy allows annual penalty-free withdrawals up to 10% of the contract value, while withdrawals above this amount may be subject to surrender charges. At the end of each guarantee period, a 30-day window provides flexibility for renewal, surrender, or the start of annuity income without surrender charges.

At the end of the initial guarantee period, the Stable Voyage annuity enters a 30-day renewal window during which the owner may renew into a new guarantee period (if available), renew into a one-year guarantee period, take a partial or full withdrawal without surrender charges, or fully or partially annuitize the contract value without surrender charges. If a one-year renewal is selected, no surrender charge period applies, and the contract includes a flexible option allowing renewal into a longer-term guarantee period at any time while in the one-year period (subject to availability and contract rules).

The surrender value equals the account value minus applicable surrender charges (no MVA applies to Stable Voyage), but not less than the minimum nonforfeiture benefit established by state regulations. 

 is a single-premium deferred fixed annuity issued by Massachusetts Mutual Life Insurance Company (MassMutual®) that provides guaranteed, tax-deferred interest growth and principal protection across 3-, 4-, and 5-year guarantee periods. It is designed for conservative savers who want predictable accumulation without exposure to stock market risk, along with the ability to convert values into guaranteed income through multiple annuity payout options. Stable Voyage also includes annual liquidity through a free-withdrawal feature and a renewal window at the end of each guarantee period to help owners adjust their strategy over time.

Withdrawals exceeding the annual free-withdrawal limit, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline by year based on the selected term. Surrender charges and MVA do not apply during the one-year guarantee period or during the window period. California uses a separate surrender-charge schedule.

Withdrawals above the annual free-withdrawal amount, or a full surrender during a multi-year guarantee period, are subject to surrender charges and may also be subject to a Market Value Adjustment (MVA). Surrender charges decline over time based on the selected guarantee period and differ between the initial guarantee period and any renewal guarantee periods. California uses a separate initial-period surrender schedule. No surrender charges or MVA apply to withdrawals taken in the 1-year guarantee period, during the window period at the end of a multi-year guarantee period, death benefits, qualifying nursing home / terminal illness withdrawals, or RMDs processed under MassMutual’s RMD program.

None. No annual maintenance or policy fees.

Nursing Home and Hospital Waiver (not available in California):

Allows withdrawal of all or part of the contract value without surrender charges or MVA if the owner is confined to a licensed nursing home or accredited hospital for at least 90 consecutive days and other contract conditions are met.

Allows withdrawal of all or part of the contract value without surrender charges or MVA if the owner is diagnosed with a qualifying terminal illness after issue and meets all contract eligibility requirements.

 After the first 30 calendar days in the first contract year, the owner may take up to 10% of the initial purchase payment each contract year without surrender charge or MVA. In each subsequent contract year of the initial period, up to 10% of the contract value as of the most recent contract anniversary may be withdrawn free of surrender charge and MVA.

During each multi-year renewal guarantee period: 

In the first year of a renewal period, up to 10% of the contract value on the renewal date is available as a free withdrawal.In each later year within that renewal period, up to 10% of the contract value as of the most recent renewal-date anniversary is available.

Unused free-withdrawal amounts do not carry over to future years.

Minimum partial-withdrawal amount: $250, with at least $5,000 required to remain in the contract after any partial withdrawal. 

Issued by Massachusetts Mutual Life Insurance Company, the Premier VoyageSM is a deferred fixed annuity offering multiple guarantee periods. The contract can be funded with qualified or non-qualified funds and is available in all states except New York. Premiums of $2.5 million or more require home office approval. Beneficiaries receive the full contract value as the death benefit, and policyholders may choose from various annuitization options to secure lifetime or period-certain income.

At the end of each multi-year guarantee period, Premier Voyage enters a window period (the last 30 calendar days of the guarantee period plus the renewal date) during which the owner may renew into any available multi-year guarantee period (a new surrender charge schedule applies and the MVA restarts), make a subsequent purchase payment if renewing into a multi-year guarantee period (minimum $10,000), take a partial or full withdrawal without surrender charge or MVA, or fully annuitize without surrender charge or MVA. If no action is taken by the end of the window period, the contract automatically defaults into a one-year guarantee period without surrender charge or MVA.

The surrender value equals the contract value minus any applicable surrender charges and any applicable MVA, but not less than the minimum nonforfeiture amount required by applicable state law

 is a single-premium fixed deferred annuity that offers multi-year guaranteed interest rate periods of 2, 3, 4, 5, 6, or 7 years. It is designed for conservative savers who want principal protection, tax-deferred accumulation, and the option to convert their contract value into guaranteed lifetime income. The annuity credits a fixed interest rate for the entire guarantee period, shields the contract value from market volatility, and includes built-in access features, death benefit protection, and nursing home / terminal illness waivers for unexpected events.

Withdrawals exceeding the 10% annual free-withdrawal limit, or full surrenders during the guarantee period, are subject to surrender charges and may also incur a Market Value Adjustment (MVA). Charges decline annually and reach 0% at the end of the applicable term. A separate California schedule may apply.

None. There are no upfront sales charges or ongoing policy fees.

If the owner dies before annuitization, beneficiaries receive the full account value with no reduction for surrender charges or MVA.

After the first contract year, owners confined to a qualified nursing home or long-term care facility for at least 90 consecutive days may access up to 100% of account value without charges or MVA. Not available in Massachusetts; modified conditions apply in California.

 After the first contract year, owners diagnosed with a terminal illness (life expectancy of 12 months or less) may withdraw up to 100% of account value without charges or MVA. Not available in Massachusetts.

• During first contract year: Up to 10% of total purchase payments without MVA or surrender charge.

• After first contract year: Up to 10% of prior-anniversary account value may be withdrawn penalty-free.

• Unused free-withdrawal amounts do not carry forward to future years.

• Inherited IRA / Inherited Non-Qualified

The American Freedom Classic™ Series is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected 3-, 5-, or 7-year guarantee period. The owner makes a one-time premium payment and selects the desired term length. Interest accumulates tax-deferred and is guaranteed until the applicable contract anniversary for each term.  During the first contract year, the policy allows penalty-free withdrawals up to 10% of total purchase payments. After the first year, the owner may withdraw up to 10% of the account value based on the previous contract anniversary without incurring surrender charges or a Market Value Adjustment (MVA).  At the end of each guarantee period, the contract may offer the option to renew for an additional term of the same length, enter annuitization, or surrender as permitted.

At the end of each 3-, 5-, or 7-year term, the owner may:

• Renew into another identical term (if available),

• Surrender the contract without penalty,

• Select a different available guarantee period (if offered),

If no election is made, the policy automatically renews into another period of the same duration at the then-current renewal rate.

The surrender value equals the account value minus applicable surrender charges and MVA but will never be less thanthe Guaranteed Minimum Surrender Value (GMSV):

• 87.5% of purchase payments, minus prior withdrawals (excluding charges/MVA), plus interest at the GMSV rate(currently 2.80%).

 fixed annuity is a single-premium deferred annuity issued by MassMutual Ascend Life Insurance Company, offering fixed, tax-deferred interest growth and full principal protection through 3-, 5-, and 7-year guarantee periods. Each term provides a locked-in interest rate for the duration of its contract period, delivering steady, predictable accumulation insulated from market volatility. With penalty-free withdrawal access beginning in year one and guaranteed income options available at annuitization, the American Freedom Classic Series supports reliable, long-term financial planning for conservative savers seeking safety, stability, and guaranteed growth.

MassMutual – Stable Voyage

MassMutual – Premier Voyage

MassMutual Ascend – American Freedom Classic