Mass Mutual offers income annuities, fixed-deferred annuities and variable annuities, according to the company’s website. Income annuities provide investors with guaranteed income for life or periods of time at the investor’s choosing. Variable annuities offer market exposure with varying degrees of risk and growth potential.
Fixed-deferred annuities provide investors with tax-deferred savings and guaranteed fixed-interest rates, states the company’s website. Fixed-deferred annuities also provide investors with protection from market volatility. MassMutual helps guide investors on which annuities to choose and how to plan for their financial futures by investing in annuities. Withdrawals made on annuities before the age of 59 ½ are subject to a 10 percent federal income tax penalty.