Product Snapshot MassMutual Evolution SM variable annuity MassMutual Evolution is a variable annuity designed to help you accumulate assets and easily transition into the income phase of retirement with the ability to create guaranteed income for life. It combines brand name money management with unique protection benefits. These benefits can provide you with guaranteed accumulation during your life or beneficiary protection upon your death, all backed by the financial strength of Massachusetts Mutual Life Insurance Company (MassMutual). Guarantees are based on the claims-paying ability of the issuing company and do not apply to the investment performance or the safety of amounts held in the variable investments. A Product Guide for Individuals Issue Age (Owner/Annuitant) • Minimum: None • Maximum: 90 In New York: 85 (Maximum age may be limited by Broker Dealer.) Age = 6 months prior to and after the stated age. Ex: 89 yrs., 6 mo., 1 day ^ Age 90 _ 90 yrs., 6 mo. Annuity Payments Flexible payment choices are available ranging from income for life to payments for a specific period. They may begin 13 months after issue. Investment Minimum • Initial Investment: $15,000 (qualified), $50,000 (non-qualified) • Subsequent Purchase Payments: $250. If less than $250, subject to our approval. Standard Contingent Deferred Sales Charges (CDSC) (Non-Rolling) Assessed on the amount withdrawn that exceeds the free withdrawal amount and the amount you apply to an annuity option. Exceptions apply; please refer to the product prospectus. 10% Free Withdrawal Provision • Year 1 – up to 10% of purchase payments reduced by any free withdrawal amount previously taken during the contract year. • Year 2+ – up to 10% of the contract value as of the end of the previous contract year, plus 10% of purchase payments received in the current contract year (reduced by any free withdrawals previously taken). Liquidated earnings are subject to ordinary income tax and may be subject to a contingent deferred sales charge. If taken prior to age 59 1 ⁄ 2, a 10% federal income tax penalty may apply. Years 1 2 3 4 5 CDSC 7% 6% 6% 4% 0% NOT FDIC/NCUA INSURED NO BANK/CREDIT UNION GUARANTEE MAY LOSE VALUE NOT INSURED BY ANY GOVERNMENT AGENCY NOT A BANK/CREDIT UNION DEPOSIT OR OTHER OBLIGATION
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MassMutual Evolution is a variable annuity designed to help you accumulate assets and easily transition into the income phase of retirement with the ability to create guaranteed income for life. It combines brand name money management with unique protection benefits. These benefits can provide you with guaranteed accumulation during your life or beneficiary protection upon your death, all backed by the financial strength of Massachusetts Mutual Life Insurance Company (MassMutual).Guarantees are based on the claims-paying ability of the issuing company and do not apply to the investment performance or the safety of amounts held in the variable investments.
A Product Guide for Individuals
Issue Age (Owner/Annuitant)• Minimum: None• Maximum: 90 InNewYork:85
(MaximumagemaybelimitedbyBrokerDealer.)
Age = 6 months prior to and after the stated age. Ex: 89 yrs., 6 mo., 1 day ^ Age 90 _ 90 yrs., 6 mo.
1 Deducted each business day from the assets of the separate account. Charge is equal to the percentage shown on an annual basis of the daily value of the assets invested in each fund, after fund expenses are deducted.
MassMutual Evolution Fees and Charges
Fees and Charges Current MaximumAnnual Contract Maintenance FeeDeducted at the end of each contract year
$40 per year $60 per year
Total Separate Account Charges1 1.75%0.20% persistency credit at the end of the 10th contract year and each contract year thereafter.
Exchanges end of the first contract year.
2.00%
Optional Feature Charges Current MaximumAnnual Ratchet Death Benefit 1 0.40% 0.90%
The information provided is not written or intended as specific tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. MassMutual, its employees and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.
Before purchasing MassMutual Evolution, you should carefully consider the investment objectives, risks, charges and expenses of the variable annuity. For this and other information, obtain the MassMutual Evolution prospectus from your registered representative. Please read the prospectus carefully before investing or sending money. You may also obtain the prospectuses (or summary prospectuses, if available) for the annuity’s underlying investment choices from your registered representative.
The product, certain features and/or investments may not be available in all states or with all firms contracted with MassMutual.
MassMutual Evolution [Contract Form #TMLS, TMLS (NC)] is a variable annuity contract issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.
Variable annuities are offered through registered representatives of MML Investors Services, LLC, Springfield, MA 01111-0001 or a broker-dealer that has a selling agreement with MML Strategic Distributors, LLC, Springfield, MA 01111-0001.
Principal Underwriters: MML Investors Services, LLC and MML Strategic Distributors, LLC, subsidiaries of Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.