MassMutual At a Glance: Rates, Products and Reviews

Today’s Best MassMutual Annuity Rates

Term	Product	AM Best Rating	Rate
5 Years	Advantage 5 Advisory	A++	5.15 %
5 Years	Advantage 5 Advisory	A++	5.05 %
5 Years	American Freedom Classic 5	A++	4.90 %

Compare MassMutual Annuity Rates

Additional Products Offered by MassMutual

MassMutual offers a good mix of annuity options. Some smaller companies offer just one or two basic choices, while some larger companies offer a huge menu of annuities to consider.

MassMutual toes the line between both strategies, advertising a medium-sized mix of sturdy products.

Fixed Annuities

MassMutual sells two different fixed annuities: MassMutual Stable Voyage℠ and MassMutual Premier Voyage℠. Both are deferred products designed to help more conservative investors accumulate wealth and potentially create a stream of lifetime income.

Stable Voyage℠, which has a maximum payment limit of $1.5 million, includes many of the common features associated with a fixed annuity. Your contract can be funded with money from your IRA or 401(k), and that money can then grow with a fixed and guaranteed level of interest

Annuitization options include single life, joint and survivor, or set period, along with a few other customizable choices.

Premier Voyage℠ is a similar product, but there are a few differences. This product offers a higher maximum payment of $2.5 million and longer surrender periods.

Other key differences are that Premier Voyage offers a market value adjustment and the ability to make subsequent purchase payments upon the renewal date of your multi-year guarantee period.

Both products include the standard nursing home and terminal illness waivers.

Income Annuities

MassMutual sells both an immediate and deferred version of its income annuity. 

The immediate version is known as MassMutual RetireEase℠. It is a single-premium annuity that offers a good amount of flexibility for what is often a fairly simple product. Customers have the choice of adding several features to fit the annuity to their liking, including inflation protection and beneficiary protection.

Also offered is the deferred MassMutual RetireEase Choice℠, which helps to create pension-like payments for customers. This annuity can be funded with existing assets, such as IRAs.

Variable Annuities

MassMutual began selling a new variable annuity in 2022, called the MassMutual Envision℠.

The product advertises access to a range of different investment strategies, from asset allocation funds to bond funds and specialty funds.

Also available is the option to add on a guaranteed lifetime withdrawal benefit.

About MassMutual

MassMutual is a major legacy company that has existed since 1851, making it one of the oldest options in the annuity industry.

It is a huge, stable and secure company that is in several different industries. In addition to annuities, MassMutual is involved in life insurance and investing.

In 2021, MassMutual acquired Great American Life Insurance Company, a leading annuity provider headquartered in Cincinnati, Ohio. Great American Life rebranded to MassMutual Ascend in 2022 and today operates as an independent subsidiary of MassMutual.

MassMutual sold over $7 billion in direct annuity premiums in 2022, which is notably higher than the majority of competitors.

The company also boasts fantastic financial strength ratings across the board from every rating agency.

Credit Ratings

Credit ratings for annuity providers can help determine a company’s financial strength and stability — an indication that it will be around to guarantee payments to you in the future. Different rating companies use different scales.

MassMutual’s Credit Ratings

Rating Company	Credit Rating
AM Best	A++
Fitch	AA+
S&P	AA+

What Customers Are Saying About MassMutual

In 2023, MassMutual was ranked the second-highest for customer satisfaction in the industry from the J.D. Power Overall Customer Satisfaction Index. In 2024, they are still above the industry average but they are now ranked eighth overall for annuity providers.

In addition to its impressive J.D. Power ranking, MassMutual holds an NAIC Complaint Index Score of 0.25, which is a strong number for a company of its size.

This means that there is only a quarter of the number of expected complaints against MassMutual given its market presence.

It’s not always easy for the larger annuity providers to display top-notch customer satisfaction, but MassMutual gets it done.

The National Association of Insurance Commissioners (NAIC) tracks the consumer complaints that each state’s insurance commission receives each year. These are used to compile a company’s Complaint Index.NAIC Complaint IndexDetermined by dividing the company’s share of complaints in the U.S. market by the company’s share of premiums in the U.S. market. The National Complaint Index is always 1.00, so a score of 2.00, for example, is twice as high as expected in the market.

NAIC Complaint Index for MassMutual

All Policy Types	0.03
Individual Annuities Only	0.25

MassMutual Pros & Cons

Some annuity providers stand out in one or two categories. They may have particularly favorable financial strength ratings or high customer satisfaction.

MassMutual shines because it is a standout in virtually every category. The company is strong and financially stable, it holds impressive customer satisfaction/complaint scores from both the NAIC and J.D. Power, and it offers high-quality products.

Another benefit to its solid offerings is how readily available their annuity information is. In-depth brochures are accessible online, providing all the information you need for each product.

This gives customers the chance to become familiar with all aspects of a product they are considering.

There are no major cons to opting for a MassMutual annuity, but remember, that doesn’t mean they are automatically the right choice for you.

Different companies offer different types of products, and comparing providers can help to ensure that you buy the annuity that best fits your situation.

Provider Rating Methodology

Annuity.org created a fact-based methodology to analyze the strength, security and reach of different annuity providers. We assessed companies based on their availability, the number of direct premiums sold, their AM Best Financial Strength Rating and their NAIC Complaint Index score.

Providers received a rating on a five-star scale for each of these categories, with the complaint index and financial strength ratings weighed as the heaviest variables. Then, using a weighted average, each company was assigned an overall star rating.

Top-Ranked Annuity Providers

Provider	Annuity.org Star Rating
Mass Mutual
New York Life
Pacific Life
Midland National
North American
Western & Southern

Our Rating Panel

The Annuity.org editorial team spoke with several different annuity experts to learn more about what is important to customers when searching for a provider and what factors make a company reliable. While Annuity.org designed the methodology, these experts provided feedback during the process and consulted on what factors we should leverage to best help prospective buyers compare providers.