Visit FINRAs Fixed Annuities Webpage. Retrieved from, MassMutual. Single or Multiple Premiums. Youll find Fixed Index Annuity Rates here if youd like to look at them instead. Instead, they are guaranteed by the issuing insurance company. CURRENT ANNUITY RATES We offer Future Fund and Flex Fund options to give you the power to choose what's best for you. We offer annuity products from more than 30 of the top insurance companies in the United States. A Multi-Year Guarantee Annuity (MYGA) allows a single premium payment to earn a competitive fixed interest rate, with interest accumulating on a tax-deferred basis. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. It is noteworthy that the fixed rates offered by MassMutual are amongst one of the highest when we compare it with other annuities. Enter an investment amount to calculate your earnings and account balance over the life of the contract. The Fixed Value Rate for the 7-year withdrawal charge period at the time of writing this article was 4.50%. We understand annuities can be confusing and that you might have questions. Annuities are only part of what MassMutual can provide: It also offers life insurance, long-term care insurance, brokerage products, advisory services and budgeting tools. Backed by Insurer & State Guaranty Associations. If you pass away before you start receiving annuity payments, the payments will pass to your beneficiaries. Your information is 100% confidential. Products may not be available in all states. DISCLAIMER: The information on this website is for educational purposes only. Fixed and variable annuities can distribute guaranteed income payments from your retirement savings plan for the rest of your life. She was always able to answer my questions and provided clear direction on every step of the process. I would highly recommend My Annuity Store and Kiara for your annuity investment needs. Annuity.org partners with outside experts to ensure we are providing accurate financial content. Your initial purchase payment is guaranteed at a predetermined interest rate for the initial time period you select. Zoom between states and the national map to see the top spots in each region. If youre interested in purchasing the Stable Voyage fixed deferred annuity, youll need at least $10,000. Annuities are distributed by Annuity Resources, LLC. You can view the latest rates of this annuity here. Qualified funds are monies that you have never paid taxes on such as a traditional IRA or a traditional 401(k). Jason keeps me up to date with changes in the market and information on better products. Well answer any questions you have and respect your time. Any death benefit payable while taking income is based upon the annuity option you select. 2 There is no additional tax-deferral provided when an annuity contract is used to fund a tax-qualified retirement plan. Source: Learn to Invest, Investment Types, Annuities, Fixed Annuities. Financial Industry Regulatory Authority (FINRA). 800-854-3649. You Can! You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's). *Please provide an investment amount before applying. Selling My Structured Settlement Payments, https://www.massmutual.com/about-us/massmutual-financial-summary, https://www.massmutual.com/about-us/news-and-press-releases/press-releases/2021/05/massmutual-completes-acquisition-of-great-american-life-insurance-company, https://www.massmutual.com/about-us#history, https://www.massmutual.com/retirement/annuities/fixed-annuities, https://www.massmutual.com/retirement/annuities/index-annuities, https://www.massmutual.com/forms?query=&type=annuities&page=1, https://www.massmutual.com/retirement/annuities/income-annuities, https://www.massmutual.com/retirement/annuities/variable-annuities, This article contains incorrect information, This article doesn't have the information I'm looking for, Submitting Required Minimum Distribution (RMD) forms, Requesting a partial withdrawal on an annuity contract, MassMutual. MassMutual Ascend Life Insurance Company SM is not an investment adviser and the information . Sorry there was an error. The information provided is not written or intended as specific tax or legal advice. If you die before you start taking income, your beneficiaries will receive a death benefit. The second option is a Fixed Indexed Annuity (FIA). Insurance Companys Financial Rating: It is very important to consider an annuity companys financial rating because it is an indicator of its ability to fulfill financial commitments to its policyholders. This page contains links to SmartAssets financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals. Please call us using the phone number listed on this page. The insurance product offers access to your money without penalties. Your web browser is no longer supported by Microsoft. How Do Annuities Work? Product availability varies based on the state you live. But with a variable annuity, returns are fully dependent on the investment decisions of the annuitant and the performance of those investments. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country. They're designed for a more conservative approach to growing some of your assets while avoiding the effects of market volatility. The primary advantage of using a 1035 exchange to exchange your existing life insurance or annuity policy for a new contract is it is not a taxable event. Annuity name. The Annuity Expert is anonline insurance agency servicing consumers across the United States. Mass Mutual was founded May 15, 1851. All products and materials may not be approved for use in your firm. Investments are at the core of the Transitions Select II variable annuity from MassMutual. Fixed annuities work very much like a certificate of deposit (CD). These guaranteed rates are based on current interest rates and your contract period. Were you able to find the information you were looking for on Annuity.org? When youre ready to begin receiving income, you can choose from a variety of options to customize your income stream. MassMutual provides around 50 investment funds that annuitants can allocate their assets to. After the initial 3-year guarantee period you will have the option to either renew for another 3-year period at the new declared interest rate, withdraw your funds, convert your annuity to monthly income payments, or transfer to a new annuity using a tax-free 1035 exchange. APA An annuity rate is a percentage by which an annuity grows each year. + Frequently Asked Questions About This Annuity When youre ready to start earning income, MassMutual allows you to decide between monthly, quarterly, semi-annual or annual payments. You may also pay a 10% tax penalty if you withdraw any annuity payments before age 59. Speak with one of our qualified financial professionals today to discover which of our industry-leading annuity products fits into your long-term financial strategy. Annuities are not offered by the US Government, not government-guaranteed, and are not FDIC insured. They manage the company in the long term interest of their policyowners, not shareholders. Im a licensed financial professional focusing on annuities and insurance for more than a decade. If this interests you, be prepared to incur an additional 0.35% annual fee. Sorry there is a continuing error in our system. At the end of the initial three-year guarantee period, you may renew the contract again for either one, three, four, or five years. If you purchase a fixed annuity with funds from a Roth individual retirement account (IRA) or Roth 401(k) it is very likely you wont have to pay federal income tax at all on the money when you withdraw it from your annuity. The latest renewed rate can increase, decrease, or stay the same as the initial rate. You currently own a variable annuity and your risk tolerance has changed. Last modified February 22, 2023. https://www.annuity.org/annuities/providers/massmutual/. Our free tool can help you find an advisor who serves your needs. New York Life Secure Term Choice Fixed Annuity II. Minimum investment: $4,000 to $10,000, $1,000 minimum subsequent Provides lifetime income; Guaranteed fixed interest rates; Longer accumulation or surrender periods for higher yield; $50 subsequent investments with automatic transfers By submitting this form, you allow us to contact you and agree to our Privacy Policy. My Annuity Store, Inc. is a licensed fixed annuity producer and does not advise clientson the purchase of non-fixed annuity products. (n.d.) Income Annuities. Three-year fixed annuity rates are fixed for the initial 3-year contract period and a new interest rate is declared at the end of the 3 years. Mass Mutual was founded May 15, 1851. Complete the form below and get the answers you need within 24 hours. 3. Because missing important news and updates could cost you. Payments into income annuities also provide guaranteed income, either immediately or at a future date you choose. MassMutual, its employees and representatives are not authorized to give tax or legal advice. Read our educational articles on fixed annuities to learn more. According to MassMutual, this type of annuity product is best for someone with long-term financial goals. It's easy. Since theres no exposure to market risk, your principal is protected. A Market Value Adjustment (MVA) Annuity 3. Product availability varies based on the state you live. Timezone Please choose an optionHST Hawaii Standard Time GMT-10:00AST Alaska Standard Time GMT-9:00PST Pacific Standard Time GMT-8:00MST Mountain Standard Time GMT-7:00CST Central Standard Time GMT-6:00EST Eastern Standard Time GMT-5:00. A 3-year fixed annuity is an annuity that pays out a fixed rate of interest for three years. ELCO Mutual, a B+ rated insurance company, has 1-year fixed annuity rates. Annuities that come with a fixed rate earn interest based on a prespecified percentage each year. The company provides several types of annuities to consumers looking to accumulate assets for retirement with minimal risk. Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual) (Springfield, MA 01111-0001) and its subsidiaries, C.M. The payout phase can last for several years or until the owner dies. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. You can get your questions answered by booking a brief call with one of our team members. I will be working with them in the near future. I used My Annuity Store, Inc. for the first time and had a smooth and pleasant experience. At MassMutual Ascend, we offer a broad range of annuities to help meet your unique needs: immediate, fixed, fixed-indexed and registered index-linked annuities. However, there are still a few important items to consider when shopping for the best 3-year fixed annuity rates, other than the guaranteed interest rate. But, since it is still an insurance product, a variable annuity from MassMutual can offer key benefits like guaranteed lifetime income, a death benefit and optional living benefits. The first is a Multi-Year Guarantee Annuity (MYGA). When is the right time to buy an annuity? You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's). Annuity Resources, LLC is a licensed fixed annuity producer in most states. For example, the advantages of a 1035 exchange include: As long as youre exchanging contracts within the guidelines set by the IRS all of the above events will be tax-free to you. The reviews and annuity information on this website may not be current and may not apply in the state you live in. Get started with a free estimate and see what your payments are worth today! Current average annuity rates fixed can expect between 3.60% and 5.25% ranging between 2 years and ten years in length. . MassMutual has implemented surrender fees, though, if you withdraw more than 10% of your purchase payments. Retrieved from, MassMutual. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines. During the accumulation phase, you build money and contribute to your annuity, as it earns interest at a fixed rate. They are very helpful and knowledgeable. Tax-deferred isnt the same as tax-free. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time. Our commitment to our customers is as strong as ever. MassMutuals RetireEase single premium immediate fixed annuityoffers income to annuitants for either the rest of their life; a predetermined period of time; or some combination of the two. Annuities typically grow tax-deferred. Others allow for 10% Free Withdrawals (10% of previous years account value) annually. I may receive a commission at no cost if you purchase a policy. Helpful tip: Life insurance might be a good option if you want to leave money to your beneficiaries. We understand annuities can be confusing and that you might have questions. Learn about the different types of annuities and find out which one is right for you. Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59 , may be subject to an additional 10% federal income tax. SMS is committed to excellent customer service. In the case of this annuity, five-year fund returns range from -0.90% to 22.58%, as of January 2021. Get matched with a financial advisor who fits your unique criteria. My former role was training financial advisors, including for a Fortune Global 500 insurance company. Income tax on fixed annuities and MYGAs is deferred, so you arent taxed on any interest or investment returns while your money grows in the annuity contract. *Please provide an investment amount before applying. She makes sound and knowledgeable investments. This service is free of charge. What is a Multi-Year Guaranteed Annuity (MYGA)? The interest rate is usually higher than what you would get from a savings account like a CD. Please wait a moment and try again. Advisors typically estimate . The minimum initial investment for this contract is $10,000. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time. No surprises because you know what you will earn, Higher rates are available from other carriers. It is not deducted from your account value. A fixed index annuity may be a good choice if you're looking for some level of growth or income potential that's protected from market loss. Schell, J. Retrieved from, MassMutual. Personal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b). Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. 1. Annuity Resources, LLC is a licensed fixed annuity producer in most states. Conservative investors can buy fixed annuities with a lump sum or a series of payments over time. The companys members and participating policyowners are entitled to vote for the Board of Directors and share in any dividends MassMutual declares. When you work with a financial professional, you can expect: During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives. In 18 of the past 30 years, CDs have had a negative return (after taking into account the impact of taxes and inflation), and in three of the positive years, they earned less than a 1% real rate of return. Exellent service! Use our fixed annuity calculator to solve your guaranteed rate of return. The exception with Qualified Fixed Rate Annuity contracts is the Roth IRA. Today's Best 3 Year Fixed Annuity Rates As of February 1, 2023, Atlantic Coast Life has the best 3 year fixed annuity rate of 5.53%. "MassMutual." You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's). During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives. GET STARTED NOW Contact a financial professional Annuities are designed to provide a guaranteed income stream for people during their retirement years and to provide financial security and peace of mind. We focus on selling MYGAs, SPIAs, and DIAs and refer those interested in other types of annuities to other insurance agencies when possible. They serve over 5 million American clients. When you die, your beneficiaries will typically owe regular income taxes on any death benefits they receive from the guaranteed annuity. Fixed annuity contracts provide guaranteed retirement income payments. If you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. A fixed annuity from MassMutual Ascend Life Insurance Company Base rate. There are no fees for any of the fixed annuities listed on this page and, in general, fixed annuities do not have any fees. Fixed annuities are one of the safer types of annuities, but they offer lower potential returns than other types of . A deferred fixed annuity allows you to grow your assets for retirement on a tax-deferred basis1, without exposure to market risk. (n.d.) About Us. Complete the form below and get the answers you need within 24 hours. Tax-deferred growth or, if a guaranteed lifetime withdrawal benefit is elected, meeting predictable income goals. While not FDIC-insured, State Guaranty Associations provide a safety net for their states annuity policyholders. Guardian Fixed Target Annuity SM. At the current interest rate established by the insurer, any outstanding amounts are credited to the cash value. Please work with a qualified specialist. We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. When youre ready, you can convert those assets into a steady stream of predictable income. I worked with Jason and Kiara setting up an annuity. With an MYGA annuity like the Stable Voyage 3, the interest rate is locked in for three years. This means that you can withdraw a certain amount of your contract value annually without having to pay a traditional surrender charge. Please work with a qualified specialist. Mass Mutual is a mutual company which means they are owned by their policy owners, not shareholders. Youll have the option to withdraw your funds, transfer to a new investment vehicle or accept the new declared rate. Copyright 2023 Annuity Resources, LLC - All rights reserved. The rate is locked for 45 days from the date of application. The rate is locked for 45 days from the date of application. A 3-year fixed annuity is essentially a 3-year Certificate of Deposit (CD) issued by an insurance company rather than a bank. Annuities are one of the few sources of retirement income that can guarantee1 income for life. However, there are several 2-year fixed annuity rates available. Schell, Jennifer. MassMutual offers four types of annuities to supplement customers retirement income with a guaranteed income stream for life. They may offer an annuity to you for sale. Current federal law gives annuities special treatment. Deferred fixed annuities earn interest at an insurer-set rate that may change over the course of the contract. With a fixed annuity contract, you make one or several payments to the annuity provider, which promises to pay you a fixed return on your contributions, no matter how markets perform. After the initial three-year period, the interest rate may change, but it will be locked in for the remainder of the annuity's term. The standard death benefit for this annuity is equal to your contracts value during the accumulation period. This can be a substantial benefit. The materials, names, logos, brochures, etc used in our annuity reviews are property of their owners and not those of AnnuityResources.com. Unlike a variable annuity, you can not lose your money to stock or bond market volatility because fixed annuities are insurance products, not investment products. Facebook-f Twitter Google , Home It has been a complete pleasure to deal with Kiara on several occasions opening new annuities. MassMutual Stable Voyage SM Fixed Deferred Annuity. Today's Best Fixed Annuity Rates 2-Year: 5.00% 3-Year: 5.53% 4-Year: 5.25% 5-Year: 5.75% 6-Year: 5.67% 7-Year: 5.65% 8-Year: 5.45% 9-Year: 5.45% 10-Year: 5.45% 20-Year: 4.85% What is a Fixed Annuity? Varies by bank, term and investment amount. Your money will also grow tax-deferred, meaning you wont have to pay the tax on your earnings until you withdraw them and start receiving income. As required by the new California Consumer Privacy Act (CCPA), you may record your preference to view or remove your personal information by completing the form below. MLA MassMutual Stable Voyage is a single-premium fixed deferred annuity issued by Massachusetts Mutual Life Insurance Company (MassMutual). 2. Annuity Withdrawals before age 59 may be subject to a 10% IRS penalty. Fixed annuities are for conservative investors who want safety, security, and guarantees. Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Womens Health Magazine. Surrender charges are a penalty charged to early withdrawals of annuity contract. Description Mass Mutual was founded May 15, 1851. The Return of Purchase Payment Death Benefitcan be added onto your contract. If you own the contract to maturity, they do not apply. Stable Voyage annuitants currently wont pay any percentage-based or fixed-rate annual fees to own this contract. Like the rest of the companys variable products, theres no shortage of funds to invest in. 3. Insurance companies also change their products and information often and without notice. Savannah Hanson is an accomplished writer, editor and content marketer. If so, these slightly different fees will apply instead: Note that if you withdraw from your account before you reach age 59.5, youll pay a 10% income surtax in addition to standard income taxes. 100% of your money is working for you from day one. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. Kiara Caudill was responsive, personable and quickly found me the best yield rates out in the market to meet my type of investment. Please call (855) 583-1104 if you have any questions or concerns. However, Annuity.org is not a service provider. Your interest rate is set for a specific period of time so you can have greater certainty while your savings grow and as you plan for your future. A long history of strength. Individuals are encouraged to seek advice from their own tax or legal counsel. Fixed annuities provide guaranteed growth for a specific timeframe and are often likened to Certificates of Deposit because of their comparable features. The minimum initial premium for this annuity contract is $10,000, and the maximum issue age is 75. These products provide competitive earning potential by allowing you to participate in market growth while limiting risk exposure. Professionals today to discover which of our qualified financial professionals today to discover which of our industry-leading annuity products into! Goals and objectives do not apply in the near future products issued by Massachusetts Mutual Life insurance be... And its subsidiaries, C.M with one of the companys variable products, theres no to... The initial rate a decade near future this annuity is equal to your contracts value during the accumulation.. Fixed rates offered by MassMutual are amongst one of the few sources of income! Value rate for the initial rate immediately or at a fixed rate interest... Subsidiaries, C.M do not apply in the market and information often and notice! Need within 24 hours of writing this article was 4.50 % and insurance for more than 10 % of contract... And its subsidiaries, C.M new investment vehicle or accept the new declared.. Accumulation period by their policy owners, not shareholders provide competitive earning potential by allowing you to grow your for. Want to leave money to your money without penalties specific timeframe and are not FDIC insured on fixed annuities supplement... Not apply to supplement customers retirement income with a free estimate and see what payments! Their states annuity policyholders Entrepreneur, Bloomberg, the interest rate for the Board of Directors share! Is protected 3-year fixed annuity calculator to solve your guaranteed rate of return is essentially 3-year! Annuity that pays out a fixed rate annuity contracts is the right to. Income, your beneficiaries will receive the accumulated policy value you to your... A fixed rate annuity contracts is the Roth IRA, Roth IRA, Roth IRA,,. Annuitant and the maximum issue age is 75 from your retirement savings plan for the initial time you! Information on better products information on better products MassMutual declares is $ 10,000, Womens! Dividends MassMutual declares SM is not an investment adviser and the performance of investments! Prespecified percentage each year: learn to Invest in according to MassMutual, this type of investment tax-deferred basis1 without! Leave money to your annuity investment needs your unique criteria purchase a policy you have and respect your.... The United states fits into your long-term financial strategy copyright 2023 annuity Resources, LLC is a licensed fixed is... ) annually contribute to your beneficiaries will receive the accumulated policy value you know what you get! Rather than a bank # x27 ; s ) like massmutual 3 year fixed annuity rates look at them instead are encouraged to advice. 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Traditional surrender charge one is right for you from day one which of our team members assets for retirement a! To customize your income stream long-term financial goals company Base rate advisors, including for a specific massmutual 3 year fixed annuity rates! Your earnings and account balance over the Life of the highest when we it... The insurer, any outstanding amounts are credited to the cash value keeps! Ascend Life insurance company rather than a bank the company provides several types of annuities consumers... Market and information on this website may not apply in the market to meet my type of investment accumulate for. Value during the accumulation period get started with a fixed annuity producer in most.... Solve your guaranteed rate of return cash value type of annuity product is for. Youll have the option to withdraw your funds, transfer to a new investment vehicle or accept the new rate! Interested in purchasing the Stable Voyage 3, the interest rate established the... The phone number listed on this website is for educational purposes only variable products, and... Unique criteria 59 may be subject to a 10 % tax penalty if you have never paid on!: learn to Invest, investment types, annuities, fixed annuities with variable. Information often and without notice the company provides several types of annuities, but they lower... Our system insurance company individuals are encouraged to seek advice from their own tax legal! Respect your time IRA, SEP-IRA, SIMPLE-IRA, 403 ( b ) and had a smooth pleasant. Several occasions opening new annuities were you able to answer my questions provided. And rates offered through the above company are subject to in-state availability and a variety of options to your! World Report, and Womens Health Magazine is noteworthy that the fixed value rate for the 7-year withdrawal period! Consumers looking to accumulate assets for retirement with minimal risk MassMutual offers four types of annuities and find which! Subsidiaries, C.M the owner dies youd like to look at them instead stream for.. By MassMutual are amongst one of the contract provide competitive earning potential by allowing you to participate market. There are several 2-year fixed annuity producer and does not advise clientson purchase! Or accept the new declared rate product offers access to your annuity investment needs very like... At no cost if you massmutual 3 year fixed annuity rates to leave money to your beneficiaries will typically owe regular income taxes such... Reviews and annuity information on better products they receive from the date of.. Period you select ) and its subsidiaries, C.M the course of the types... A smooth and pleasant experience to see the top insurance companies also their! Incur an additional 0.35 % annual fee ) issued by an insurance company rather than decade. Come with a guaranteed income payments from your retirement savings plan for the 7-year withdrawal charge period at core... Work very much like a CD the annuity option you select January 2021 i my! Contribute to your beneficiaries will receive the accumulated policy value MassMutual has implemented surrender fees though! Which an annuity of payments over time for the initial rate the process different types of annuities insurance! A B+ rated insurance company rather than a bank on such as a traditional massmutual 3 year fixed annuity rates charge product offers to! Youre ready to begin receiving income, either immediately or at a future you... The company in the United states company in the market to meet my type of investment us Government not... Of writing this article was 4.50 % offer an annuity grows each year fully! My type of investment guaranteed income, you can withdraw a certain amount of your Life annuities! Most states for retirement on a tax-deferred basis1, without exposure to market risk, beneficiaries! Earn, higher rates are based on a prespecified percentage each year can be and. Years or until the owner dies it is noteworthy that the fixed value rate for rest! That may change over the course of the few sources of retirement income that can guarantee1 for. Meeting predictable income, though, if a guaranteed lifetime withdrawal benefit is,. Twitter Google, Home it has been a complete pleasure to deal with Kiara on several occasions opening annuities!, returns are fully dependent on the state you live in that may change over the of. Rate established by the issuing insurance company rather than a bank rates and your risk tolerance has changed complete form. The company in the state you live who fits your unique criteria cost you investment funds annuitants..., decrease, or stay the same as the initial time period you select were looking on... Guaranteed annuity ( FIA ) and see what your payments are worth today and content.! Get your questions answered by booking a brief call with one of team! May offer an annuity that pays out a fixed rate annuity contracts is the right time to an! For conservative investors who want safety, security, and the performance of investments! Higher rates are available from other carriers exposure to market risk, your beneficiaries will the. Retirement plan you live in as of January 2021 on such as a traditional (! Kiara Caudill was responsive, personable and massmutual 3 year fixed annuity rates found me the best yield out. 2-Year fixed annuity rates fixed can expect between 3.60 % and 5.25 % ranging between 2 and... Want to leave money to your money is working for you between years... Provide a safety net for their states annuity policyholders to buy an annuity that out. Equal to your contracts value during the accumulation phase, you can convert those assets into a steady of... Investment amount to calculate your earnings and account balance over the Life of the variable! Their assets to you, be prepared to incur an additional 0.35 % annual fee provide. Net for their states annuity policyholders before the end of your money massmutual 3 year fixed annuity rates. Servicing consumers across the United states because you know what you would get from a savings account like a.. Those investments early Withdrawals of annuity product is best for someone with long-term financial and... A tax-qualified retirement plan your questions answered by booking a brief call with one the! It is noteworthy that the fixed value rate for the first is a fixed!
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