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MassMutual Annuities Review


ConsumersAdvocate.org Rating: 5 / 5 (Excellent)
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The Massachusetts Mutual (MassMutual) Life Insurance Company offers a variety of life insurance and retirement investment products, as well as wealth management and financial planning solutions. Founded in 1851 in Springfield, Massachusetts, the company services around 5 million policyholders and has around 9000 financial professionals across the nation. It is one of the largest companies in the US by revenue and consistently rates highly with all top financial strength rating bureaus.
 
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How is MassMutual rated?

Breakdown

5.0/5
Policy Features
5.0/5
Fees and Commissions
5.0/5
Reputation and Financial Strength

Overall Rating: 5 / 5 (Excellent)

A variety of products and exceptional financial strength make MassMutual an excellent choice for those considering purchasing an annuity. Although information about the additional costs—fee and commissions—of its annuities is largely absent, this is not uncommon among life insurance companies selling this type of product. Ultimately, MassMutual merits consideration by potential annuity customers given its good selection of products and positive reputation.

MassMutual Annuity Features

Policy Features - 5 / 5

MassMutual's annuities are all designed to provide lifetime income after disbursement commences. The company offers five types of annuity on its website: deferred fixed, variable, fixed index, immediate income, and deferred income. Its selection of annuities ensures that both consumers with income needs and consumers looking for tax-deferred growth can find a product that fits their needs. Depending on the annuity chosen by a customer, they may be able to pay and withdraw funds in a large, lump sum or in a steady stream of payments.
Annuity Type
Immediate
Deferred
Fixed-Deferred
Purchasing Options
Insurance Companies
Funding
Lump Sum
Series of Payments
Payment Frequency
Guaranteed Fixed Period
Lifetime Payments
Survivorship Payments
Withdrawal Options
Stream of Payments
Lump Sum
Annuity Riders
Death Benefit

MassMutual Fees and Commissions

Fees and Commissions - 5 / 5

MassMutual does not disclose much information regarding its annuities' fees and commissions charges. For more information, consumers may call or email a company representative.

MassMutual Reputation and Financial Strength

Reputation and Financial Strength - 5 / 5

MassMutual enjoys some of the highest financial strength ratings of any company in the industry. It currently holds an AA+ (Very Strong) with S&P, an Aa2 (Excellent) with Moody's, an A++ (Superior) with A.M. Best, and an AA+ (Very Strong) with Fitch. It's rating on the BBB, which is currently an A, is also quite good. The CFPB does not report any complaints directed at the company. Consumers may contact company representatives via email or phone call Mondays through Fridays from 8 a.m. to 8 p.m. Eastern Time.
Year Founded
1851
Standard & Poor's Financial Rating
AA+
Moody's Financial Rating
Aa2
AM Best Financial Rating
A++
BBB Rating
A
Consumer Financial Protection Board (CFPB) Complaints
0
Live Help 24/7
No
Live Help 24/7
No
Customer Support Hours
Monday to Friday, 8 a.m. to 8 p.m. ET
Contact Methods
Phone
Email

Company Profile

Full Name
MassMutual Annuities
Company Website
https://www.massmutual.com/
Headquarters
1295 State Street, Springfield, MA, 01111

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Top Rated
  • Marketplace service that compares top-rated insurers 
  • Fiduciary-led company 
  • No on-going fees
  • Offers Personal Pension Plans and income annuities 
  • User-friendly quote calculator
  • Helpful diagnostic tools and guides
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