MassMutual Stable Voyage 3 Annuity Review

Item: Stable Voyage 3 Annuity
Rating: 4.5
Author: Jeremiah Konger

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With the cost of living on the rise, securing a financially stable future is more challenging than ever. That’s why many investors turn to low-risk options to grow their savings. One such choice is the MassMutual Stable Voyage 3 annuity.

This 3-year fixed annuity offers low surrender charges and 10% penalty-free withdrawals, allowing you to grow your investment tax-deferred while maintaining financial flexibility. With additional benefits designed for stability and growth, it’s worth considering for your portfolio.

Read our in-depth review to uncover everything you need to know about the MassMutual Stable Voyage 3 annuity.

About MassMutual Stable Voyage 3

Massachusetts Mutual Life has been offering reliable annuities and other insurance products since 1851, and Stable Voyage 3 has already gained positive feedback from investors.

MassMutual Stable Voyage 3 is a 3-year annuity that is considered a low-risk investment with the potential to grow your savings. Although its interest rate is not very high, you can be sure of the security of your investment.

This 3-year fixed annuity annuity grows your investment tax-deferred, meaning you will only need to pay tax once you start withdrawing your money. In addition to that, if you are in urgent need of money, the annuity product has up to 10% penalty-free withdrawals.

In addition to the base offer, you can customize your MassMutual Stable Voyage 3 annuity with riders. Here is what you add for an additional fee:

Death benefit: A beneficiary can be added to the annuity who will inherit your annuity upon the owner’s death.
Terminal illness: If the annuity’s owner is diagnosed with a qualifying terminal illness after the first year of the contract, a part or all of the annuity amount will be paid off without a penalty.
Nursing home and hospital: If the annuity’s owner is confined to a hospital or nursing home for longer than 90 days, the annuity amount can be withdrawn fully or partially without a penalty.

Let’s explore the MassMutual Stable Voyage 3 annuity in further detail below.

MassMutual’s Financial Strength Ratings

Rating Company

Rating

Fitch

AA+ (Very Low Default Risk)

S & P

AA+ (Very Strong)

A.M. Best Rating

A++ (Superior)

Moody's

Aa3 (High Quality, Low Risk)

Comdex

98

MassMutual Stable Voyage 3 Highlights

Guaranteed Fixed Interest Rates

With MassMutual Stable Voyage 3, your annuity will have fixed interest rates, so you will know exactly how much your investment will grow. Unlike index annuities, where the interest rate fluctuates, you will benefit from predictability and guaranteed increases.

Income for Life

When investing in the MassMutual 3-year fixed annuity, you will be able to choose your preferred payout method. One of which is an income for life, where the total amount is gradually paid every month. Alternatively, you can opt for a payout that is paid over a specific period of time.

Tax-Deferred Growth

The MassMutual Stable Voyage 3 annuity offers tax-deferred growth of your investment in addition to stability. Since the annuity is a 3-year-long product, your money will grow free from any taxes.

With this annuity, you can benefit from compounded interest, meaning your principal earns interest, and your interest earns interest. You will only pay taxes on the earnings when you start withdrawing your savings.

Note that any withdrawals before the age of 59 ½ may be subject to an additional 10% income tax.

MassMutual Stable Voyage 3 Annuity Overview

MassMutual Stable Voyage 3 Annuity Important Information
Annuity Term	5 years
Type of Annuity	Fixed
Interest	4.55%
Premium Type	Single Premium
Maximum Issue Age	85 years
Withdrawal Charge Schedule	7%, 7%, 7%
Minimum Premium	$10,000
Maximum Premium	$1,500,000
Market Value Adjustment	No
RMD	Yes
Types of Funds	Non-Qualified, IRA, SEP IRA, IRA-Roth, Simple, Inherited IRA, NQ, 457(b), 403(b)

MassMutual Stable Voyage 3 Annuity Historical Rate of Return

Fees and Charges

The MassMutual Stable Voyage 3 annuity doesn’t have any up-front fees or charges.

Index Options

MassMutual Voyage 3 is a single premium fixed annuity that guarantees the same interest rate throughout the whole period of the contract. Hence, there are index options available.

Crediting Options

The MassMutual Stable Voyage 3 annuity guarantees a fixed rate for the period of your contract. Here is how the rates are credited:

Initial Guaranteed Period: You choose a guaranteed interest rate of 3 or more years. If you consider, for example, MassMutual Stable Voge 5 with a 5-year annuity, you can benefit from higher interest rates.
Renewal Guaranteed Period: After your initial guaranteed prior ends, you can choose to renew for another 1, 3, 4, or 5 years (if available). If you renew for more than one year, the new annuity will come with a new, reduced surrender charger schedule.
One-Year Safe-Haven: If you're unsure about committing to a long-term renewal, you can renew for one year at a guaranteed interest rate. During this period, you can withdraw funds without surrender charges.
Window Period: At the end of each guarantee period, you have 30 days to decide to renew for another year, withdraw funds, or start receiving annuity payments.

MassMutual Stable Voyage 3 Annuity Surrender Schedule

The MassMutual Stable Voyage 3 Annuity has surrender fees starting at 7%. You will only pay the fees if you withdraw more than the allowed amount. Here is a breakdown of the yearly surrender schedule:

Year	1	2	3
Percentage	7%	7%	7%

If you renew for another year or longer, the new contract’s surrender fees will be reduced:

Years	1	2	3	4	5
1-Year	-	-	-	-	-
3-Year	6%	6%	6%	-	-
4-Year	6%	6%	6%	5%	-
5-Year	6%	6%	6%	5%	4%

MassMutual Stable Voyage 3 Annuity Key Features

MassMutual Stable Voyage 3 Annuity advantages include:

Renewing Opportunities

You can renew your annuity at the end of the initial guarantee period for 1, 3, 4, or 5 years, depending on availability.
The longer the renewal period, the higher the interest rate you may receive.
At the end of a guarantee period, you will have a 30-day window to decide whether to renew, withdraw funds, or begin annuity payments.
Renewing into a new guarantee period starts a new, reduced surrender charge schedule for terms longer than one year.

Tax-Deferred Compound Interest

Your principal earns interest, allowing your initial investment to grow over time.
Your interest earns interest, meaning your earnings are reinvested and continue to compound.
No immediate taxes are owed, so the money that would have gone to taxes stays invested and earns additional interest.
Tax deferral can result in higher overall returns compared to taxable fixed-interest financial products.
Taxes on earnings are only paid when you withdraw funds, giving your investment more time to grow.

MassMutual Stable Voyage 3 Pros & Cons

What We Like	What We Don’t Like
+ Low minimum investment premium of $10,000 + Guaranteed interest rate + Renewal possibilities with reduced surrender charges + Lower surrender charges than competitors	- Fixed rates are not as high as from other annuity providers

🔔 Company Information

Company Name

MassMutual Ascend

Website

https://mybusiness.massmutualascend.com/wellsfargo/home

Phone Number

800-854-3649

A.M. Best Rating

A++ (Superior)

S&P's Best Rating

AA+ (Very Strong)

About the Product

Product Name

MassMutual Stable Voyage 3 Annuity

Product Type

Fixed Annuity

Launch Date

n/a

Product Information

MassMutual Stable Voyage 3 is a 3-year fixed annuity with a minimum of a $10,000 single premium. It offers a guaranteed fixed interest rate and security for your investment.

In addition to a fixed interest rate, it offers a low 7% surrender fee and allows penalty-free withdrawals of up to 10%.

The annuity also offers flexible renewal options, giving you an opportunity to safely grow your money even more.

Product Brochure

https://compass.massmutual.com/api/public/assets/file/blt417

Account Types

Non-Qualified, IRA, SEP IRA, IRA-Roth, Simple, Inherited IRA, NQ, 457(b), 403(b)

Not Available In

AL, AK, AZ, AR, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Key Takeaways

The MassMutual Stable Voyage 3 is a fixed annuity that grows your money tax-deferred until the first withdrawal. It offers up to 10% free withdrawals, low surrender changes, and flexible renewal options.

Despite these benefits, this 3-year fixed annuity comes with lower interest rates but higher security. Hence, this annuity from MassMutual is more suitable for investors who prioritize safety and security over high yet risky profits.

If you aren’t sure whether the MassMutual Stable Voyage 3 is the right annuity for you, take our Annuity Quiz to learn about other products.

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FREQUENTLY ASKED QUESTIONS

What is MassMutual Stable Voyage 3?

MassMutual Stable Voyage 3 is a 3-year fixed annuity with low surrender charges, fixed interest rates, and flexible renewal options. Read our in-depth review to learn more details above.

What are MassMutual Stable Voyage 3 annuity rates?

The MassMutual Stable Voyage 3 annuity rate is 4.55%, but you may receive a better rate if you opt for a longer annuity.

Is the MassMutual Stable Voyage 3 annuity a monthly payment?

No, the MassMutual Stable Voyage 3 annuity is a single premium financial product with a minimum investment of $10,000.

Annuity Expert

Jeremiah Konger

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