MassMutual Stable Voyage 5 Annuity Review
Working toward a financially stable retirement is often a goal for many people. However, the rising cost of living makes it less feasible to collect enough savings. For this very reason people who have some time left before retirement consider annuities.
An annuity is a long-term investment that has the potential to maximize your money. One such option is from the renowned insurance company called Massachusetts Mutual Life. Their MassMutual Stable Voyage 5 annuity is designed to help seniors grow their money low-risk with guaranteed interest rates.
In this MassMutual Stable Voyage 5 annuity review, we will cover the most important information about fees and charges, surrender fees, crediting options, and more. By the end of this review, you will know better whether this financial product is the right investment for you.
About MassMutual Stable Voyage 5
Massachusetts Mutual Life, a trusted name in insurance since 1851, offers a range of products, including annuities. As a mutual life insurance company, it remains committed to helping people achieve financial security together.
The MassMutual Stable Voyage 5 is an annuity that offers security and stability in one package. The annuity contract is signed for 5 years, but it can be renewed for another year or longer to continue growing your money, along with other perks.
In addition to that, MassMutual 5-year fixed annuity rates make it easy to predict how much you will earn, giving you peace of mind that you know how much you can earn for your retirement. Having said that, since Stable Voyage 5 is a low-risk annuity, it does offer lower fixed rates when compared to higher-risk investments.
On a positive note, despite a lower interest rate, you will benefit from the safe growth of your money, and you won’t have to pay income taxes until you start withdrawing funds.
The MassMutual Stable Voyage 5 annuity also offers liquidity, meaning you can withdraw up to 10% of your annuity amount without incurring any penalties. Moreover, if you ever need to withdraw a higher amount, the surrender charge percentage is also lower than competitors.
The MassMutual Stable Voyage 5 annuity comes with riders you can add to your contract; some of them are available for an extra fee:
- Death benefit: You can designate a beneficiary to receive your annuity. In the unfortunate event of your death, the beneficiary will be able to choose what to do with your investment.
- Terminal illness: If diagnosed with a qualifying terminal illness after the first year of the contract, you may withdraw the funds penalty-free from your investment, either partly or fully.
- Nursing home and hospital: If confined to a hospital or nursing home for over 90 days, you can access your annuity funds fully or partially without penalty.
Keep reading about MassMutual Stable Voyage 5 to discover more details.
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 5 Highlights
Flexible Income Options
One of the advantages of the MassMutual Stable Voyage 5 annuity is that you have control over your payouts. You can choose income for life, where your annuity pays out in monthly installments for the rest of your life, or opt for a structured payout over a set period of time to fit your financial goals.
Grow Your Money Tax-Deferred
Thanks to the MassMutual Stable Voyage 5 annuity, you can grow your money without having to pay an income tax. This means your investment will compound without immediate tax obligations. As a result, your principal will earn interest–and that interest will earn interest. With Stable Voyage 5, you can maximize your savings and postpone paying taxes until you start withdrawing funds.
Note: Withdrawals made before age 59½ may be subject to an additional 10% income tax penalty.
Guaranteed Fixed Interest Rates
The MassMutual 5-year fixed annuity rates will help you grow your investment steadily, ensuring predictable returns and stability. Unlike indexed annuities, which fluctuate with market conditions, this annuity guarantees consistent growth.
MassMutual Stable Voyage 5 Annuity Overview
| MassMutual Stable Voyage 5 Annuity Important Information | |
|---|---|
| Annuity Term | 5 years |
| Type of Annuity | Fixed |
| Interest | 4.65% |
| Premium Type | Single Premium |
| Maximum Issue Age | 85 years |
| Withdrawal Charge Schedule | 7%, 7%, 7%, 6%, 5% |
| 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 5 Annuity Historical Rate of Return
Fees and Charges
The MassMutual Stable Voyage 5 annuity doesn’t have any up-front fees or charges.
Index Options
MassMutual Voyage 5 is a single premium fixed annuity that locks in a consistent interest rate for the entire contract term without any index-based options.
Crediting Options
The MassMutual Stable Voyage 5 annuity provides fixed rates throughout the duration of your contract. Hence, you can predict exactly how much you can grow your investment.
If you’re wondering how the interest rates are structured by the annuity provider, here is a detailed breakdown:
- Initial Guaranteed Period: When purchasing the MassMutual Stable Voyage 5 annuity, the annuity provider guarantees an interest rate for five years. MassMutual offers higher rates for a 5-year term compared to shorter-term options.
- Renewal Guaranteed Period: You can choose to start withdrawing your annuity amount or continue growing it with a renewed contract. You have the option to renew the annuity for 1, 3, 4, or 5 years. Opting for renewal for more than one year comes with a revised surrender charge schedule.
- One-Year Safe-Haven: If you’re uncertain about a long-term commitment, you can renew for one year at a guaranteed interest rate. During this period, you can withdraw funds without facing surrender charges.
- Window Period: At the end of each guarantee period, you have 30 days to decide whether to renew, withdraw funds, or begin receiving annuity payments, giving you full control over your investment.
MassMutual Stable Voyage 5 Annuity Surrender Schedule
As with any annuity, the MassMutual Stable Voyage 5 comes with surrender fees. Unlike products offered by other providers, MassMutual Stable Voyage starts at 7%.
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Percentage | 7% | 7% | 7% | 6% | 5% |
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 5 Annuity Key Features
MassMutual Stable Voyage 5 Annuity advantages include:
Flexible Renewing Opportunities
- At the end of your initial guarantee period, you can renew your annuity for 1, 3, 4, or 5 years (subject to availability).
- Longer renewal terms may offer higher interest rates.
- You’ll have a 30-day window to decide whether to renew, withdraw funds, or start annuity payments.
- If you choose a renewal period of more than one year, a new, reduced surrender charge schedule will apply.
Tax-Deferred Compound Growth
- With Stable Voyage 5, your investment benefits from compounded interest, where both your principal and earned interest continue to grow over time.
- Because taxes aren’t owed until you withdraw funds, your earnings remain invested, maximizing potential returns.
- This tax-deferred structure can lead to higher overall growth compared to taxable fixed-interest financial products.
Death Benefit
- You can designate a beneficiary to inherit your annuity in the event of your death.
- The death benefit can be paid during the accumulation phase and income phase.
- If the annuity owner dies during the accumulation phase, the contract value will be paid.
- If the annuity owner dies during the income phase, the death benefit will be determined based on the previously chosen annuity option.
MassMutual Stable Voyage 5 Pros & Cons
| What We Like | What We Don’t Like |
|---|---|
| + Low minimum investment premium of $10,000 + Market adjustments do not apply + Reasonable 5-year contract + RMD friendly | - Fixed rates are not as high as from other annuity providers |
🔔 Company Information
Company Name
MassMutual Ascend
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 5 Annuity
Product Type
Fixed Annuity
Launch Date
n/a
Product Information
MassMutual Stable Voyage 5 is a 5-year fixed annuity offered by Massachusetts Mutual Life, a prominent annuity producer since 1851.
With this annuity, you can benefit from predictability and consistent growth of your money thanks to guaranteed fixed rates.
With riders such as death benefits and terminal illness waivers available, you can ensure that your loved one inherits your annuity in case something happens to you.
Additionally, you can choose to start withdrawing your funds or renew the contract to keep growing your savings until you are satisfied with the accumulated amount.
Product Brochure
Account Types
Non-Qualified, IRA, SEP IRA, IRA-Roth, Simple, Inherited IRA, NQ, 457(b), 403(b)
Key Takeaways
The MassMutual Stable Voyage 5 is a 5-year term annuity with fixed interest rates, designed for stability and peace of mind. With guaranteed interest rates and optional riders, it ensures your money grows tax-deferred while also providing financial protection in case of unexpected events.
The renewal options and flexible payouts give you control over your money and how you choose to manage your investment. Although fixed interest rates are typically lower than the ones indexed annuities offer–the MassMutual Stable Voyage 5 offers predictability and security that many investors appreciate.
If you aren’t sure whether the MassMutual Stable Voyage 5 suits your financial needs, take our Annuity Quiz to learn about other products.
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FREQUENTLY ASKED QUESTIONS
What is MassMutual Stable Voyage 5?
MassMutual Stable Voyage 5 is a 5-year fixed annuity from Massachusetts Mutual Life. It comes with guaranteed fixed interest rates, optional riders, renewal options, and flexible payouts.
What are MassMutual Stable Voyage 5 annuity rates?
The MassMutual Stable Voyage 5 interest rate is 4.65%. You may receive a higher rate if you purchase a longer annuity term.
Is the MassMutual Stable Voyage 5 annuity a good investment?
The MassMutual Stable Voyage 5 annuity may be a good investment for people looking for low-risk investments with guaranteed interest rates and the possibility of establishing an additional income for life.
Annuity Expert
Jeremiah Konger
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