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MassMutual launches new flexible premium deferred income annuity

Massachusetts Mutual Life Insurance (MassMutual) has introduced a flexible premium deferred income annuity, MassMutual RetireEase Choice, which guarantees a future income stream to provide financial security.

Offering no contract value or withdrawal provisions, MassMutual RetireEase Choice can guarantee a higher income amount at the time purchase payment(s) and distributes in the form of annuity payments or a death benefit.

MassMutual Annuity Products US Insurance Group vice president Dana Tatro said, "MassMutual RetireEase Choice is the newest component in our Sound Retirement Solutions retirement planning philosophy."

"By securing a specific amount of guaranteed income that begins at a future time you choose, it may be possible to worry less about having enough money to cover necessary expenses throughout retirement."

Features of RetireEase Choice include flexible purchase payments, a variety of payout options, annuity date adjustment, Return of purchase payment, annuity payment acceleration and protection against inflation.

Founded in 1851 and headquartered in Springfield, MassMutual Financial is a marketing name for MassMutual and its affiliated companies and sales representatives.