Getting to know Single Premium Immediate Annuities

At MassMutual Ascend, we are here to help take your financial future above and beyond. When it comes to planning for your future, there's no one-size-fits-all approach. We offer a broad range of annuities to help meet your unique needs. If you are looking for immediate, guaranteed income, a Single Premium Immediate Annuity may be right for you!

A Single Premium Immediate Annuity (SPIA) allows you to turn your savings into a guaranteed stream of income. It is a type of annuity that starts income payments immediately with a single purchase payment, like from your additional savings (from a CD or money market account), a 1025 exchange, payments from a 401(k), or an IRA. A SPIA guarantees you will receive a consistent cash flow of scheduled periodic payments for as long as you choose - either for life or a set period of time. 

Receive guaranteed income

if you have a sum of money and are looking for guaranteed income, or if you simply want to make your future years more carefree and stable, a MassMutual Ascend SPIA may be the answer.

Tax advantages

Funding a SPIA with money that has already been taxed means you'll have a reliable cashflow that may be partially tax free.

An exclusion ratio is used to determine what percentage of a SPIA payment that we make to you is taxed. This means that money used to purchase the SPIA that was already taxed will not be taxed a second time. Therefore, funding a SPIA with money that has already been taxed means that you can count on a tax flow that is partially tax free.

Purchasing a SPIA

For a single purchase payment of $10,000 or more, a MassMutual Ascend SPIA guarantees that those dollars will provide you with a consistent cash flow of scheduled periodic payments. 

Annuity payments

Payout options are available to provide a steady stream of income on which you can depend. You can choose the length of time to receive payments or elect to receive an income stream that you cannot outlive. If you choose annuity payments for life, your future income will never run dry. Ask your financial professional for a current payout quote illustration. 

Talk to your financial professional to learn more about SPIAs from MassMutual Ascend and how they could fit into your portfolio!

For use with contract form P1020203NW, P1020212ID and P1020203OR. Contract form numbers may vary by state. Products and features may vary by state and may not be available in all states. See specific product disclosure document for details. 

All guarantees based on the claims-paying ability of MassMutual Ascend^SM.

Products issued by MassMutual Ascend Life Insurance Company^SM (Cincinnati, Ohio), a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).

This content does not apply to the state of New York.

Not a bank or credit union deposit or obligation - Not FDIC or NCUA-insured - Not insured by any federal government agency - May lose value - Not guaranteed by any bank or credit union

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