MassMutual Stable Voyage Fixed Deferred Annuity Review: Everything You Need to Know

Introduction

Are you looking for a low-risk retirement savings option with guaranteed interest rates and tax-deferred growth? The MassMutual Stable Voyage Fixed Deferred Annuity could be an ideal choice for those seeking financial stability and predictable income in retirement.

In this in-depth MassMutual Stable Voyage annuity review, we’ll explore its key features, benefits, surrender charges, withdrawal options, and whether it’s the right investment for your retirement planning.

Key topics covered:
✅ Guaranteed interest rates and terms
✅ Surrender charge schedule and free withdrawals
✅ Tax-deferred growth benefits
✅ Income payout options and death benefits
✅ Pros, cons, and alternatives

What Is the MassMutual Stable Voyage Annuity?

The MassMutual Stable Voyage is a single premium deferred fixed annuity, meaning you make a one-time deposit that grows at a fixed rate for a set period. This annuity is issued by Massachusetts Mutual Life Insurance Company (MassMutual), a financially strong and reputable insurer.

It is best suited for conservative investors looking to grow their money safely, avoid stock market volatility, and secure predictable retirement income.

Key Features of MassMutual Stable Voyage Annuity

1. Issue Age & Minimum Investment

• Minimum Age: 18 (19 in Alabama, Delaware, and Nebraska)
• Maximum Age: 85
• Minimum Investment: $10,000 (qualified & nonqualified funds)
• Maximum Investment: $1.5 million (without MassMutual approval)

2. Guaranteed Fixed Interest Rates

This annuity offers a locked-in fixed interest rate for your chosen initial guarantee period:

• 3 years
• 4 years
• 5 years

After this period, you can renew for 1, 3, 4, or 5 years, though rates may change.

3. Surrender Charges & Early Withdrawal Fees

If you withdraw funds beyond the free withdrawal limit, surrender charges apply as follows:

4. Free Withdrawal Options

You can withdraw up to 10% of your contract value each year without penalty:

• First year: 10% of the contract value.
• Subsequent years: 10% of the previous year's balance.
• Required Minimum Distributions (RMDs) for qualified plans are waived from surrender charges.

5. Annuity Payout Options

At the end of the accumulation phase, you can convert your annuity into a steady stream of guaranteed income with these options:

• Lifetime Income (Single Life or Joint & Survivor)
• Period Certain (5–30 years)
• Lifetime Income with Period Certain
• Joint & Two-Thirds Survivor Life

You can choose monthly, quarterly, semi-annual, or annual income payouts.

6. Special Waivers for Emergencies

• Nursing Home & Hospital Waiver – Withdraw funds without surrender charges if confined for 90+ continuous days (not available in California).
• Terminal Illness Waiver – Withdraw funds without penalty if diagnosed with a terminal illness.

7. Death Benefit Protection

• If the annuitant passes away before income payments begin, the beneficiary receives the full contract value.
• If the annuitant passes away after annuitization, payouts continue based on the chosen income option.

MassMutual Stable Voyage Annuity: Pros & Cons

✅ Pros

✔ Guaranteed Interest Rates – No market risk.
✔ Principal Protection – Your investment is safe.
✔ Tax-Deferred Growth – Earn interest without annual tax payments.
✔ Flexible Payout Options – Choose an income stream that fits your needs.
✔ Free Withdrawals – Access up to 10% of funds penalty-free annually.
✔ Emergency Waivers – No surrender charges for nursing home or illness-related withdrawals.

❌ Cons

✖ Limited Growth Potential – No market-linked gains.
✖ Surrender Charges – Fees for early withdrawals beyond the free limit.
✖ Single Premium – You can’t make additional contributions.
✖ Renewal Rates May Change – Future rates may be lower.

Who Should Consider the MassMutual Stable Voyage Annuity?

This annuity is best for individuals who:
✅ Want a guaranteed interest rate with no market risk.
✅ Need steady growth and principal protection.
✅ Are looking for tax-deferred retirement income.
✅ Want flexibility in payout options.

It may not be ideal for those who:
❌ Seek higher investment returns from stocks or variable annuities.
❌ Need frequent access to funds beyond free withdrawal limits.
❌ Want an annuity with ongoing contributions instead of a single premium.

How Does This Annuity Compare to Other Options?

If you're exploring fixed annuities, you may also want to compare:
🔹 Athene Accumulator Fixed Indexed Annuity (market-linked growth potential)
🔹 New York Life Secure Term Fixed Annuity (competitive rates, shorter terms)
🔹 Allianz Core Income 7 Fixed Annuity (strong lifetime income features)

For a personalized comparison, consult a financial advisor to determine the best option based on your goals.

Final Verdict: Is the MassMutual Stable Voyage Annuity Worth It?

The MassMutual Stable Voyage Fixed Deferred Annuity is a strong choice for individuals seeking a low-risk, guaranteed return investment with tax-deferred growth. Its flexible renewal options, liquidity features, and multiple payout choices make it an excellent fit for conservative investors planning for retirement.

However, if you seek higher returns or more liquidity, other annuities or investment options may be better suited to your needs.

Next Steps:
🔹 Speak with a financial advisor to determine if this annuity aligns with your retirement goals.
🔹 Compare rates and features with other annuity products before making a decision.
🔹 Download the MassMutual Stable Voyage brochure for full details.

We'll end with a note that we are an independent firm which gives us the advantage of being entirely objective when it comes to recommending a product or service, so if you feel like you would like a second opinion from us regarding this annuity, or something else, feel free to contact us for a nice chat.

Best Regards,

Derek Notman & Drew Faloon