DISCONTINUED PRODUCT - Product not available to new enrollees.
MassMutual Artistry
Product ID: 7
Type:
Variable Annuity
Discontinued 
$118
0%
10 Years / 8.00%
No
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Address: - Product Details
- Fees and Charges
- Investment Options
MassMutual Artistry is a variable annuity product, which is designed for the 403(b)(1) marketplace to encourage long term savings for investors who:
- Are seeking to supplement their current efforts to invest more for retirement
- Are concerned that their pension and Social Security benefits will not be sufficient sources of lifetime income
- Want to receive retirement income in the future.
Select the topics below to expand and view additional product details
Over time, the performance of each fund may cause your allocation to shift from your original allocation. You can direct us to automatically rebalance your contract value allocated to the funds in order to return your original percentage allocations by selecting our Automatic Rebalancing Program. Contract value allocated to the fixed account cannot participate in the Automatic Rebalancing Program. You can tell us whether to rebalance monthly, quarterly, semi-annually or annually. The Automatic Rebalancing Program is available only during the accumulation phase.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
The Dollar Cost Averaging Program allows you to systematically transfer a set amount from a selected fund to any of the other funds. Dollar cost averaging does not assure a profit and does not protect you against loss in declining markets. Since dollar cost averaging involves continuous investment in securities regardless of fluctuating price levels of securities, you should consider your financial ability to continue the program through periods of fluctuating price levels. You must have at least $600 in the fund you have selected to transfer contract value from in order to participate in the Dollar Cost Averaging Program. The minimum amount you can transfer is $100. The minimum duration of participation in any Dollar Cost Averaging Program is currently 6 months. You can choose the fre
Loans are available at reasonable interest rates. Loans must be for a minimum of $1,000 and a maximum of $50,000 (subject to certain limitations). You can have as many as three loans outstanding at any one time, but only two loans are permitted in any calendar year. Loans must be repaid quarterly over a period not extending beyond five years, or fifteen years for a principal residence loan. Additional limitations may be imposed by your employer's Plan provisions.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
Upon request, we will calculate the amount of your required minimum distributions. Required minimum distributions can be paid monthly, quarterly semi-annually or annually. Surrender charges do not apply to required minimum distributions attributable to your contract that exceed the free withdrawal amount.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
Riders are amendments to the annuity contract that typically add to your costs. make sure you inquire about any additional costs. The following riders exist for this product:
In most states, you may elect a Terminal Illness Benefit. We will require proof that you are terminally ill and not expected to live more than 12 months. Prior to the date you reach age 80, the Terminal Illness Benefit is the greater of:
(1) your purchase payments, less any withdrawals, the amount attributable to any outstanding loan, and any applicable charges; or
(2) your contract value, less the amount attributable to any outstanding loan.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
We will make fixed and/or variable periodic payments during the joint lifetime of 2 annuitants. When one dies, we will continue making these payments to the survivor as if both annuitants were alive. We will not make payments after both annuitants have died. We also offer a joint and 2/3 survivor annuitant option. Under this option, we will compute the payments for the surviving annuitant on the basis of two-thirds of the annuity payment (or units) in effect during the joint lifetime.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
Under the life income settlement option we make fixed and/or variable periodic payments as long as the annuitant is alive. After the annuitant dies we stop making payments.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
Under the life settlement option with a period certain we will make fixed and/or variable periodic payments for a guaranteed period, or as long as the annuitant lives, whichever is longer. The guaranteed period may be 5, 10 or 20 years.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
A lum sum payment is available.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
We will make fixed and/or variable payments for a specified period. The specified period must be at least 5 years and cannot be more than 30 years. If you would like to receive all or part of the present value of the payments under this settlement option at any time, you may elect to receive it in a lump sum or have it applied to another settlement option. If you so elect, the future income payments will be reduced accordingly.
This is a brief summary. For more detailed information and additional restrictions, please consult the Prospectus.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Fees
|
|
0.15% | Annually | Percent of Amount Invested | No | No | Yes |
|
|
1.03% | Annually | Percent of Amount Invested | No | No | Yes |
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 8.00% |
| 2 | 8.00% |
| 3 | 7.00% |
| 4 | 6.00% |
| 5 | 5.00% |
| 6 | 4.00% |
| 7 | 3.00% |
| 8 | 2.00% |
| 9 | 1.00% |
| 10 | 0.00% |
*Expressed in contract years
Exceptions to the Surrender Charge:
Other Restrictions:
Percent of contract value:
10.00%
Death:
Yes
Terminal Illness - You may elect a Terminal Illness benefit. If you are diagnosed with a Terminal Illness, you can receive amounts from your annuity contract without the imposition of contingent deferred sales charges. Please see the prospectus fo
