PA(r)]], then r [is less than] r' because the purchase payment
is reduced by more (5) to (7) than the purchase amount is reduced.
Guaranteeda Values: Each purchase payment
you make generates a specific amount of guaranteeda income.
As an alternative to its enhanced 6% interest credit option (Option B), Masters Extra also offers a purchase payment
interest option that pays a 2% upfront interest credit on all first-year purchase payments
and an interest credit of 2% of the account value at the end of every fifth-year anniversary (Option A).
Either version can be funded through a lump-sum payment or incremental purchase payments
(a minimum of $2,500 initial purchase payment
with $500 subsequent payments).
MassMutual RetireEase Choice differs from traditional deferred annuities in that it guarantees a specific amount of future income at the time a purchase payment
Up to 10% bonus on purchase payments
made in the first contract year.
The Benefit Base is the greater of eligible purchase payments
, or the highest anniversary value (less purchase payments
that are not considered "eligible") during the period in which anniversary values are being considered, each adjusted for withdrawals in excess of the feature's maximums (known as "excess withdrawals").
If contract owners die during their annuity's asset accumulation phase, the new standard death benefit backed by MassMutual and available under age 76 (based on the "owner" or purchaser of these two contracts), guarantees beneficiaries the greater of either contract value or purchase payments
, less any withdrawal adjustment and applicable charges.
FutureSaver II also offers features such as the ability to make additional purchase payments
after issue, an Optional Money Back Guarantee, and special liquidity options in the event of a terminal illness or confinement to a long-term care facility.
is pleased to announce that the final payments have been completed on two, previously announced, acquisitions in Brazil and the Company now has no outstanding purchase payments
to be made on any of its properties obtained over the last several years.
choice of five-year or seven-year initial terms and surrender charge schedules; additional purchase payments
accepted without restarting surrender charges; and a 2.
The GIS benefit applies to the initial purchase payment
and will apply to subsequent purchase payments
only if the amount of any subsequent purchase payment
is greater than 25% of the sum of the total purchase payments
applied to the contract (e.