Massachusetts Mutual Life Insurance Co. has introduced an enhanced guaranteed minimum accumulation benefit for its MassMutual Evolution variable annuity contract.
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The optional and revocable rider can give investors downside protection and an ability to lock in accumulated growth in contract values, the Springfield, Mass., financial services provider said Thursday.
MassMutual Evolution combines asset accumulation, insurance, and income benefits, including more than 40 investment options and flexible payouts.
