Why You Need a Will
Annuities can be classified as either deferred or immediate. With a deferred annuity, your money is invested and accumulates over time, typically providing payouts in retirement. An immediate annuity begins payouts to you immediately, once you create it.
Variable: The amount paid to you increases or decreases based on market performance. Variable rate annuities can potentially pay more, allowing you to keep pace with the rate of inflation in retirement or even exceed it.
Immediate: Starts paying you lifetime income as soon as you establish it.
Downside guarantee: Even when the markets experience volatility, we provide an increased measure of security and peace of mind. Your annuity won’t decrease more than 5% in the first year of a market downturn or more than 10% in the second or subsequent years of declines.
4% Advanced earnings assumption: We presume that the Annuity Fund will annually earn at least 4% during your retirement. So, when you convert your account into an annuity, MMBB gives you 4% more annuity units than you actually purchase. For example, if you’re initially credited with 100 annuity units when you convert your investment, MMBB advances you an additional 4% or four additional units.
Visit our Annuity Payout Analysis to understand how the current actual value of the assets in the Annuity Fund compares to the actual payout value.
A Message for MMBB Members
The MMBB Retirement Plans recordkeeping transition to Fidelity is complete. Currently only MMBB members with a balance in their retirement account are eligible to register for the MMBB Member Portal. If you don’t have a balance in your MMBB retirement account no action is required at this time.
Eligible members who have not yet registered will receive an invitation including a unique URL to set up their Member Portal credentials. Thank you.
You will be linking to another website not owned or operated by MMBB. MMBB is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by MMBB of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from MMBB.
If you “Proceed”, the link will open in a new window.