What to Keep in Mind When Interest Rates Rise
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.
Translations of any materials into languages other than English are intended solely as a convenience to the non-English-reading public. We have attempted to provide an accurate translation of the original material in English, but due to the nuances in translating to a foreign language, slight differences may exist.
Las traducciones de cualquier material a idiomas que no sean el inglés son para la conveniencia de aquellos que no leen inglés. Hemos intentado proporcionar una traducción precisa del material original en inglés, pero debido a las diferencias de la traducción a un idioma extranjero, pueden existir ligeras diferencias.
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