Investment Options - MassMutual Envision^SM

FOR FINANCIAL PROFESSIONALS. NOT FOR USE WITH THE PUBLIC.

While RetirePay is in effect, investment allocations are restricted. Your client must either be invested 100% in one of the MML Asset Allocation Sub-Accounts or invested 100% in the Custom Allocation Program. Choosing an MML Asset Allocation fund provides simplicity to your client’s fund selection process. If clients prefer to select multiple funds and customize their portfolio, the Custom Allocation Program may be a better choice.

The Custom Allocation Program includes many of the investment options listed, however, there will be allocation requirements that must be adhered to. With the Custom Allocation Program, multiple investment options can be selected from each category outlined in the Rate Sheet Prospectus Supplement. The total allocation for all investment options within each category must be between the minimum and maximum allocation. For more information about the current available investment options and allocation requirements, please refer to the current MassMutual Envision Rate Sheet Prospectus Supplement.

* Fidelity, Contrafund, and Fidelity Institutional AM, are registered service marks of FMR LLC. Used with permission.

¹ Specialty funds are an all-encompassing equity category that consists of funds that forgo broad diversification to concentrate on a certain segment of the economy or a specific targeted strategy.

² The fund is a "feeder" fund, meaning that it does not buy investment securities directly, but instead invests in shares of a corresponding "master" fund, which in turn purchases investment securities. A fund offered in a master-feeder structure may have higher expenses than those of a fund that invests directly in securities because the feeder fund bears its own expenses in addition to those of the master fund. You should read the fund prospectus for more information about this feeder fund.

³ You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Before purchasing MassMutual Envision, your clients should carefully consider the investment objectives, risks, charges, and expenses of the variable annuity. Clients should read the MassMutual Envision prospectus carefully before investing or sending money. Clients may also obtain the prospectuses (or summary prospectuses, if available) for the annuity’s underlying investment options online at https://www.MassMutual.com/envision.

This product and/or certain features and investment options may not be available in all states or firms.

MassMutual Envision (Contract Form FPVDA21 and ICC21-FPVDA in certain states, including North Carolina) is a flexible premium deferred variable annuity contract issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Variable annuities offered through registered representatives of MML Investors Services, LLC, Springfield, MA 01111-0001 or a broker-dealer that has a selling agreement with MML Strategic Distributors, LLC, Springfield, MA 01111-0001.

Principal Underwriters: MML Investors Services, LLC (MMLIS), Member SIPC®, and MML Strategic Distributors, LLC (MSD), are both Members FINRA and subsidiaries of Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.