MassMutual Artistry Variable Annuity

46 Pages·2016·0.16 MB·English

MassMutual Artistry Variable Annuity
Issued by C.M. Life Insurance Company
C.M. Multi-Account A
ThisprospectusdescribestheMassMutualArtistryindividualorgroupdeferredvariableannuitycontractofferedbyC.M.Life
InsuranceCompany.Wenolongersellthecontract.However,wecontinuetoadministerexistingcontracts.Thecontractprovidesfor
accumulationofcontractvalueandannuitypaymentsonafixedand/orvariablebasis.
You,thecontractowner,haveanumberofinvestmentchoicesinthecontract.Subjecttostateavailability,theseinvestment
choicesincludeonefixedaccountoptionaswellasthefollowingfundswhichareofferedthroughourseparateaccount,C.M.
Multi-AccountA.
AIMVariableInsuranceFunds MMLGrowthAllocationFund OppenheimerVariableAccountFunds
(InvescoVariableInsuranceFunds) MMLGrowth&IncomeFund OppenheimerCapitalAppreciation
InvescoV.I.DiversifiedDividendFund MMLIncome&GrowthFund Fund/VA
InvescoV.I.HealthCareFund1 MMLInternationalEquityFund OppenheimerConservativeBalanced
InvescoV.I.TechnologyFund MMLLargeCapGrowthFund Fund/VA2
MMLManagedVolatilityFund OppenheimerDiscoveryMidCap
Fidelity®VariableInsuranceProducts MMLMidCapGrowthFund GrowthFund/VA
Fund MMLMidCapValueFund OppenheimerGlobalFund/VA
Fidelity®VIPContrafund®Portfolio MMLModerateAllocationFund OppenheimerGlobalMulti-Alternatives
MMLSmallCapGrowthEquityFund Fund/VA
MMLSeriesInvestmentFund MMLSmallCompanyValueFund OppenheimerGlobalStrategicIncome
MMLAggressiveAllocationFund MMLSmall/MidCapValueFund Fund/VA
MMLAmericanFundsCore MMLTotalReturnBondFund OppenheimerGovernmentMoneyFund/
AllocationFund VA3
MMLAmericanFunds®GrowthFund MMLSeriesInvestmentFundII OppenheimerInternationalGrowth
MMLAmericanFunds®International MMLBlendFund Fund/VA
Fund MMLEquityFund OppenheimerMainStreetFund®/VA
MMLBalancedAllocationFund MMLHighYieldFund
MMLBlueChipGrowthFund MMLInflation-ProtectedandIncome PIMCOVariableInsuranceTrust
MMLConservativeAllocationFund Fund PIMCOCommodityRealReturn®
MMLEquityIncomeFund MMLManagedBondFund StrategyPortfolio
MMLEquityIndexFund MMLShort-DurationBondFund
MMLFocusedEquityFund MMLSmallCapEquityFund VoyaInvestorsTrust
MMLForeignFund MMLStrategicEmergingMarketsFund VY®ClarionGlobalRealEstate
MMLFundamentalGrowthFund MMLU.S.GovernmentMoney Portfolio
MMLFundamentalValueFund MarketFund
MMLGlobalFund
1 FormerlyknownasInvescoV.I.GlobalHealthCareFund.
2 Unavailableforcontractsissuedonorafter4/30/2012.
3 Unavailableincontractsissuedonorafter1/19/2008.
Tolearnmoreaboutthecontract,youcanobtainacopyoftheStatementofAdditionalInformation(SAI),datedMay1,2018.
WefiledtheSAIwiththeSecuritiesandExchangeCommission(SEC)anditislegallyapartofthisprospectus.TheSEC
maintainsawebsite(http://www.sec.gov)thatcontainstheSAI,materialincorporatedbyreferenceandotherinformation
regardingcompaniesthatfileelectronicallywiththeSEC.TheTableofContentsoftheSAIisonpage39ofthisprospectus.
ForafreecopyoftheSAI,orforgeneralinquiries,callourServiceCenterat(800)272-2216orwritetoourServiceCenter
usingthefollowingaddress:MassMutual,DocumentManagementServices–AnnuitiesW360,P.O.Box9067,Springfield,
MA01102-9067.(OvernightMailAddress:MassMutual,DocumentManagementServices–AnnuitiesW360,1295State
Street,Springfield,MA01111-0111)
Thisprospectusisnotanoffertosellthecontractinanyjurisdictionwhereitisillegaltoofferthecontractnorisitanofferto
sellthecontracttoanyonetowhomitisillegaltoofferthecontract.
Thecontract:
‰ isnotabankorcredituniondepositorobligation. ‰ maygodowninvalue.
‰ isnotFDICorNCUAinsured. ‰ providesguaranteesthataresubjecttoourfinancial
‰ isnotinsuredbyanyfederalgovernmentagency. strengthandclaims-payingability.
‰ isnotguaranteedbyanybankorcreditunion.
TheSEChasnotapprovedordisapprovedthecontractordeterminedthatthisprospectusisaccurateorcomplete.
Anyrepresentationthatithasisacriminaloffense.
Pleasereadthisprospectusbeforeinvesting.Youshouldkeepitforfuturereference.Itcontainsimportantinformation
aboutthecontract.
EffectiveMay1,2018
1
Table of Contents
Index of Special Terms 3 Withdrawals 20
RighttoTakeLoans 21
Contacting the Company 4
Expenses 22
Overview 4 InsuranceCharges 23
MortalityandExpenseRiskCharge 23
Table of Fees and Expenses 6
AdministrativeCharge 23
AnnualContractMaintenanceCharge 23
The Company 8
ContingentDeferredSalesCharge(CDSC) 23
FreeWithdrawals 24
Ownership of the Contract 8
PremiumTaxes 25
Owner 8
TransferFee 25
Annuitant 8
IncomeTaxes 25
Beneficiary 8
FundExpenses 25
BeneficiaryIRA 8
The Income Phase 25
Age 9
AnnuityOptions 27
HowWeDetermineAgeofAnnuitant,Owner
andBeneficiary 9
Death Benefit 28
Additional Purchase Payments 9
Taxes 31
AllocationofPurchasePayments 10
Other Information 36
Replacement of Life Insurance or
TerminalIllnessBenefit 36
Annuities 10
Distribution 36
Assignment 37
Right to Cancel Your Contract 11
UnclaimedProperty 37
VotingRights 37
Investment Choices 11
ChangestotheContract 38
TheSeparateAccount 11
SuspensionofPaymentsorTransfers 38
TheFunds 11
TerminationofContract 38
Addition,Removal,ClosureorSubstitution
Anti-MoneyLaundering 38
ofFunds 15
OurAbilitytoMakePaymentsUnderthe
CompensationWeReceivefromFunds,Advisers
Contract 38
andSub-Advisers 15
OurFinancialStatements 39
TheFixedAccount 16
ComputerSystemFailuresandCybersecurity 39
Contract Value 16 LegalProceedings 39
BusinessDaysandNon-BusinessDays 16
Table of Contents of the Statement of
Sending Request in Good Order 17 Additional Information 39
Transfers and Transfer Programs 17 Appendix A 43
GeneralOverview 17 CondensedFinancialInformation 43
TransfersDuringtheAccumulationPhase 17
LimitsonFrequentTradingandMarketTiming
Activity 18
TransfersDuringtheIncomePhase 19
TransferPrograms 19
2
Index of Special Terms
Wehavetriedtomakethisprospectusasreadableandunderstandableforyouaspossible.Bytheverynatureofthecontract,
however,certaintechnicalwordsortermsareunavoidable.Wehaveidentifiedthefollowingassomeofthesewordsorterms.
Thepagethatisindicatedhereiswherewebelieveyouwillfindthebestexplanationforthewordorterm.
Page
AccumulationPhase 4
AccumulationUnit 16
Annuitant 8
AnnuityDate 25
AnnuityOptions 27
AnnuityPayments 25
AnnuityUnitValue 26
Claims-PayingAbility 38
ContractYear 18
FreeWithdrawals 24
GoodOrder 17
IncomePhase 25
PurchasePayment 9
QualifiedContract 31
SeparateAccount 11
ServiceCenter 4
Sub-Account 11
TaxDeferral 5
Tax-ShelteredAnnuity 29
3
Contacting the Company
YoumaycontactusbycallingtheMassMutualCustomerServiceCenter(ourServiceCenter)at(800)272-2216Monday
throughFridaybetween8a.m.and8p.m.EasternTime.Youmayalsocontactusbyvisitingwww.massmutual.com/contact-us.
Additionally,youmaywritetoourServiceCenterusingthefollowingaddress:MassMutual,DocumentManagementServices–
AnnuitiesW360,P.O.Box9067,Springfield,MA01102-9067ortoourovernightmailaddressatMassMutual,Document
ManagementServices–AnnuitiesW360,1295StateStreet,Springfield,MA01111-0111.
Overview
Thefollowingisintendedasasummary.Pleasereadeachsectionofthisprospectusforadditionaldetail.
WenolongerselltheMassMutualArtistryvariableannuitycontract.However,wecontinuetoadministerexistingcontractsand
wecontinuetoacceptpurchasepaymentstoexistingcontracts,subjecttocertainrestrictions.See“AdditionalPurchase
Payments.”
Thisannuityisacontractbetween“you,”theowner,and“us,”C.M.LifeInsuranceCompany(“C.M.Life”orthe“Company”).
Thecontractisintendedforretirementsavingsorotherlong-terminvestmentpurposes.Thecontractisdesignedprimarilyfor
useinannuitypurchaseplansadoptedbypublicschoolsystemsandcertaintax-exemptorganizationspursuanttoSection403(b)
oftheInternalRevenueCodeof1986,asamended(IRC).Theseplansaresometimescalled“tax-shelteredannuities”or
“TSAs.”Subjecttostateavailability,thecontractwasalsosoldtogovernmentalentitiespursuanttoIRCSection457(b).
Inexchangeforyourpurchasepayments,weagreetopayyouanincomewhenyouchoosetoreceiveit.Youdesignatethe
dateonwhichtheincomeperiodbegins.Thatdatemustbeatleast30daysfromwhenyoupurchasethecontract.Thecontract
hastwophases– theaccumulationphaseandtheincomephase.Yourcontractisintheaccumulationphaseuntilyoudecideto
beginreceivingannuitypayments.Duringtheaccumulationphaseweprovideadeathbenefit.Onceyoubeginreceiving
annuitypayments,yourcontractenterstheincomephase.
ContractType Thecontractdescribedinthisprospectusisanindividualorgroupdeferredvariableannuity.
Thecontractprovidesforaccumulationofcontractvalueandannuitypaymentsonafixed
and/orvariablebasis.
TheProspectusandthe TheprospectusandSAIdescribeallmaterialtermsandfeaturesofyourcontract.Certain
Contract non-materialprovisionsofyourcontractmaybedifferentthanthegeneraldescriptioninthe
prospectusandtheSAI,andcertainridersmaynotbeavailablebecauseoflegalrequirements
inyourstate.Seeyourcontractforspecificvariationssinceanysuchstatevariationwillbe
includedinyourcontractorinridersorendorsementsattachedtoyourcontract.
AnnuityOptions Wemakeannuitypaymentsbasedontheannuityoptionyouelect.Whenyouelectanannuity
optionyoualsoelectamonganumberoffeatures,including,butnotlimitedto:duration,
numberofpayees,paymentstobeneficiaries,andwhetherpaymentswillbevariableand/or
fixedpayments.See“TheIncomePhase.”
InvestmentChoices Youcanchoosetoallocateyourpurchasepaymentsamongvariousinvestmentchoices.
Subjecttostateavailability,yourchoicesincludetheunderlyingfundsandonefixedaccount.
See“InvestmentChoices.”
Withdrawals Subjecttocertainrestrictions,youmayperiodicallymakepartialwithdrawalsofyour
contractvalue.Ifyoumakeafullwithdrawalofyourcontractvalue,allyourrightsunderthe
contractwillbeterminated.Incometaxes,taxpenaltiesandacontingentdeferredsales
charge(CDSC)mayapplytoanywithdrawalyourequest.See“Withdrawals,”“Expenses–
ContingentDeferredSalesCharge”and“Taxes.”
Transfers Subjecttocertainrestrictions,youmayperiodicallytransfercontractvalueamongavailable
investmentchoices.See“TransfersandTransferPrograms.”
DeathBenefit Abeneficiarymayreceiveabenefitintheeventofyourdeathpriortotheincomephase.
Oncetheincomephasecommences,paymentsupondeathmaybeavailabletobeneficiaries
dependingontheannuityoptionelected.See“DeathBenefit”and“TheIncomePhase.”
4
Fees Yourcontractvaluewillbesubjecttocertainfees.Thesechargeswillbereflectedinyour
contractvalueandmaybereflectedinanyannuitypaymentsyouchoosetoreceivefromthe
contract.See“Expenses”and“TableofFeesandExpenses.”
Taxation TheInternalRevenueCodeof1986,asamended(IRC),hascertainrulesthatapplytothe
contract.Thesetaxtreatmentsapplytoearningsfromthecontract,withdrawals,death
benefitsandannuityoptions.See“Taxes.”
TaxDeferral Youaregenerallynottaxedoncontractearningsuntilyoutakemoneyfromyourcontract.
Thisisknownastaxdeferral.Taxdeferralisautomaticallyprovidedbytax-qualified
retirementplans.Thereisnoadditionaltaxdeferralprovidedwhenavariableannuity
contractisusedtofundatax-qualifiedretirementplan.Investorsshouldonlyconsiderbuying
avariableannuitytofundaqualifiedplanfortheannuity’sadditionalfeaturessuchas
lifetimeincomepaymentsanddeathbenefitprotection.
GroupContracts Wemayissuethecontractasanindividualorgroupvariableannuitycontract.Inthosestates
whereweissueagroupcontract,weissuecertificatestoindividuals,andtheseindividualsare
consideredparticipants.Thecertificateissubjecttothetermsofthegroupcontractunder
whichweissuethecertificate.Youmaybecomeaparticipantunderthegroupcontractby
completinganapplicationandhavingitforwardedtousalongwithaninitialpayment.
Thecertificateweissueindicatestheparticipant’srightsandbenefitsunderthegroup
contract.Termsofthegroupcontractarecontrolling.
Theparticipant,asanowner,mayexerciseallrightsandbenefitsofthecertificatewithoutthe
consentofthegroupcontractowner.Unlesswestateotherwise,theownerofthecertificate
underagroupcontractandtheownerofanindividualcontracthavethesamerightsand
benefits.Asaresult,theterm“contract”meanseitheranindividualdeferredvariableannuity
oracertificateissuedunderthegroupdeferredvariableannuity.
RighttoCancelYour Youhavearighttoexamineyourcontract.Ifyouchangeyourmindaboutowningyour
Contract contract,youcangenerallycancelitwithintencalendardaysafterreceivingit.However,this
timeperiodmayvarybystate.See“RighttoCancelYourContract.”
OurClaims-Paying Anyguaranteeswemakeunderthecontractaresubjecttoourfinancialstrengthandclaims-
Ability payingability.See“OtherInformation–OurAbilitytoMakePaymentsUndertheContract.”
5
Table of Fees and Expenses
Thefollowingtablesdescribethefeesandexpensesyoupaywhenbuying,owning,andsurrenderingthecontract.Inaddition
tootherfeesandexpensesshownbelow,premiumtaxesmayalsoapply,butarenotreflectedbelow.
I. Thefirsttabledescribesthefeesandexpensesthatyouwillpayatthetimethatyoutransferthevaluebetween
investmentchoices,orsurrenderthecontract.Wedonotdeductasaleschargewhenwereceiveapurchasepayment,
butwemayassessacontingentdeferredsaleschargeasnotedbelow.
OwnerTransactionExpenses Current Maximum
TransferFee $0 Thelesserof
$20or2%ofthe
amount
transferred.
LoanOriginationFee $01 $351
ContingentDeferredSalesCharge
(asapercentageofamountwithdrawnorappliedtocertainannuityoptions2) 8% 8%
ContingentDeferredSalesChargeSchedule
ContractYear 1 2 3 4 5 6 7 8 9 10andlater
Percentage 8% 8% 7% 6% 5% 4% 3% 2% 1% 0%
1 Currently,wedonotdeductachargefromyourcontractifyoutakealoanunderyourcontract.However,wereservetherighttodeductachargenotto
exceed$35fromyourcontractvalueasaloanoriginationfeeshoulditbecomenecessaryforustoseekreimbursementforexpensesrelatedtothe
administrationofcontractloans.
2 SeeAnnuityOptionsEandFin“TheIncomePhase–AnnuityOptions.”
II. Thenexttabledescribesfeesandexpensesyouwillpayperiodicallyduringthetimeyouownthecontract,not
includingunderlyingfundfeesandexpenses.
PeriodicContractCharges Current Maximum
AnnualContractMaintenanceCharge $ 0 $ 60
SeparateAccountAnnualExpenses
(asapercentageofaverageaccountvalueintheseparateaccountonanannualizedbasis)
MortalityandExpenseRiskCharge 1.03% 1.25%
AdministrativeCharge 0.15% 0.25%
TotalSeparateAccountAnnualExpenses 1.18% 1.50%
AnnualFundOperating Expenses
Whileyouownthecontract,ifyourassetsareinvestedinanyofthesub-accounts,youwillbesubjecttothefeesandexpenses
chargedbythefundinwhichthatsub-accountinvests.Thetablebelowshowstheminimumandmaximumtotaloperating
expenseschargedbyanyofthefunds,expressedasapercentageofaveragenetassets,fortheyearendedDecember31,2017
(beforeanywaiversorreimbursements)1.Moredetailconcerningeachfund’sfeesandexpensesthatyoumayperiodicallybe
chargedduringthetimethatyouownthecontractiscontainedineachfundprospectus.Currentandfutureexpensesmaybe
higherorlowerthanthoseshown.
Charge Minimum Maximum
TotalAnnualFundOperatingExpensesthataredeductedfromfundassets,includingmanagementfees, 0.43% 1.75%
distribution,and/or12b-1fees,andotherexpenses.
1 Thefundexpensesusedtopreparethistablewereprovidedtousbythefunds.Wehavenotindependentlyverifiedsuchinformationprovidedtousbyfunds
thatarenotaffiliatedwithus.
Theinformationabovedescribesthefeesandexpensesyoupayrelatedtothecontract.Forinformationoncompensationwe
mayreceivefromthefundsandtheiradvisersandsub-advisers,see“InvestmentChoices–CompensationWeReceivefrom
Funds,AdvisersandSub-Advisers.”Forinformationoncompensationwepaytobroker-dealerssellingthecontract,see
“OtherInformation–Distribution.”
6
ExamplesUsingCurrent andMaximum Expenses
TheseExamplesareintendedtohelpyoucomparethecostofinvestinginthecontractwiththecostofinvestinginother
variableannuitycontracts.Thesecostsincludecontractownertransactionexpenses,contractfees,separateaccountannual
expenses,andfundfeesandexpenses.TheExamplesassumethatnoloanhasbeentaken.
ExampleIassumesthatyouwithdrawallyourcontractvalueattheendofeachyearshown.
ExampleIIassumesyoudonotwithdrawanyofyourcontractvalueattheendofeachyearshown,orthatyoudecidetobegin
theincomephaseattheendofeachyearshownandwedonotdeductacontingentdeferredsalescharge.(Currentlythe
incomephaseisnotavailableuntil30daysafteryoupurchaseyourcontract).
BothExampleIandExampleIIassume:
‰ thatyouinvest$10,000inthecontractforthetimeperiodsindicated,
‰ thatyouallocateittoasub-accountthathasa5%grossreturneachyear,
‰ thateitherthecurrentormaximumfeesandexpensesinthe“TableofFeesandExpenses”apply,and
‰ thatyouselectedoneoftwosub-accounts:
1)theonethatinvestsinthefundwiththemaximumtotaloperatingexpenses,or
2)theonethatinvestsinthefundwiththeminimumtotaloperatingexpenses.
ExamplesUsingCurrentExpenses. Basedontheaboveassumptions,yourcostswouldbeasshowninthefollowingtable.
Youractualcostsmaybehigherorlower.
ExampleI ExampleII
Years 1 3 5 10 1 3 5 10
Sub-Accountwithmaximumtotaloperatingexpenses $1,030 $1,569 $2,027 $3,219 $293 $897 $1,527 $3,219
Sub-Accountwithminimumtotaloperatingexpenses $ 908 $1,198 $1,395 $1,879 $161 $500 $ 861 $1,879
ExamplesUsingMaximumExpenses. Basedontheaboveassumptions,yourcostswouldbeasshowninthefollowing
table.Youractualcostsmaybehigherorlower.
ExampleI ExampleII
Years 1 3 5 10 1 3 5 10
Sub-Accountwithmaximumtotaloperatingexpenses $1,074 $1,703 $2,250 $3,670 $342 $1,041 $1,763 $3,670
Sub-Accountwithminimumtotaloperatingexpenses $ 953 $1,336 $1,631 $2,392 $210 $ 647 $1,111 $2,392
Theexamplesusingcurrentexpensesdonotreflectanannualcontractmaintenancecharge.Theexamplesusingmaximum
expensesreflecttheannualcontractmaintenancechargeof$60asanannualchargeof0.17%.
Theexamplesdonotreflectanypremiumtaxes.However,premiumtaxesmayapply.
Theexamplesshouldnotbeconsideredarepresentationofpastorfutureexpenses.Youractualexpensesmaybehigheror
lowerthanthoseshownintheexamples.Theassumed5%annualrateofreturnishypothetical.Actualreturnsmaybegreater
orlessthantheassumedhypotheticalreturn.
Thereisanaccumulationunitvaluehistoryin“AppendixA–CondensedFinancialInformation.”
Thereisinformationconcerningcompensationpaymentswemaketosalesrepresentativesinconnectionwiththesaleofthe
contractsin“OtherInformation–Distribution.”
7
The Company
Inthisprospectus,the“Company,”“we,”“us,”and“our”refertoC.M.LifeInsuranceCompany(C.M.Life).C.M.Lifeisa
whollyownedstocklifeinsurancesubsidiaryofMassachusettsMutualLifeInsuranceCompany(MassMutual).C.M.Life
provideslifeinsuranceandannuitiestoindividualsandgrouplifeinsurancetoinstitutions.MassMutualanditssubsidiaries
provideindividualandgrouplifeinsurance,disabilityinsurance,individualandgroupannuitiesandguaranteedinterest
contractstoindividualandinstitutionalcustomersinall50statesoftheU.S.,theDistrictofColumbiaandPuertoRico.
ProductsandservicesareofferedprimarilythroughMassMutual’sdistributionchannels:MassMutualFinancialAdvisors,
DirecttoConsumer,InstitutionalSolutionsandWorkplaceSolutions.
MassMutualisamutuallifeinsurancecompanydomiciledintheCommonwealthofMassachusetts.C.M.Life’shomeofficeis
locatedat100BrightMeadowBoulevard,Enfield,Connecticut06082-1981.
Ownership of the Contract
Owner
Inthisprospectus,“you”and“your”refertotheowner.Theownerisnamedattimeofapplication.Theownermustbean
individual,unlessthecontractisissuedunderIRCSection457(b),inwhichcasetheownermustbeanon-naturalentity.We
willnotissueacontracttoyouifyouhavepassedage85asofthedateweproposedtoissuethecontract.Themaximumissue
ageforthecontractandcertainofitsridersmaybereducedinconnectionwiththeofferofthecontractthroughcertain
broker-dealers.Youshoulddiscussthiswithyourregisteredrepresentative.
Astheownerofthecontract,youexerciseallrightsunderthecontract.Theownernamesthebeneficiary.
Ifyoupurchasedthecontractasatax-qualifiedcontract,yourrightsinthecontractmaybesubjecttorestrictionsunderthe
plandocuments.
Contractsunderqualifiedplans,includingsection457deferredcompensationplans,generallymustbeheldbytheplan
sponsororplantrustee.ExceptforTSAsandIRAs,anindividualcannotbetheownerofacontractheldtofundaqualified
plan.Therefore,theindividualscoveredbythequalifiedplanhavenoownershiprights.
Annuitant
Theannuitantisthepersononwhoselifewebaseannuitypayments.Youdesignatetheannuitantatthetimeofapplication.
Wewillnotissueacontracttoyouiftheproposedannuitanthaspassedage85asofthedateweproposedtoissuethecontract.
Inorderforthecontracttoqualifyasatax-shelteredannuityoranindividualretirementannuity,youmustbenamedasowner
andannuitant.Wewillusetheageoftheannuitanttodetermineallapplicablebenefitsunderacontractownedbyanon-
naturalperson.
Beneficiary
Thebeneficiaryistheperson(s)orentityyounametoreceiveanydeathbenefit.Younamethebeneficiaryatthetimeof
application.Youmaychangethebeneficiaryatanytimebeforeyoudie.Tochangeanirrevocablebeneficiary,wemust
receivewrittenauthorizationonourformingoodorderatourServiceCenterfromtheirrevocablebeneficiary.
IfyouaremarriedandyourcontractisissuedunderanERISAplan,yourabilitytonameaprimarybeneficiaryotherthanyour
spouseisrestricted.
Beneficiary IRA
Beneficiary,Inherited,Legacyor“Stretch”IRAsarealltermsusedtodescribeanIRAthatisusedexclusivelytodistribute
deathproceedsofanIRAorotherqualifiedinvestmenttothebeneficiaryoverthatbeneficiary’slifeexpectancyinorderto
meettherequiredminimumdistribution(RMD)rules.Uponthecontractowner’sdeathunderanIRAorotherqualified
contract,abeneficiary(ies)maygenerallyestablishaBeneficiaryIRAbyeitherpurchasinganewannuitycontractorinsome
circumstances,byelectingtheBeneficiaryIRApayoutoptionunderthecurrentcontract.Untilwithdrawn,amountsina
BeneficiaryIRAorotherqualifiedcontractcontinuetobetaxdeferred.Amountswithdrawneachyear,includingamountsthat
arerequiredtobewithdrawnundertheRMDrules,aresubjecttotax.Foralistoftheeligibilityrequirements/restrictions,see
“DeathBenefit–BeneficiaryIRAElection.”
8
Age
HowWe Determine Age of Annuitant,Owner andBeneficiary
Inthisprospectustheterm“age,”exceptwhendiscussedinregardstospecifictaxprovisions,isdefinedas“insuranceage,”
whichisaperson’sageonhis/herbirthdaynearestthedateforwhichtheageisbeingdetermined.Thismeanswecalculate
youragebasedonyournearestbirthday,whichcouldbeeitheryourlastbirthdayoryournext.Forexample,age80is
generallytheperiodoftimebetweenage79years,6monthsand1dayandage80and6months.
Additional Purchase Payments
WenolongerselltheMassMutualArtistryvariableannuitycontract.However,wedocontinuetoadministerexisting
contracts,andyoumaycontinuemakingadditionalpurchasepaymentstoyourcontract,subjecttothelimitsdescribedinthis
section.
Theminimumamountweacceptedforaninitialpurchasepaymentwas:
‰ $200bythefirstcontractanniversarydate,foracontractpurchasedwithsalaryreductionpayments;or
‰ $2,000foracontractpurchasedthroughadirectassettransferfromanotherfinancialinstitutionoroneofouraffiliates
orthroughnon-salaryreductionpayments.
Additionalpurchasepaymentscanbemadetothecontract.However,additionalpurchasepaymentsoflessthan$25are
subjecttoourapproval.
ForcontractsissuedonorafterMay1,2010,themaximumamountofcumulativepurchasepaymentsweacceptwithoutour
priorapprovalis$1.5million.
ForcontractsissuedpriortoMay1,2010,themaximumamountofcumulativepurchasepaymentsweacceptwithoutourprior
approvalisbasedonyouragewhenweissuedthecontract.Themaximumamountis:
‰ $1.5millionuptoage75;or
‰ $500,000ifolderthanage75oriftheownerisanon-naturalperson.
Ageisasofthenearestbirthday.Forexample,age80isgenerallytheperiodoftimebetweenage79years,6monthsand
1dayandage80and6months.See“Age.”
ForcontractsissuedinNewJersey,themaximumamountofcumulativepurchasepaymentsweacceptwithoutourprior
approvalis$1.5million.
Youcanmakeadditionalpurchasepayments:
‰ bymailingacheck,thatclearlyindicatesyournameandcontractnumber,toourlockbox:
FirstClassMail OvernightMail
MassMutualArtistry MassMutualArtistry
AnnuityPaymentServices AnnuityPaymentServices
MassMutualP.O.Box74908 350NorthOrleansStreet
Chicago,IL60675-4908 Receipt&Dispatch,8thFloor
Suite4908
Chicago,IL60654
‰ byWireTransfer
JPMorganChaseBank
NewYork,NewYork
ABA#021000021
C.M.LifeInsuranceCo.Account#323956297
Ref:AnnuityContract#
Name:(YourName)
9
YoumayalsosendpurchasepaymentstoourServiceCenter.Wehavetherighttorejectanyapplicationorpurchasepayment.
Allocation of Purchase Payments
Whenyoupurchasedyourcontract,weappliedyourpurchasepaymentamongtheinvestmentchoicesaccordingtothe
allocationinstructionsyouprovided.Ifyoumakeadditionalpurchasepaymentsanddonotprovidenewallocation
instructions,wewillapplyeachaccordingtotheallocationinstructionswehaveonrecord.Unlessweareinstructedotherwise,
wewillapplypurchasepaymentsmadebyyouremployerinaccordancewithyourpurchasepaymentallocationinstructionsin
effectatthetimewereceiveyouremployer’spurchasepayment.
Currently,thereisnolimittothenumberofinvestmentchoicesthatyoumayinvestinatanyonetime.However,wereservethe
righttolimitthenumberofinvestmentchoicesthatyoumayinvestintoamaximumof18investmentchoices(includingthe
fixedaccount)atanyonetimeintheeventadministrativeburdensrequiresuchalimitation.
OncewereceiveyourinitialpurchasepaymentandthenecessaryinformationingoodorderatourServiceCenterorlockbox,
wewillissueyourcontractandapplyyourinitialpurchasepaymentwithintwobusinessdays.Ifyoudonotgiveusallofthe
informationweneed,wewillnotifyyou.Whenwereceiveallofthenecessaryinformation,wewillthenapplyyourinitial
purchasepaymentwithintwobusinessdays.Ifforsomereasonweareunabletocompletethisprocesswithinfivebusiness
days,wewilleithersendbackyourmoneyorgetyourpermissiontokeepituntilwereceiveallofthenecessaryinformation.
Ifadditionalpurchasepaymentsaremadetoyourcontract,wewillcredittheseamountstoyourcontractonthebusinessday
wereceivethemandallnecessaryinformationingoodorderatourServiceCenterorlockbox.Ifwereceiveyourpurchase
paymentatourServiceCenterorlockboxonanon-businessdayorafterthebusinessdaycloses,wewillcredittheamountto
yourcontracteffectivethenextbusinessday.OurbusinessdaycloseswhentheNewYorkStockExchange(NYSE)closes,
usually4:00p.m.EasternTime.
Replacement of Life Insurance or Annuities
A“replacement”occurswhenanewpolicyorcontractispurchasedand,inconnectionwiththesale,anexistingpolicyor
contractissurrendered,lapsed,forfeited,assignedtothereplacinginsurer,otherwiseterminated,orusedinafinanced
purchase.A“financedpurchase”occurswhenthepurchaseofanewlifeinsurancepolicyorannuitycontractinvolvestheuseof
fundsobtainedfromthevaluesofanexistinglifeinsurancepolicyorannuitycontractthroughwithdrawal,surrenderorloan.
Therearecircumstancesinwhichreplacingyourexistinglifeinsurancepolicyorannuitycontractcanbenefityou.Asa
generalrule,however,replacementisnotinyourbestinterest.Accordingly,youshouldmakeacarefulcomparisonofthe
costsandbenefitsofyourexistingpolicyorcontractandtheproposedpolicyorcontracttodeterminewhetherreplacementis
inyourbestinterest.Youshouldbeawarethatthepersonsellingyouthenewpolicyorcontractwillgenerallyearna
commissionifyoubuythenewpolicyorcontractthroughareplacement.Rememberthatifyoureplaceapolicyorcontract
withanotherpolicyorcontract,youmighthavetopayasurrenderchargeonthereplacedpolicyorcontract,andtheremaybe
anewsurrenderchargeperiodforthenewpolicyorcontract.Inaddition,otherchargesmaybehigher(orlower)andthe
benefitsmaybedifferent.
Ifyoupurchasethecontractdescribedinthisprospectusinexchangeforanexistingpolicyorcontractfromanothercompany,
wemaynotreceiveyourinitialpurchasepaymentfromtheothercompanyforasubstantialperiodoftimeafterwereceive
yoursignedapplication.
Youshouldalsonotethatonceyouhavereplacedyourvariablelifeinsurancepolicyorannuitycontract,yougenerallycannot
reinstateitevenifyouchoosenottoacceptyournewvariablelifeinsurancepolicyorannuitycontractduringyour“freelook”
period.Theonlyexceptiontothisrulewouldbeifyourpreviouslyissuedcontractwasissuedinastatethatrequiresthe
insurertoreinstatethepreviouslysurrenderedpolicyorcontractiftheownerchoosestorejecttheirnewvariablelifeinsurance
policyorannuitycontractduringthe“freelook”period.
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