NU Online News Service, March 1, 2004, 2:45 p. m. – Massachusetts Mutual Life Insurance Company, Hartford, Conn., has introduced a variable annuity aimed at producing a continuous stream of income for the investor.
The company says it is marketing the product, MassMutual Evolution, to investors nearing retirement by offering them a combination of accumulation and income benefits. The product offers more than 40 investment options, including variable funds, an asset allocation program using professional investment research, and death and living benefits.