NU Online News Service, Sept. 17, 2004, 3:53 p.m. EDT

Massachusetts Mutual Life Insurance Company, Springfield, Mass., has introduced a fixed deferred annuity.[@@]

The product, the Odyssey Plus annuity, offers free access to earned interest and a choice of partial or full annuitization starting in the 13th month after a contract is issued.

The annuity also offers a principal guarantee and a 2-year rate guarantee, MassMutual says.