MassMutual Stable Voyage MYGA Review (October 2026): 5.40%-5.65% for 3 to 5 Years
Written & reviewed by Hans Goldstein, EA, independent licensed insurance producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Rates verified on MassMutual's rate sheet effective 10/05/2026 · Updated
MassMutual Stable Voyage pays 5.40% (3-year), 5.45% (4-year) and 5.65% (5-year) on $100,000 or more, and 5.15%-5.40% under $100,000, per MassMutual's rate sheet effective October 5, 2026. Minimum $10,000, surrender charges no higher than 7%, and 10% a year free. The 2.45% figure seen elsewhere was the contract's minimum guaranteed floor for early 2026, not the rate paid.
Also see: MassMutual Stable Voyage MYGA Review
Correction: this page previously said Stable Voyage paid a "2.45% guaranteed rate" and called it uncompetitive. That 2.45% was the contract's minimum guaranteed interest rate for the first half of 2026, not the rate MassMutual pays new buyers. The actual declared rates are below.
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 5.00%, the top nationally available 5-year CD (Bankrate, October 14, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $121,081 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $5,055 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Stable Voyage rates (effective October 5, 2026)
| Guarantee period | $100,000 or more | Under $100,000 |
|---|---|---|
| 3 years | 5.40% | 5.15% |
| 4 years | 5.45% | 5.20% |
| 5 years | 5.65% | 5.40% |
| 1-year renewal rate | 2.75% | 2.75% |
For comparison, A-rated-or-better insurers were paying about 5.50% to 6.05% on 5-year MYGAs and the best nationally available 5-year CDs about 4.70% to 5.00% APY (MYGAs: public carrier rate sheets, October 14, 2026; CDs: Bankrate and Popular Direct, October 18, 2026).
Rates expire like milk.
The best MYGA, CD and savings rates change every few weeks. Get a short email when a rate on this page changes.
We’ll email you when a rate on this page changes. Hans Goldstein · NPN 20602398.
Rather talk it through? Or book 15 minutes on Hans’s calendar.
Contract basics
| Feature | Stable Voyage |
|---|---|
| Type | Single premium deferred fixed annuity (MYGA), issued by Massachusetts Mutual Life Insurance Company |
| Premium | $10,000 minimum; $1.5 million maximum without home office approval |
| Owner issue ages | 18 (or age of majority) to 85 |
| Surrender charges | 3-yr 7/7/7%; 4-yr 7/7/7/6%; 5-yr 7/7/7/6/5% |
| Free withdrawal | Up to 10% of contract value each contract year; RMDs from qualified contracts above that are not charged |
| Waivers | Terminal illness; nursing home and hospital waiver (not available in California) |
| At the end of the term | Renew for a new guarantee period, withdraw without a surrender charge, or start annuity payments |
Who it fits
Savers who want a short (3-5 year) fixed rate from a mutual insurer and value its lower 7%-and-down surrender schedule over the last 0.15%-0.35% of yield. If maximum rate is the goal, compare it with other A-rated MYGAs first.
$250,000 for 5 years: Stable Voyage vs a CD
Hypothetical, 24% federal bracket, state tax ignored: at 5.65% tax-deferred, $250,000 grows to about $329,100, or about $310,100 after tax on the gain at the end. A 5-year CD at 4.50% APY taxed yearly ends near $295,800, about $14,300 less.
Current MYGA rates · Annuity vs CD · Best 5-year MYGA rates
Frequently asked questions
What are MassMutual Stable Voyage rates?
MassMutual's rate sheet effective October 5, 2026: $100,000 or more earns 5.40% (3-year), 5.45% (4-year) and 5.65% (5-year); under $100,000 earns 5.15%, 5.20% and 5.40%. The 1-year renewal rate is 2.75%.
Is Stable Voyage really paying only 2.45%?
No. 2.45% was the Minimum Guaranteed Interest Rate (MGIR) for guarantee periods beginning January 1 to June 30, 2026, a contractual floor, not the rate new buyers get. For periods beginning July 1 to December 31, 2026 the MGIR is 2.75% (2.60% for New York contracts issued on or after 1/7/2019). An earlier version of this page confused the two.
What is the minimum for Stable Voyage?
$10,000, qualified or nonqualified. Maximum $1.5 million without MassMutual home office approval. Owner issue ages 18 (or age of majority) to 85.
What are the Stable Voyage surrender charges?
3-year: 7%, 7%, 7%. 4-year: 7%, 7%, 7%, 6%. 5-year: 7%, 7%, 7%, 6%, 5%. Up to 10% of contract value can be withdrawn each contract year without a surrender charge.
How does Stable Voyage compare with other MYGAs?
At $100,000+ the 5-year 5.65% is a little below the 5.50%-6.05% A-rated range on October 14, 2026. What you get for that gap is MassMutual, a mutual company, and a shorter, lower surrender schedule than many competitors.
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398). Not affiliated with MassMutual. Rates are copied from the carrier documents named, with their effective dates; they change often and vary by state and premium. Confirm current rates and read the contract and disclosure before buying. Examples labelled hypothetical are illustrations, not quotes.
Quoted Stable Voyage? See it next to the market
Talk to Hans Goldstein, a licensed independent insurance producer.
Tell me the amount and term. You get Stable Voyage next to other A-rated MYGAs available in your state, surrender terms included.
Send your details. Within one business day you get a written side-by-side sized to your dollar amount, and a free 15-minute call if you want one.
Comparing this MYGA against others? Request a free, independent second opinion on the quote you have, or see this month's best MYGA rates.
Rather talk it through? Or book 15 minutes on Hans’s calendar, or call 213-414-2808.
Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
We’ll email it to you. Hans replies within one business day. Privacy Policy.
Disclosure
This review is based on the carrier's public product materials and rates as of the date shown above. Annuity rates, caps, participation rates, payout factors, crediting methods, and long-term care benefit structures change often, sometimes monthly. Confirm current figures in the latest carrier disclosure and the contract before you buy. This is general education, not a personal recommendation or an offer of any product. Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398) appointed with several A-rated carriers. His appointment with the carrier reviewed here may vary, and this review is not an endorsement. No carrier paid for this review. Always read the actual contract and consult a licensed advisor before purchasing any annuity or long-term care insurance product. Past index performance does not predict future credited interest. Annuities and hybrid life+LTC policies are long-term contracts with surrender charges; they are not suitable for funds you may need before the end of the surrender period. AM Best ratings and tax treatment are subject to change. Tax discussion of IRC §7702B, §1035, and the Pension Protection Act of 2006 reflects law as of 2026 and is subject to change.