MassMutual EnvisionSM Variable Annuity
Issued by Massachusetts Mutual Life Insurance Company
Massachusetts Mutual Variable Annuity Separate Account 4
Updating Summary Prospectus – April 27, 2026
This Summary Prospectus summarizes key features of the MassMutual EnvisionSM Variable Annuity (Contract), an individual variable deferred annuity contract with flexible premium payments offered by Massachusetts Mutual Life Insurance Company (‘‘MassMutual®,’’ ‘‘Company,’’ ‘‘we,’’ ‘‘us’’).
The statutory prospectus for the MassMutual Envision Variable Annuity contains more information about the Contract, including its features, benefits, and risks. You can find the current statutory prospectus and other information about the Contract online at www.MassMutual.com/Envision. You can also obtain this information at no cost by calling (800) 272-2216 or sending an email request to ANNfax@MassMutual.com.
Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission staff and is available at www.investor.gov.
The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this Summary Prospectus. Any representation to the contrary is a criminal offense.
1
Accumulation Phase. Your Contract’s Accumulation Phase begins on the date we issue your Contract and ends on the Annuity Date, the date you withdraw all of your Contract Value, or the date your Contract terminates.
Age. The attained Age of any Owner or that of any Annuitant or Beneficiary, as applicable, at his or her last birthday, except with respect to fixed annuity payout rates. If the Contract is owned by a non-natural person (e.g., a corporation, trust or other entity), then Age shall mean the attained Age of any Annuitant at his/her last birthday, except with respect to fixed annuity payout rates. If you have elected an Income Guarantee Feature, this definition of Age also applies to the Covered Person. For the purpose of calculating Annuity Payments, Age will be determined based on each Annuitant’s nearest birthday on the Annuity Date. For example, Age 65 is considered the period of time between age 64 years, 6 months and one day, and age 65 years and 6 months.
Annual Lifetime Benefit Amount (ALBA). The maximum amount that may be withdrawn after the Guaranteed Lifetime Withdrawal Date in the current Contract Year without being considered an Excess Withdrawal while an Income Guarantee Feature is in effect.
Annuitant. The person(s) on whose life Annuity Payments are based, with the exception of the period certain Annuity Option. The term Annuitant shall also include the joint Annuitant, if any. The Annuitant has no rights to the Contract.
Annuity Date. The date Annuity Payments begin. The latest date that the Contract Value may be applied to provide Annuity Payments is set forth in “The Annuity Phase – Latest Permitted Annuity Date.”
Annuity Options. Options available for Annuity Payments.
Annuity Payments. A series of payments that will be made pursuant to the Annuity Option you elect.
Annuity Phase. The period which begins on the Annuity Date and ends with the last Annuity Payment.
Beneficiary. The person(s) or entity(ies) that you designated to receive the death benefit provided by the Contract.
Benefit Base. The amount we use to determine your ALBA while an Income Guarantee Feature is in effect.
Company. Massachusetts Mutual Life Insurance Company, which may also be referred to in this prospectus as “we,” “us,” or “our.”
Contingent Deferred Sales Charge (CDSC). A charge that may be assessed against each Purchase Payment you withdraw from the Contract.
Contract. The MassMutual Envision Variable Annuity; an individual variable deferred annuity contract with flexible premium payments.
Contract Anniversary. An anniversary of the Issue Date of the Contract.
Contract Value. The sum of your value in the Sub-Accounts and in the DCA Fixed Account during the Accumulation Phase.
Contract Year. The first Contract Year is the annual period which begins on the Issue Date and ends on the last calendar day before the first Contract Anniversary. Subsequent Contract Years begin on subsequent Contract Anniversaries.
Covered Person. The person(s) whose life is used to determine the duration of the ALBA provided under an Income Guarantee Feature.
2
Excess Withdrawal. Under any of the optional Income Guarantee Features, an Excess Withdrawal is:
| (a) | prior to the Guaranteed Lifetime Withdrawal Date, any withdrawal, including the Free Withdrawal Amount, and |
| (b) | on or after the Guaranteed Lifetime Withdrawal Date, any portion of a withdrawal (including CDSCs applicable to the withdrawal) that causes the cumulative withdrawals to exceed the ALBA in that Contract Year and any withdrawal that occurs after the cumulative withdrawals exceed the ALBA in that Contract Year, unless the withdrawal is taken as a part of the Company’s Systematic Withdrawal Program established for the payment of RMDs, under which the RMD is calculated by the Company for the current calendar year based solely on the fair market value of the Contract as defined in IRC Section 401(a)(9) and no other withdrawals are taken within the Contract Year. |
Free Withdrawal Amount. An amount of your Purchase Payment(s) that you may withdraw that is not subject to the CDSC.
Fund. An investment entity into which the assets of a Sub-Account will be invested.
General Account. The Company’s General Investment Account, which supports the Company’s annuity and insurance obligations. The General Account’s assets include all of our assets, with the exception of the Separate Account and the Company’s other segregated asset accounts.
Good Order. An instruction or transaction request that we receive at our Service Center generally is considered in ‘‘Good Order’’ if:
| (1) we receive it within the time limits, if any, prescribed in this prospectus for a particular request or transaction; |
| (2) it includes all information necessary for us to execute the request or transaction; and |
| (3) it is signed by you or persons authorized to provide instruction to engage in the request or transaction. |
A request or transaction may be rejected or delayed if not in Good Order. Good Order generally means the actual receipt by our Service Center of the instructions related to the request or transaction in writing (or, when permitted, by telephone, fax or Internet) along with all forms, information and supporting legal documentation we require to effect the request or transaction. This information generally includes to the extent applicable: the completed application or instruction form; your Contract number; the transaction amount (in dollars or percentage terms); the names and allocation to and/or from the Sub-Accounts affected by the request or transaction; the signatures of all Owners; if necessary, Social Security Number or Tax Identification number; tax certification; and any other information or supporting documentation we may require including consents, certifications and guarantees. Instructions must be complete and sufficiently clear so that we do not need to exercise any discretion to follow such instructions. We will not accept instructions that require additional requirements or burdens not provided for within the Contract. With respect to Purchase Payments, Good Order also generally includes receipt by us of sufficient funds to affect the purchase. We may, in our sole discretion, determine whether any particular request or transaction is in Good Order, and we reserve the right to change or waive any Good Order requirements at any time. If you have any questions you may contact our Service Center before submitting the form or request. See ‘‘Purchasing a Contract – Sending Requests in Good Order’’ for more information.
Guaranteed Lifetime Withdrawal Date. The date on which the Company guarantees the Withdrawal Rate and Lifetime Guarantee Rate for MassMutual RetirePaySM and the initial Withdrawal Rate and initial Lifetime Guarantee Rate for MassMutual RetireCoreSM and MassMutual RetireCore Stacking, and on which you may begin receiving payments of the ALBA while an Income Guarantee Feature is in effect. This date cannot be prior to the youngest Covered Person attaining age 59½.
Highest Quarterly Value (HQV) Death Benefit. The greater of the Contract Value and the Highest Quarterly Value, determined as of the Close of Business on the Business Day on which we receive both due proof of death and an election of the payment method in Good Order at our Service Center. See “Death Benefit – Death Benefit Amount During the Accumulation Phase – Highest Quarterly Value (HQV) Death Benefit.”
Income Guarantee Feature(s). Three optional guaranteed lifetime withdrawal benefits available, at Contract issue, for an additional charge – RetirePay, RetireCore, and RetireCore Stacking.
Income Guarantee Feature Charge. An amount that is deducted from your Contract Value should you elect an optional Income Guarantee Feature.
Issue Date. The date the Contract became effective, as shown in the Contract schedule.
Lifetime Guarantee Rate. A percentage we multiply by the Benefit Base to determine the ALBA once the Contract enters the Settlement Phase while an Income Guarantee Feature is in effect. For Contracts issued in New York, the Withdrawal Rate applies prior to and during the Settlement Phase while an Income Guarantee Feature is in effect and all references to “Lifetime Guarantee Rate” are replaced with “Withdrawal Rate.”
Owner. The person(s) or entity (“you” and “your”) entitled to the ownership rights stated in the Contract. The term Owner also shall include the joint Owner, if any.
Purchase Payment. Any amount paid to us by you or on your behalf with respect to the Contract during the Accumulation Phase. Purchase Payments may not be added after the Annuity Date. Restrictions will apply if an Income Guarantee Feature is in effect.
Qualified Contract. Your Contract is referred to as a Qualified Contract if it is used to fund a qualified plan such as an Individual Retirement Annuity (IRA) or Roth IRA.
Rate Sheet Prospectus Supplement. A periodic supplement to the information contained in the prospectus which sets forth the Withdrawal Rates, Lifetime Guarantee Rates, current Income Guarantee Feature Charges, Roll-Up Percentages, if applicable, and investment allocation restrictions under an Income Guarantee Feature.
3
Return of Purchase Payment (ROP) Death Benefit. The greater of the Contract Value or the total Purchase Payments reduced by an adjustment for any withdrawals, determined as of the Close of Business on the Business Day on which we receive both due proof of death and an election of the payment method in Good Order at our Service Center. See “Death Benefit – Death Benefit Amount During the Accumulation Phase – Return of Purchase Payment Death Benefit.”
Settlement Phase. When the Contract Value is reduced to zero due to a withdrawal that is not an Excess Withdrawal or due to the application of any charges against Contract Value while an Income Guarantee Feature is in effect.
Separate Account. The account that holds the assets underlying the Contract that are not allocated to the DCA Fixed Account. The assets of the Separate Account are kept separate from the assets of the General Account and the Company’s other separate accounts.
Service Center. MassMutual, Document Management Services – Annuities W360, PO Box 9067, Springfield, MA 01102-9067, (800) 272-2216, (fax) (866) 329-4272, (email) ANNfax@MassMutual.com, www.MassMutual.com. (Overnight mail address: MassMutual, Document Management Services – Annuities W360, 1295 State Street, Springfield, MA 01111-0001.)
Sub-Account(s). Separate Account assets are divided into Sub-Accounts, which are listed on the Contract schedule. The assets of each Sub-Account will be invested in the shares of a single Fund.
Withdrawal Rate. A percentage we multiply by the Benefit Base to determine the ALBA prior to the Settlement Phase while an Income Guarantee Feature is in effect. For Contracts issued in New York, the Withdrawal Rate applies prior to and during the Settlement Phase while an Income Guarantee Feature is in effect.
4
Updated Information About Your Contract
The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since April 28, 2025. This may not reflect all changes that have occurred since you purchased your Contract.
Fund Liquidation
Vest US Large Cap 10% Buffer Strategies VI Fund was liquidated after the close of the New York Stock Exchange on December 15, 2025.
Fund Substitutions
|
Existing Fund (Share Class) |
Replacement Fund (Share Class) |
|
Invesco V.I. Discovery Mid Cap Growth Fund (Series II) |
MML Invesco Discovery Mid Cap Fund (Service Class I) |
Fund Additions
MML VIP American Funds 80/20 Allocation Fund
MML VIP BlackRock® Equity Index Fund
MML VIP Invesco Discovery Large Cap Fund
Fund Name Changes
|
Current Fund Name |
New Fund Name |
|
Invesco Oppenheimer V.I. International Growth Fund |
Invesco V.I. International Growth Fund |
|
Macquarie VIP Asset Strategy Series |
Nomura VIP Asset Strategy Series |
|
Macquarie VIP Growth Series |
Nomura VIP Growth Series |
|
MML Aggressive Allocation Fund |
MML VIP Aggressive Allocation Fund |
|
MML American Funds Core Allocation Fund |
MML VIP American Funds 65/35 Allocation Fund |
|
MML American Funds Growth Fund |
MML VIP American Funds Growth Fund |
|
MML Balanced Allocation Fund |
MML VIP Balanced Allocation Fund |
|
MML Blend Fund |
MML VIP BlackRock® Balanced Fund |
|
MML Blue Chip Growth Fund |
MML VIP T. Rowe Price Blue Chip Growth Fund |
|
MML Conservative Allocation Fund |
MML VIP Conservative Allocation Fund |
|
MML Equity Fund |
MML VIP Franklin Templeton Equity Fund |
|
MML Equity Income Fund |
MML VIP T. Rowe Price Equity Income Fund |
|
MML Fundamental Equity Fund |
MML VIP Invesco Main Street Equity Fund |
|
MML Global Fund |
MML VIP Invesco Global Fund |
|
MML Growth Allocation Fund |
MML VIP Growth Allocation Fund |
|
MML Inflation-Protected and Income Fund |
MML VIP Barings Inflation-Protected and Income Fund |
5
|
Current Fund Name |
New Fund Name |
|
MML International Equity Fund |
MML VIP MFS International Equity Fund |
|
MML Invesco Discovery Mid Cap Fund |
MML VIP Invesco Discovery Mid Cap Fund |
|
MML iShares® 60/40 Allocation Fund |
MML VIP BlackRock iShares® 60/40 Fund |
|
MML iShares® 80/20 Allocation Fund |
MML VIP BlackRock iShares® 80/20 Fund |
|
MML Large Cap Growth Fund |
MML VIP Loomis Sayles Large Cap Growth Fund |
|
MML Managed Bond Fund |
MML VIP Barings Core Bond Fund |
|
MML Managed Volatility Fund |
MML VIP JPMorgan U.S. Research Enhanced Equity Fund |
|
MML Mid Cap Growth Fund |
MML VIP T. Rowe Price Mid Cap Growth Fund |
|
MML Mid Cap Value Fund |
MML VIP American Century Mid Cap Value Fund |
|
MML Moderate Allocation Fund |
MML VIP Moderate Allocation Fund |
|
MML Short-Duration Bond Fund |
MML VIP Barings Short-Duration Bond Fund |
|
MML Small Cap Equity Fund |
MML VIP Invesco Small Cap Equity Fund |
|
MML Small Cap Growth Equity Fund |
MML VIP Wellington Small Cap Growth Equity Fund |
|
MML Small Company Value Fund |
MML VIP American Century Small Company Value Fund |
|
MML Total Return Bond Fund |
MML VIP Fidelity Institutional AM® Core Plus Bond Fund |
|
MML U.S. Government Money Market Fund |
MML VIP Barings U.S. Government Money Market Fund |
Sub-Adviser Changes
FIAM LLC replaced Metropolitan West Asset Management, LLC as the sub-adviser to the MML VIP Fidelity Institutional AM® Core Plus Bond Fund (formerly formerly MML Total Return Bond Fund).
Harris Associates L.P. no longer serves as a sub-adviser to the MML VIP MFS International Equity Fund (formerly MML International Equity Fund).
J.P. Morgan Investment Management Inc. replaced Gateway Investment Advisers, LLC as the subadviser to the MML VIP JPMorgan U.S. Research Enhanced Equity Fund (formerly MML Managed Volatility Fund).
Macquarie Investment Management Global Limited no longer serves as sub-adviser to the Nomura VIP Growth Series (formerly Macquarie VIP Growth Series).
Nomura Investment Management Austria Kapitalanlage AG and Macquarie Investment Management Global Limited will now serve as the sub-advisers to the Nomura VIP Asset Strategy Series (formerly Macquarie VIP Asset Strategy Series).
Updates to Annual Contribution Levels
Annual contribution limits for certain Qualified Contracts have been updated.
6
Important Information You Should Consider About the Contract
|
FEES, EXPENSES, AND ADJUSTMENTS |
LOCATION IN PROSPECTUS | |||
|
Are There Charges or Adjustments for Early Withdrawals? |
Yes.
If you withdraw money from your Contract within seven years
following your last Purchase Payment, you may be assessed a
Contingent Deferred Sales Charge (“CDSC”) of up to 7% of the value
of the Purchase Payment withdrawn (less a 10% Free Withdrawal
Amount), declining to 0% after the seventh year. |
Charges and Deductions – Contingent Deferred Sales Charge (CDSC) | ||
|
Are There Transaction Charges? |
No. Currently, we do not assess any transaction charges. |
Charges and Deductions | ||
7
|
FEES, EXPENSES, AND ADJUSTMENTS |
LOCATION IN PROSPECTUS | |||
|
Are There Ongoing Fees and Expenses? |
Yes. The table below describes the fees and expenses that you may pay each year, depending on the investment options and optional benefits you choose. Please refer to your Contract specifications page(s) for information about the specific fees you will pay each year based on the options you have elected. |
Charges and Deductions | ||
|
Annual Fee |
Minimum |
Maximum |
||
|
Base Contract |
1.32%(1) |
1.32%(1) |
||
|
Fund fees and expenses |
0.52%(2) |
1.43%(2) |
||
|
Optional
benefits available |
0.30%(3) |
See
Rate |
||
|
Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the Contract, which could result in the assessment of CDSCs that substantially increase costs. |
| |||
|
Lowest Annual Cost: |
Highest Annual Cost:(5) |
|||
|
$1,604 |
$4,001 |
|||
|
Assumes: •
Investment of $100,000 •
5% annual appreciation •
Least expensive combination of Contract Share Classes and Fund fees and expenses •
No optional benefits •
No CDSC •
No additional Purchase Payments, transfers, or withdrawals |
Assumes: •
Investment of $100,000 •
5% annual appreciation •
Most expensive combination of Contract Share Classes, optional benefits and Fund fees and expenses •
No CDSC •
No additional Purchase Payments, transfers, or withdrawals |
|||
| (1) | Represents the mortality and expense risk charge and administrative charge (charged as a percentage of average account value in the Separate Account on an annualized basis) and the annual contract maintenance charge (a fixed dollar amount that may be waived for certain Contract Value amounts) collected during the Contract Year that are attributable to the Contract divided by the total average net assets that are attributable to the Contract. |
| (2) | As a percentage of Fund assets. |
| (3) | This charge is the lowest current charge for an optional benefit available with this contract. It is the current charge for the HQV Death Benefit. |
| (4) | This prospectus uses the Rate Sheet Prospectus Supplement to describe the maximum current charge you would pay for a single optional benefit, if elected. The current charge for each of the optional Income Guarantee Features are the same and represent the maximum current charge for an optional benefit available with this contract. See the applicable Rate Sheet Prospectus Supplement for the current charges for the Income Guarantee Features. |
| (5) | The calculation of the current highest annual cost assumes election of an Income Guarantee Feature. |
8
|
RISKS |
LOCATION IN PROSPECTUS | |||
|
Is There a Risk of Loss from Poor Performance? |
Yes. You can lose money by investing in the Contract, including loss of principal. |
Principal Risks of Investing in the Contract | ||
|
Is This a Short-Term Investment? |
No. •
The Contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash. •
CDSCs may apply for up to seven years following your last Purchase Payment. •
If CDSCs apply, they will reduce the value of your Contract if you withdraw money during the CDSC period. The benefits of tax deferral also mean the Contract is more beneficial to investors with a long-time horizon. •
Withdrawals may result in income taxes and premature distribution taxes. |
Principal Risks of Investing in the Contract | ||
|
What are the Risks Associated with the Investment Options? |
•
An investment in the Contract is subject to the risk of poor investment performance of the Funds you choose and can vary depending upon the performance of the Funds available under the Contract. •
Each Fund and fixed account has its own unique risks. •
You should review the investment options, including prospectuses for the available Funds and the terms of any fixed account, before making an investment decision. |
Principal Risks of Investing in the Contract | ||
|
What are the Risks Related to the Insurance Company? |
•
Any obligations (including under any fixed account), guarantees, and benefits of the Contract are subject to the claims-paying ability of MassMutual. If MassMutual experiences financial distress, it may not be able to meet its obligations to you. More information about MassMutual, including its financial strength ratings, is available at www.MassMutual.com/ratings. |
Principal Risks of Investing in the Contract | ||
9
|
RESTRICTIONS |
LOCATION IN PROSPECTUS | |||
|
Are There Restrictions on the Investment Options? |
Yes. •
MassMutual reserves the right to remove or substitute Funds as investment options available under the Contract. •
We reserve the right to limit transfers if frequent or large transfers occur. •
We reserve the right to reject subsequent Purchase Payments into the DCA Fixed Account to establish a DCA Term or into a current DCA Term. •
While an Income Guarantee Feature is in effect, the investment options available to you are restricted. Please see the current Rate Sheet Prospectus Supplement or Appendix H in the prospectus depending upon your Issue Date to see the investment options available to you while an Income Guarantee Feature is in effect. •
If you have elected the HQV Death Benefit, the investment options available to you may be restricted. |
General
Information about Massachusetts
Mutual Life Insurance
Company, the Separate
Account and the Investment
Options – The Funds | ||
10
|
RESTRICTIONS |
LOCATION IN PROSPECTUS | |||
|
Are There Any Restrictions on Contract Benefits? |
Yes. •
You may not elect the HQV Death Benefit if you elect an Income Guarantee Feature. •
Your Contract will be subject to investment allocation restrictions while an Income Guarantee Feature is in effect. This means you will be limited in your choice of Sub-Account investments, and may be limited in how much you can invest in certain Sub-Accounts. We impose these allocation restrictions to reduce the risk of investment losses that may require us to use our General Account assets to honor the guarantees under the Income Guarantee Features. •
If you have elected an Income Guarantee Feature, withdrawals that are prior to the Guaranteed Lifetime Withdrawal Date are Excess Withdrawals. On or after the Guaranteed Lifetime Withdrawal Date, the portion of a withdrawal (including CDSCs) from the Contract Value that causes the cumulative withdrawals to exceed the ALBA in that Contract Year will be an Excess Withdrawal unless the withdrawal is taken as a part of the Company’s Systematic Withdrawal Program established for the payment of RMDs, under which the RMD is calculated by the Company and no other withdrawals are taken within the Contract Year. Any withdrawal that occurs after the cumulative withdrawals exceed the ALBA in that Contract Year will also be an Excess Withdrawal. Excess Withdrawals can result in a significant reduction or elimination of your Benefit Base, depending upon the amount of the withdrawal. An Excess Withdrawal will also reduce the Roll-Up Base for RetireCore and RetireCore Stacking, and the Roll-Up Value for RetireCore. •
After the first Contract Year, you may not make additional Purchase Payments that total more than $10,000 in a Contract Year while RetirePay is in effect, and $25,000 in a Contract Year while either RetireCore or RetireCore Stacking are in effect. You may not make additional Purchase Payments on or after the Guaranteed Lifetime Withdrawal Date while an Income Guarantee Feature is in effect or after you elect the Income Guarantee Feature Charge Increase Opt-Out. •
Once you select a death benefit, it cannot be canceled or changed. •
Withdrawals (including withdrawals of the ALBA if an Income Guarantee Feature is in effect) will negatively impact the ROP Death Benefit. •
Withdrawals will negatively impact the HQV Benefit. •
If you elect the HQV Death Benefit, once the Contract Anniversary after the oldest Owner (or oldest Annuitant, if the Contract is owned by a non-natural person) attains age 80 has occurred, the Annual Lock-In Feature (ALIF) will no longer recalculate on each Contract Anniversary. The ALIF will remain as the last calculated ALIF adjusted by subsequent Purchase Payments and withdrawals. |
Additional
Benefits – Income Guarantee
Features | ||
11
|
TAXES |
LOCATION IN PROSPECTUS | |||
|
What are the Contract’s Tax Implications? |
•
You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Contract. •
If your Contract is funding a qualified retirement plan or individual retirement annuity (IRA), you do not receive any additional tax benefit. •
Earnings on your Contract are taxed at ordinary income tax rates when you withdraw them, and you may have to pay an additional income tax if you take a withdrawal before age 59½. Earnings for this purpose consist of Contract Value in excess of your after-tax investment (cost basis) in the Contract. |
Taxes | ||
|
CONFLICTS OF INTEREST |
LOCATION IN PROSPECTUS | |||
|
How are Investment Professionals Compensated? |
•
Your registered representative may receive compensation, in the form of commissions, for selling the Contract to you. If your registered representative is also a MassMutual insurance agent, they are also eligible for certain cash and non-cash benefits from MassMutual. Cash compensation includes bonuses and allowances based on factors such as sales, productivity and persistency (contract retention). Non-cash compensation includes various recognition items such as prizes and awards as well as attendance at, and payment of the costs associated with attendance at, conferences, seminars and recognition trips, and also includes contributions to certain individual plans such as pension and medical plans. Sales of the Contract may help these registered representatives and their supervisors qualify for such benefits. •
This conflict of interest may influence your registered representative to offer or recommend the Contract over another investment. |
Distribution | ||
|
Should I Exchange my Contract? |
•
In general you should be aware that some investment professionals may have a financial incentive to offer you a new contract in place of the one you already own. Thus, in general, you should only exchange your annuity contract if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate your existing contract, that it is preferable for you to purchase the new annuity rather than continue to own the existing annuity. |
Purchasing a Contract | ||
12
Investment Options Available Under the Contract
Funds Available Under the Contract
The following is a list of Funds currently available under the Contract. The list of Funds is subject to change, as discussed in the prospectus for the Contract. While an Income Guarantee Feature is in effect, the investment options available to you are restricted. Please see the current Rate Sheet Prospectus Supplement to see the investment options available while an Income Guarantee Feature is in effect. Before you invest, you should review the prospectuses for the Funds. These prospectuses contain more information about the Funds and their risks and may be amended from time to time. You can find the prospectuses and other information about the Funds online at www.MassMutual.com/Envision. You can also request this information at no cost by calling (800) 272-2216 or sending an email request to ANNfax@MassMutual.com.
The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these charges were included. Each Fund’s past performance is not necessarily an indication of future performance.
|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average
Annual Total Returns | ||
|
1 Year |
5 Year |
10 Year | |||
|
Asset Allocation |
MML
VIP Aggressive Allocation Fund (Service Class)(1)(2) |
1.23
%
|
13.91
%
|
8.11
%
|
9.26
%
|
|
Asset Allocation |
MML
VIP American Funds 65/35 Allocation Fund |
1.02
%
|
14.54
%
|
7.37
%
|
8.39
%
|
|
Asset Allocation |
MML
VIP American Funds 80/20 Allocation Fund |
1.13
%
(*) |
— |
— |
— |
|
Asset Allocation |
MML
VIP Balanced Allocation Fund (Service Class)(1)(4) |
1.11
%
|
10.80
%
|
4.49
%
|
6.06
%
|
|
Asset Allocation |
MML
VIP BlackRock iShares®
60/40 Fund (Service Class I)(1)(5) |
0.75
%
(*) |
14.31
%
|
— |
— |
|
Asset Allocation |
MML
VIP BlackRock iShares®
80/20 Fund (Service Class I)(1)(6) |
0.75
%
(*) |
16.90
%
|
— |
— |
|
Asset Allocation |
MML
VIP Conservative Allocation Fund (Service Class)(1)(7) |
1.08
%
|
9.98
%
|
3.73
%
|
5.33
%
|
|
Asset Allocation |
MML
VIP Growth Allocation Fund (Service Class)(1)(8) |
1.15
%
|
12.60
%
|
6.78
%
|
8.10
%
|
|
Asset Allocation |
MML
VIP Moderate Allocation Fund (Service Class)(1)(9) |
1.12
%
|
11.57
%
|
5.46
%
|
6.81
%
|
13
|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average
Annual Total Returns | ||
|
1 Year |
5 Year |
10 Year | |||
|
Money Market |
MML
VIP Barings U.S. Government Money Market Fund |
0.52
%
|
3.80
%
|
2.87
%
|
1.80
%
|
|
Fixed Income |
Fidelity®
VIP Strategic Income Portfolio (Service Class 2) |
0.88
%
|
8.58
%
|
2.79
%
|
4.40
%
|
|
Fixed Income |
Invesco
V.I. Global Strategic Income Fund (Series II) |
1.20
%
(*) |
12.75
%
|
1.39
%
|
2.76
%
|
|
Fixed Income |
MML
VIP Barings Core Bond Fund (Service Class)(12) |
0.70
%
|
7.59
%
|
0.23
%
|
2.38
%
|
|
Fixed Income |
MML
VIP Barings Inflation-Protected and Income Fund |
0.90
%
|
5.57
%
|
0.85
%
|
2.89
%
|
|
Fixed Income |
MML
VIP Barings Short-Duration Bond Fund (Service Class I)(14) |
0.84
%
|
5.76
%
|
2.30
%
|
2.31
%
|
|
Fixed Income |
MML
VIP Fidelity Institutional AM®
Core Plus Bond Fund |
0.86
%
|
7.03
%
|
–1.10
%
|
1.58
%
|
|
Fixed Income |
PIMCO
Income Portfolio (Advisor Class) |
1.02
%
|
10.11
%
|
3.32
%
|
— |
|
Balanced |
MML
VIP BlackRock®
Balanced Fund (Service Class)(1)(16) |
0.76
%
|
12.56
%
|
7.59
%
|
8.93
%
|
|
Large Cap Value |
American
Funds Insurance Series®
Washington Mutual Investors Fund
(Class 4) |
0.75
%
(*) |
16.90
%
|
13.60
%
|
12.08
%
|
|
Large Cap Value |
MML
Income & Growth Fund (Service Class) |
0.97
%
|
13.11
%
|
12.07
%
|
10.45
%
|
|
Large Cap Value |
MML
VIP Franklin Templeton Equity Fund (Service Class)(17) |
0.69
%
|
17.20
%
|
13.47
%
|
10.96
%
|
|
Large Cap Value |
MML
VIP T. Rowe Price Equity Income Fund (Service Class)(18) |
1.04
%
|
14.10
%
|
10.83
%
|
10.24
%
|
14
|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average
Annual Total Returns | ||
|
1 Year |
5 Year |
10 Year | |||
|
Large Cap Blend |
Columbia
Variable Portfolio – Contrarian Core Fund (Class 2) |
0.95
%
(*) |
17.35
%
|
13.89
%
|
14.03
%
|
|
Large Cap Blend |
Fidelity®
VIP Contrafund®
Portfolio (Service Class 2) |
0.79
%
|
21.19
%
|
15.08
%
|
15.48
%
|
|
Large Cap Blend |
MML
Focused Equity Fund (Service Class I) |
1.15
%
|
7.75
%
|
8.48
%
|
12.23
%
|
|
Large Cap Blend |
MML
Sustainable Equity Fund (Service Class) |
0.81
%
|
11.32
%
|
11.66
%
|
12.71
%
|
|
Large Cap Blend |
MML
VIP BlackRock®
Equity Index Fund (Service Class I)(19) |
0.69
%
|
17.07
%
|
13.63
%
|
14.05
%
|
|
Large Cap Blend |
MML
VIP Invesco Main Street Equity Fund (Service Class I)(20) |
1.05
%
|
15.90
%
|
12.21
%
|
14.17
%
|
|
Large Cap Blend |
MML
VIP JPMorgan U.S. Research Enhanced Equity Fund |
1.02
%
|
10.32
%
|
6.79
%
|
5.84
%
|
|
Large Cap Growth |
MML
VIP American Funds Growth Fund (Service Class I)(22)(23)(24) |
1.02
%
|
19.66
%
|
12.89
%
|
17.47
%
|
|
Large Cap Growth |
MML
VIP Invesco Discovery Large Cap Fund (Service Class I) |
1.03
%
|
— |
— |
— |
|
Large Cap Growth |
MML
VIP Loomis Sayles Large Cap Growth Fund |
0.95
%
|
14.74
%
|
14.67
%
|
16.05
%
|
|
Large Cap Growth |
MML
VIP T. Rowe Price Blue Chip Growth Fund (Service Class)(26) |
1.03
%
|
18.19
%
|
10.81
%
|
14.97
%
|
|
Large Cap Growth |
Nomura
VIP Growth Series (Service Class)(27) |
1.01
%
|
8.41
%
|
11.89
%
|
15.40
%
|
|
Small/Mid-Cap Value |
MML
Small/Mid Cap Value Fund (Service Class) |
1.07
%
|
2.17
%
|
8.41
%
|
8.42
%
|
|
Small/Mid-Cap Value |
MML
VIP American Century Mid Cap Value Fund (Service Class)(28) |
1.14
%
|
8.62
%
|
8.51
%
|
8.86
%
|
15
|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average
Annual Total Returns | ||
|
1 Year |
5 Year |
10 Year | |||
|
Small/Mid-Cap Value |
MML
VIP American Century Small Company Value Fund |
1.24
%
(*) |
–3.60
%
|
4.90
%
|
8.28
%
|
|
Small/Mid-Cap Blend |
MML
VIP Invesco Small Cap Equity Fund (Service Class)(30) |
0.96
%
|
8.59
%
|
8.11
%
|
10.46
%
|
|
Small/Mid-Cap Growth |
Janus
Henderson Enterprise Portfolio (Service) |
0.97
%
|
7.41
%
|
7.35
%
|
12.51
%
|
|
Small/Mid-Cap Growth |
MML
VIP Invesco Discovery Mid Cap Fund (Service Class I)(31) |
1.10
%
(*) |
— |
— |
— |
|
Small/Mid-Cap Growth |
MML
VIP T. Rowe Price Mid Cap Growth Fund (Service Class)(32) |
1.07
%
|
4.10
%
|
3.56
%
|
9.66
%
|
|
Small/Mid-Cap Growth |
MML
VIP Wellington Small Cap Growth Equity Fund |
1.30
%
(*) |
7.07
%
|
2.41
%
|
10.32
%
|
|
International/Global |
American
Funds Insurance Series®
Global Small Capitalization Fund (Class
4) |
1.15
%
(*) |
14.33
%
|
0.23
%
|
6.96
%
|
|
International/Global |
American
Funds Insurance Series®
New World Fund®
(Class 4) |
1.07
%
(*) |
27.93
%
|
5.06
%
|
8.98
%
|
|
International/Global |
Fidelity®
VIP Overseas Portfolio (Service Class 2) |
0.97
%
|
20.05
%
|
6.35
%
|
7.66
%
|
|
International/Global |
Invesco
V.I. International Growth Fund (Series II)(34) |
1.25
%
(*) |
15.53
%
|
1.88
%
|
5.34
%
|
|
International/Global |
Janus
Henderson Overseas Portfolio (Service) |
0.96
%
|
28.58
%
|
9.17
%
|
8.97
%
|
|
International/Global |
MML
Foreign Fund (Service Class) |
1.17
%
|
32.36
%
|
8.76
%
|
6.46
%
|
|
International/Global |
MML
VIP Invesco Global Fund (Service Class I)(35) |
1.06
%
|
22.69
%
|
7.24
%
|
9.68
%
|
16
|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average
Annual Total Returns | ||
|
1 Year |
5 Year |
10 Year | |||
|
International/Global |
MML
VIP MFS International Equity Fund (Service Class I)(36) |
1.18
%
(*) |
25.20
%
|
7.07
%
|
6.97
%
|
|
Specialty(37) |
Fidelity®
VIP Health Care Portfolio (Service Class 2) |
0.84
%
|
14.10
%
|
3.92
%
|
8.48
%
|
|
Specialty(37) |
Fidelity®
VIP Real Estate Portfolio (Service Class 2) |
0.85
%
|
2.90
%
|
3.98
%
|
3.61
%
|
|
Specialty(37) |
Janus
Henderson Global Technology and Innovation Portfolio (Service) |
0.97
%
|
24.84
%
|
13.44
%
|
21.18
%
|
|
Specialty(37) |
Nomura
VIP Asset Strategy Series (Service Class)(38) |
0.77
%
(*) |
16.66
%
|
7.07
%
|
7.84
%
|
| Fidelity, Contrafund and Fidelity Institutional AM are registered service marks of FMR LLC. Used with permission. |
| (*) | This Fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this Fund’s annual expenses reflect temporary expense reductions. See the Fund prospectus for additional information. |
| (1) | These are fund-of-funds investment choices. They are known as fund-of-funds because they invest in other underlying funds. A fund offered in a fund-of-funds structure may have higher expenses than a direct investment in its underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. |
| (2) | MML VIP Aggressive Allocation Fund formerly known as MML Aggressive Allocation Fund. |
| (3) | MML VIP American Funds 65/35 Allocation Fund formerly known as MML American Funds Core Allocation Fund. |
| (4) | MML VIP Balanced Allocation Fund formerly known as MML Balanced Allocation Fund. |
| (5) | MML VIP BlackRock iShares® 60/40 Fund formerly known as MML iShares® 60/40 Allocation Fund. |
| (6) | MML VIP BlackRock iShares® 80/20 Fund formerly known as MML iShares® 80/20 Allocation Fund. |
| (7) | MML VIP Conservative Allocation Fund formerly known as MML Conservative Allocation Fund. |
| (8) | MML VIP Growth Allocation Fund formerly known as MML Growth Allocation Fund. |
| (9) | MML VIP Moderate Allocation Fund formerly known as MML Moderate Allocation Fund. |
| (10) | 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 insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The yield of this Fund may become very low during periods of low interest rates. After deduction of Separate Account charges, the yield in the division that invests in this Fund could be negative. |
| (11) | MML VIP Barings U.S. Government Money Market Fund formerly known as MML U.S. Government Money Market Fund. |
| (12) | MML VIP Barings Core Bond Fund formerly known as MML Managed Bond Fund. |
| (13) | MML VIP Barings Inflation-Protected and Income Fund formerly known as MML Inflation-Protected and Income Fund. |
| (14) | MML VIP Barings Short-Duration Bond Fund formerly known as MML Short-Duration Bond Fund. |
| (15) | MML VIP Fidelity Institutional AM® Core Plus Bond Fund formerly known as MML Total Return Bond Fund. |
| (16) | MML VIP BlackRock® Balanced Fund formerly known as MML Blend Fund. |
| (17) | MML VIP Franklin Templeton Equity Fund formerly known as MML Equity Fund. |
| (18) | MML VIP T. Rowe Price Equity Income Fund formerly known as MML Equity Income Fund. |
| (19) | MML VIP BlackRock® Equity Index Fund formerly known as MML Equity Index Fund. |
| (20) | MML VIP Invesco Main Street Equity Fund formerly known as MML Fundamental Equity Fund. |
17
| (21) | MML VIP JPMorgan U.S. Research Enhanced Equity Fund formerly known as MML Managed Volatility Fund. |
| (22) | 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 which 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 prospectuses for more information about this “feeder” fund. |
| (23) | The MML VIP American Funds Growth Fund invests all of its assets in the Class 1 shares of the American Funds Insurance Series® – Growth Fund. However, this Fund is not available directly as an investment choice under your MassMutual variable product. You should read the prospectus along with the prospectus for the MML VIP American Funds Growth Fund. |
| (24) | MML VIP American Funds Growth Fund formerly known as MML American Funds Growth Fund. |
| (25) | MML VIP Loomis Sayles Large Cap Growth Fund formerly known as MML Large Cap Growth Fund. |
| (26) | MML VIP T. Rowe Price Blue Chip Growth Fund formerly known as MML Blue Chip Growth Fund. |
| (27) | Nomura VIP Growth Series formerly known as Macquarie VIP Growth Series. |
| (28) | MML VIP American Century Mid Cap Value Fund formerly known as MML Mid Cap Value Fund. |
| (29) | MML VIP American Century Small Company Value Fund formerly known as MML Small Company Value Fund. |
| (30) | MML VIP Invesco Small Cap Equity Fund formerly known as MML Small Cap Equity Fund. |
| (31) | MML VIP Invesco Discovery Mid Cap Fund formerly known as MML Invesco Discovery Mid Cap Fund. |
| (32) | MML VIP T. Rowe Price Mid Cap Growth Fund formerly known as MML Mid Cap Growth Fund. |
| (33) | MML VIP Wellington Small Cap Growth Equity Fund formerly known as MML Small Cap Growth Equity Fund. |
| (34) | Invesco V.I. International Growth Fund formerly known as Invesco Oppenheimer V.I. International Growth Fund. |
| (35) | MML VIP Invesco Global Fund formerly known as MML Global Fund. |
| (36) | MML VIP MFS International Equity Fund formerly known as MML International Equity Fund. |
| (37) | Specialty funds are an all-encompassing category that consists of funds that forgo broad diversification to concentrate on a certain segment of the economy or a specific targeted strategy. For example, sector funds are targeted strategy funds aimed at specific sectors of the economy, such as financial, technology, healthcare, and so on. Sector funds can, therefore, be more volatile than a more diversified equity fund since the stocks in a given sector tend to be highly correlated with each other. |
| (38) | Nomura VIP Asset Strategy Series formerly known as Macquarie VIP Asset Strategy Series. |
Fixed Account Investment Options Available Under the Contract
The following is a list of fixed options currently available under the Contract. We may change the features of the fixed options listed below, offer new fixed options, and terminate existing fixed options. We will provide you with written notice before doing so. While an Income Guarantee Feature is in effect, the investment options available to you are restricted. You may not participate in the DCA Fixed Account if an Income Guarantee Feature is in effect. See “General Information about Massachusetts Mutual Life Insurance Company, the Separate Account and the Investment Options – Fixed Account for Dollar Cost Averaging (DCA Fixed Account)” for more information.
|
Name |
Minimum Guaranteed Interest Rate |
|
6 Month DCA Fixed Account |
1% |
|
12 Month DCA Fixed Account |
1% |
18
This Summary Prospectus incorporates by reference the MassMutual EnvisionSM Contract’s statutory prospectus and Statement of Additional Information (SAI), both dated April 27, 2026, as amended or supplemented. The SAI includes additional information about Massachusetts Mutual Variable Annuity Separate Account 4.
You can find the statutory prospectus and SAI at www.MassMutual.com/Envision. You can also obtain this information at no cost by calling (800) 272-2216 or by sending an email request to MassMutualMutualServiceCenter@MassMutual.com.
EDGAR Contract Identifier: C000228859
AN2703-USP