Backed by Mass Mutual
Brought to you by Haven Life
AgeUp provides guaranteed monthly income for life beginning at your target payout age between 91-100.
Available if you’re age 50-75.
Income you can't outlive, a price you can afford
Typical longevity annuities require an upfront payment of at least $10,000, but AgeUp lets you pay in monthly installments of as little as $25.
Most longevity annuity payouts can only be deferred until age 85, but AgeUp payouts start at any age you choose between 91-100. The longer deferral allows for higher monthly income at a time in life when it’s usually needed most.
Age Up | Typical longevity annuity | |
---|---|---|
Minimum initial payment | $25 | $10,000 |
Average initial payment | $50 | $181,0002 |
Premiums payments | Monthly installments | One-time lump sum |
Age payouts begin | 91-100 | No later than 85 |
Optional death benefit | ||
Lifetime income |
Learn about how AgeUp works for you
Age Up | Typical longevity annuity | |
---|---|---|
Initial payment | $50 | $17,350 |
Monthly premium | $50 | $0 |
Payouts begin at age | 95 | 85 |
Total premiums paid | $17,350 | $17,350 |
Estimated lifetime payout | $2,499/mo | $516/mo |
The left shows an example AgeUp estimate for a 65-year-old man with a $50 monthly premium and payouts starting at 95. On the right is the result of spending the same amount on a typical longevity annuity, using the highest payout age of 85.
Estimates from 2/27/20, 65-year-old man from Massachusetts, no refund in case of death prior to income payments beginningYou’ll stop paying premiums 13 months before your payouts begin, so $17,350 = $50/mo x 28 years, 11 months.
Choose your own premiums, starting at just $25/mo
Income is shielded from market risk and will never run out3
Use the payouts for anything you need, with no restrictions
Buy online in minutes - no doctor visits or health info required
“It's affordable for almost everyone.”
“What's best about AgeUp is that you can contribute in low monthly payments. Unlike annuities that require large lump sum deposits upfront… it's affordable for almost everyone.”
AgeUp is issued by MassMutual and developed and sold by Haven Life Insurance Agency, a MassMutual-owned innovation hub that’s building new technologies to make buying financial products actually simple.
MassMutual has been in business since 1851
Rated A++ for financial strength by A.M. Best4
Total assets of $280B in 2019
See how AgeUp can help with a quick online estimate.