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Assets allocated to the Diversified SAGIC separate account under MassMutual group annuity contracts the Contract issued in Minnesota are not segregated from the general obligations of MassMutual in the event of insolvency 3. Competing investments which include certain fixed-income investments and self-directed brokerage accounts are subject to asset transfer restrictions with regard to the SAGIC. 5. Periods greater than one year are annualized. .

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