For every action there is a reaction Make sure you are aware of possible nancial consequences if you surrender your MassMutual annuity contract. Potential tax implications If you surrender your annuity.

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How to fill out the MassMutual FR1142 online

The MassMutual FR1142 is an important document for individuals looking to request a full surrender of their annuity contract. This guide provides clear, step-by-step instructions to assist users in correctly completing the form online, ensuring a smooth submission process.

Follow the steps to complete the MassMutual FR1142 online effectively.

  1. Press the ‘Get Form’ button to acquire the FR1142 form and open it in an editing platform.
  2. Begin by filling out Section A, Owner/Participant Information. Input your contract or certificate number, owner or plan name, and any applicable joint owner information. Additionally, provide your taxpayer identification number, telephone number, and email address for verification.
  3. Complete the plan contact information only if applicable, particularly for Governmental 457(b) Deferred Compensation Plans. Specify if the agent or broker recommended the surrender by checking 'Yes' or 'No'.
  4. If applicable, fill out questions 10-12 regarding distributions for the Governmental 457(b) Deferred Compensation Plan, including the plan participant's name and taxpayer identification number.
  5. Move to Section B, Distribution Instructions. Select how you wish to receive your proceeds by filling out the corresponding sections for either direct payment, electronic funds transfer, or an allowable alternate payee.
  6. In the Additional Elections section, choose a specific processing date for your withdrawal if desired, or leave it blank for the earliest available date.
  7. Complete Section D, Withholding Election & Tax Reporting Information. Opt for your preferred tax withholding options, ensuring compliance with federal and state regulations.
  8. Proceed to Section E, Agreements & Signatures. The owner and any joint owner must sign to certify the information provided is accurate. If applicable, have the document notarized.
  9. Once all sections are complete, review the form for accuracy. Save the changes and download a copy for your records.
  10. Print the completed FR1142 form for submission or share it electronically as required.

Complete your MassMutual FR1142 online today for a seamless surrender request.

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Once all claim requirements are received in good order, benefit payment will be mailed within seven (7) calendar days. Please know that you're able to decide how you would like to receive your payment through a variety of payment options.

Once all claim requirements are received in good order, benefit payment will be mailed within seven (7) calendar days. Please know that you're able to decide how you would like to receive your payment through a variety of payment options.

As a result, Empower takes over approximately 26,000 workplace savings plans with 2.5 million participants and $167 billion in assets. Empower Retirement has officially acquired MassMutual's retirement business.

You can also contact your financial professional or call our Service Center at 1-800-272-2216.

Log in to your MassMutual Account Log in to your personal or business portal to access up-to-date information on your MassMutual accounts. Empower Retirement and MassMutual have entered into a definitive agreement for Empower to acquire the MassMutual retirement plan business.

Whether you are in a new job or not, you generally have the option to leave your old retirement plan where it is, as long as your balance is at least $5,000 (if it's less than that, your employer may be able to automatically cash you out).

The MassMutual Trust Company, FSB is a federal savings bank chartered by the Office of the Comptroller of the Currency to provide discretionary and nondiscretionary trust and fiduciary services in all states.

Insurance products and servicesMassMutual offers both term and permanent products including online term, whole life, universal, and variable universal life insurance.

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