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The importance of financial literacy

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Financial literacy is all about learning key aspects of financial health and how to establish and maintain healthy financial habits. In a recent LIMRA study, consumers were evaluated on their financial literacy by using 10 fundamental questions on financial concepts. The average score was 4.2 out of 10. Additionally, 鈥渕ore than 1 in 3 consumers performed poorly on the financial literacy quiz, underscoring the urgent need for greater education and awareness in this realm.鈥1 Understanding what financial literacy is and applying it to your money goals is important, not only for the present, but also for the future. At MassMutual Ascend, we are committed to going above and beyond 鈥 so when it comes to your financial future, the impossible feels possible. One way to elevate your financial future could be with an annuity.

An annuity is a financial product that鈥檚 designed to protect and grow your money, and then provide a stream of guaranteed income. , the status quo isn't a status we ever want. We'll always be in pursuit of better. 

According to a recent study, 鈥30% of consumers admit they lack familiarity with 麻花传媒.鈥2 It鈥檚 important to consider your financial goals and how they play into your overall financial plan. Annuities can play a major role in your financial future by providing protection and growth, tax deferral and guaranteed income. At MassMutual Ascend, to help meet your unique financial needs.

Talk to your financial professional to find out how an annuity could fit into your portfolio! Or, head to our to learn more.

1 LIMRA.com

2 LOMA.org

This content does not apply in the state of New York.

Not a bank or credit union deposit or obligation 鈥 Not FDIC or NCUA-Insured 鈥 Not insured by any federal government agency 鈥 May lose value 鈥 Not guaranteed by any bank or credit union

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