Supplement dated November 18, 2021
to the Prospectus
dated May 1, 2021, as supplemented, for:
MassMutual Capital Vantage®
Issued by Massachusetts Mutual Life Insurance Company
| THIS SUPPLEMENT MUST BE READ IN CONJUNCTION WITH YOUR PROSPECTUS. PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE |
Effective November 1, 2021, this supplement amends certain information in the above-referenced prospectus (“Prospectus”):
| · | American Century Investment Management, Inc. replaced T. Rowe Price Associates, Inc. as the investment sub-adviser to the MML Small Company Value Fund. All references in the Prospectus to T. Rowe Price Associates, Inc. as the investment adviser to the Fund are replaced with American Century Investment Management, Inc. |
| · | Massachusetts Financial Services Company was added as an investment sub-adviser to the MML International Equity Fund. All references in the Prospectus to the investment sub-adviser to the MML International Equity Fund shall include Massachusetts Financial Services Company. |
| · | The current expenses for the MML Small Company Value Fund and MML International Equity Fund were reduced by fee waivers. |
| November 18, 2021 | page 1 of 2 | AN2603_21_2 |
The following replaces the information for the MML Small Company Value Fund and the MML International Equity Fund in Appendix A of the Prospectus:
| Fund Type | Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) | Average Annual Total Returns (as of 12/31/2020) | ||
| 1 Year | 5 Year | 10 Year | |||
| Small/Mid-Cap Value |
MML Small Company Value Fund Adviser: MML Investment Advisers, LLC Sub-Adviser: American Century Investment Management, Inc. |
1.16%(24) | 8.92% | 11.77% | 9.38% |
| International/Global |
MML International Equity Fund Adviser: MML Investment Advisers, LLC Sub-Adviser: Harris Associates L.P. and Massachusetts Financial Services Company |
1.22%(15) | 5.07% | 6.88% | ― |
| (15) | The expenses in the above table reflect a written agreement by MML Advisers to waive 0.10% of its management fees through April 30, 2023. This agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers. |
| (24) | The expenses in the above table reflect a written agreement by MML Advisers to waive 0.15% of its management fees through April 30, 2023. This agreement can only be terminated by mutual consent of the Board of Trustees on behalf of the Fund and MML Advisers. |
If you have questions about this supplement or other product questions, you may contact your registered representative, visit us online at www.MassMutual.com/contact-us, or call the MassMutual Customer Service Center at 1-866-645-2362. Our Service Center is open Monday through Friday between 7 a.m. and 7 p.m. Central Time.
For more information about the funds, read each fund prospectus. Prospectuses are available on our website at www.MassMutual.com.
| November 18, 2021 | page 2 of 2 | AN2603_21_2 |