THIS IS A LEGAL CONTRACT BETWEEN THE CONTRACT OWNER AND THE COMPANY READ YOUR CONTRACT CAREFULLYJoint Contract • December 6th, 2005 • Massachusetts Mutual Variable Annuity Separate Account 4
MARKET VALUE ADJUSTMENT FACTOR: If applicable, the Company will apply the Market Value Adjustment Factor when computing a partial or total withdrawal from the Fixed Account or when the Fixed Account Value is applied to an Annuity Option. The Market Value Adjustment Factor is determined by the following formula:
