Massachusetts Mutual Variable Life Separate Account I
04/24/2026 | Press release | Distributed by Public on 04/24/2026 13:11
Updating Summary Prospectus (Form 497VPU)
MassMutual ElectrumSM
Issued by Massachusetts Mutual Life Insurance Company
Massachusetts Mutual Variable Life Separate Account I
Updating Summary Prospectus - April 27, 2026
This Summary Prospectus summarizes key features of the MassMutual ElectrumSM policy, an individual, flexible premium, adjustable, variable life insurance policy (policy), issued by Massachusetts Mutual Life Insurance Company.
The prospectus for the MassMutual Electrum policy contains more information about the policy, including its features, benefits, and risks. You can find the current statutory prospectus and other information about the policy online at www.MassMutual.com/Electrum. You can also obtain this information at no cost by calling (800) 665-2654 or by sending an email request to [email protected].
Additional information about certain investment products, including variable life insurance policies, has been prepared by the Securities and Exchange Commission staff and is available at www.investor.gov.
The SEC has not approved or disapproved this policy or determined that this prospectus is accurate or complete. Any representation that it has is a criminal offense.
1
Table of Contents
|
Glossary |
2 |
|
Updated Information About Your Policy |
4 |
|
Important Information You Should Consider About the |
6 |
|
Appendix A - Funds Available Under the Policy |
10 |
Glossary
Account Value. The value of your investment in the Separate Account Divisions and the GPA.
Administrative Office. Massachusetts Mutual Life Insurance Company, BOLI/COLI Document Management Hub, 1295 State Street, Springfield, MA 01111-0001, (800) 665-2654, (Fax) (860) 562-6154, [email protected], www.MassMutual.com
Attained Age. The Insured's age on the Issue Date, plus the number of completed Policy Years.
Fund(s). The investment entities in which the Separate Account Divisions invest.
Good Order. The actual receipt by our Administrative Office of the instructions related to a request or transaction in writing (or, when permitted, by telephone, fax, website, or other electronic means), within the time limits, if any, along with all forms, information and supporting legal documentation we require to effect the request or transaction. This information includes, to the extent applicable: the completed application or instruction form; your policy number; the transaction amount (in dollars or percentage terms); the names and allocations to and/or from the Separate Account Divisions affected by the request or transaction; the signatures of all Policy Owners; if necessary, Social Security Number or Tax Identification number; tax certification; and any other information or supporting documentation we may require including consents, certifications and guarantees. Instructions must be complete and sufficiently clear so that we do not need to exercise any discretion to follow such instructions. We may, in our sole discretion, determine whether any particular request or transaction is in Good Order, and we reserve the right to change or waive any Good Order requirements at any time. If you have any questions, you may contact our Administrative Office before submitting the form or request.
GPA Value. The sum of your values in the GPA.
Grace Period. A period that begins when the Surrender Value is not sufficient to cover monthly charges due and your policy stays In Force, during which you can pay the amount of premium needed to avoid termination.
In Force. Your policy has not terminated.
Insured. The person on whose life the policy is issued.
Issue Date. The date we issue the policy. The Issue Date starts the contestability and suicide periods.
Modified Endowment Contract (MEC). A special type of life insurance under federal income tax law. Specifically, the law prescribes a test that is intended to differentiate between policies that are purchased primarily for certain tax advantages, versus policies that are purchased primarily for death protection. MECs are still life insurance and offer tax-free death benefits and tax-deferred cash value accumulation. However, pre-death distributions (including loans) are taxed as "income first" (not cost basis first), meaning they are taxable to the extent of gain in the policy. In addition, distributions may be subject to a 10% additional tax.
Monthly Calculation Date. The Policy Date and the same day of each succeeding calendar month on which monthly charges are due on the policy.
Net Premium. A premium payment received in Good Order minus the premium load charge and the Cash Surrender Value Enhancement Rider charge, if applicable.
Policy Anniversary. The anniversary of the Policy Date.
Policy Date. The starting point for determining the Policy Anniversaries, Policy Years, and Monthly Calculation Dates. It is also the day we first deduct monthly charges under the policy.
Policy Debt. All outstanding loans plus accrued interest.
2
Policy Owner. The individual, corporation, partnership, trust or other entity who owns the policy, as shown on our records, and will generally make the choices that determine how the policy operates while it is In Force.
Policy Termination. An event where your policy is no longer In Force due to the Surrender Value becoming too low to support your policy's monthly charges or if total Policy Debt exceeds the Account Value.
Policy Year. The twelve month period beginning with the Policy Date and each successive twelve month period thereafter.
Separate Account Division. A variable investment division offered through our Separate Account that invests in the corresponding underlying Fund.
Surrender Value. Account Value less Policy Debt.
Target Premium. A threshold for your policy premium load charge that we establish on your Issue Date.
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Updated Information About Your Policy
The information in this Updating Summary Prospectus is a summary of certain policy features that have changed since April 28, 2025. This may not reflect all changes that have occurred since you purchased your policy.
Fund Substitutions
|
Existing Fund (Share Class) |
Replacement Fund (Share Class) |
|
Invesco V.I. Discovery Mid Cap Growth Fund (Series I) |
MML Invesco Discovery Mid Cap Fund (Class II) |
|
Invesco V.I. Global Fund (Series I) |
MML Global Fund (Class II) |
|
Invesco V.I. Main Street Fund® (Series I) |
MML Fundamental Equity Fund (Class II) |
Share Class Merger
MML Global Fund (Service Class I) was replaced by MML Global Fund (Class II).
Fund Name Changes
|
Current Fund Name |
New Fund Name |
|
Fidelity® VIP Freedom Income PortfolioSM |
Fidelity® VIP Freedom Retirement PortfolioSM |
|
Invesco Oppenheimer V.I. International Growth Fund |
Invesco V.I. International Growth Fund |
|
Macquarie VIP Asset Strategy Series |
Nomura VIP Asset Strategy Series |
|
Macquarie VIP Emerging Markets Series |
Nomura VIP Emerging Markets Series |
|
Macquarie VIP Science and Technology Series |
Nomura VIP Science and Technology Series |
|
Macquarie VIP Small Cap Value Series |
Nomura VIP Small Cap Value Series |
|
MFS® International Intrinsic Value Portfolio |
MFS® International Intrinsic Equity Portfolio |
|
MML Aggressive Allocation Fund |
MML VIP Aggressive Allocation Fund |
|
MML American Funds Core Allocation Fund |
MML VIP American Funds 65/35 Allocation Fund |
|
MML American Funds Growth Fund |
MML VIP American Funds Growth Fund |
|
MML Balanced Allocation Fund |
MML VIP Balanced Allocation Fund |
|
MML Blend Fund |
MML VIP BlackRock® Balanced Fund |
|
MML Blue Chip Growth Fund |
MML VIP T. Rowe Price Blue Chip Growth Fund |
|
MML Conservative Allocation Fund |
MML VIP Conservative Allocation Fund |
|
MML Equity Fund |
MML VIP Franklin Templeton Equity Fund |
|
MML Equity Income Fund |
MML VIP T. Rowe Price Equity Income Fund |
|
MML Equity Index Fund |
MML VIP BlackRock® Equity Index Fund |
|
MML Fundamental Equity Fund |
MML VIP Invesco Main Street Equity Fund |
|
MML Global Fund |
MML VIP Invesco Global Fund |
|
MML Growth Allocation Fund |
MML VIP Growth Allocation Fund |
|
MML Inflation-Protected and Income Fund |
MML VIP Barings Inflation-Protected and Income Fund |
|
MML International Equity Fund |
MML VIP MFS International Equity Fund |
|
MML Invesco Discovery Mid Cap Fund |
MML VIP Invesco Discovery Mid Cap Fund |
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|
Current Fund Name |
New Fund Name |
|
MML Large Cap Growth Fund |
MML VIP Loomis Sayles Large Cap Growth Fund |
|
MML Managed Bond Fund |
MML VIP Barings Core Bond Fund |
|
MML Managed Volatility Fund |
MML VIP JPMorgan U.S. Research Enhanced Equity Fund |
|
MML Mid Cap Growth Fund |
MML VIP T. Rowe Price Mid Cap Growth Fund |
|
MML Mid Cap Value Fund |
MML VIP American Century Mid Cap Value Fund |
|
MML Moderate Allocation Fund |
MML VIP Moderate Allocation Fund |
|
MML Short-Duration Bond Fund |
MML VIP Barings Short-Duration Bond Fund |
|
MML Small Cap Equity Fund |
MML VIP Invesco Small Cap Equity Fund |
|
MML Small Cap Growth Equity Fund |
MML VIP Wellington Small Cap Growth Equity Fund |
|
MML Small Company Value Fund |
MML VIP American Century Small Company Value Fund |
|
MML Total Return Bond Fund |
MML VIP Fidelity Institutional AM® Core Plus Bond Fund |
|
MML U.S. Government Money Market Fund |
MML VIP Barings U.S. Government Money Market Fund |
Sub-Adviser Changes
FIAM LLC replaced Metropolitan West Asset Management, LLC as the sub-adviser to the MML VIP Fidelity Institutional AM® Core Plus Bond Fund (formerly MML Total Return Bond Fund).
Harris Associates L.P. no longer serves as a sub-adviser to the MML VIP MFS International Equity Fund (formerly MML International Equity Fund).
J.P. Morgan Investment Management Inc. replaced Gateway Investment Advisers, LLC as the sub-adviser to the MML VIP JPMorgan U.S. Research Enhanced Equity Fund (formerly MML Managed Volatility Fund).
Macquarie Investment Management Global Limited no longer serves as sub-adviser to the Nomura VIP Emerging Markets Series (formerly Macquarie VIP Emerging Markets Series).
Macquarie Investment Management Global Limited no longer serves as sub-adviser to the Nomura VIP Science and Technology Series (formerly Macquarie VIP Science and Technology Series).
Macquarie Investment Management Global Limited no longer serves as sub-adviser to the Nomura VIP Small Cap Value Series (formerly Macquarie VIP Small Cap Value Series).
Nomura Investment Management Austria Kapitalanlage AG and Macquarie Investment Management Global Limited will now serve as the sub-advisers to the Nomura VIP Asset Strategy Series (formerly Macquarie VIP Asset Strategy Series).
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Important Information You Should Consider About the Policy
|
FEES AND EXPENSES |
LOCATION IN PROSPECTUS |
|||
|
Charges for Early Withdrawals |
None. |
N/A |
||
|
Transaction Charges |
Premium Load Charge. We deduct the premium load charge from each premium you pay. The current premium load charge is 6.55% of each premium payment up to and including the Target Premium, and 0.50% of premium over the Target Premium. |
Fee Tables - Transaction Fees |
||
|
Ongoing Fees and Expenses |
In addition to transaction charges, an investment in the policy is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance and cost of optional riders. Those fees and expenses are set based on characteristics of the Insured (e.g., age, sex, and risk classification). You should view the policy's specifications page for rates applicable to your policy. |
Fee Tables - Periodic Charges Other than Annual Fund Operating Expenses |
||
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|
FEES AND EXPENSES |
LOCATION IN PROSPECTUS |
|||
|
Annual Fee |
Minimum |
Maximum |
||
|
Fund options (Fund fees and expenses) |
0.19%(1) |
3.48%(1) |
||
| (1) | As a percentage of Fund assets. |
|
RISKS |
LOCATION IN PROSPECTUS |
|||
|
Risk of Loss |
You can lose money by investing in the policy. |
Principal Risks - Investment Risks |
||
|
Not a Short-Term Investment |
This policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. |
Overview of the Policy - What is the policy, and what is it designed to do? |
||
|
Risks Associated with Investment Options |
An investment in this policy is subject to the risk of poor investment performance and can vary depending upon the performance of the underlying Funds you choose. |
Principal Risks - Investment Risks |
||
|
Insurance Company Risks |
An investment in this policy is subject to the risks related to the Depositor (MassMutual). Any obligations (including under any fixed account investment option), guarantees, or benefits of the policy are subject to the claims-paying ability of MassMutual. If MassMutual experiences financial distress, it may not be able to meet its obligations to you. More information about MassMutual, including its financial strength ratings, is available by calling (800) 665-2654 or by visiting www.MassMutual.com/ratings. |
General Information About the Company, the Separate Account and the Underlying Funds - The Guaranteed Principal Account |
||
|
Policy Termination |
Your policy could terminate (or lapse) if the Surrender Value of the policy becomes too low to support the policy's monthly charges, or if total Policy Debt exceeds the Account Value. Factors that may cause your policy to lapse include: insufficient premium payments, poor investment performance, withdrawals, and unpaid loans or loan interest. If your policy lapses, you may be able to reinstate it. To reinstate your policy, you must provide us certain written materials we require as well as a premium payment sufficient to keep the policy In Force for three months after reinstatement. The death benefit will not be paid if the policy has lapsed. |
Principal Risks - Policy Termination |
||
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|
RESTRICTIONS |
LOCATION IN PROSPECTUS |
|||
|
Investments |
Generally, you may transfer Account Value among the Separate Account Divisions and the Guaranteed Principal Account (GPA), subject to certain limitations. We also offer two automated transfer programs: Automated Account Value Transfer and Automated Account Rebalancing.
Transfers from the GPA are limited to one per Policy Year and may not exceed 25% of your Account Value in the GPA (less any Policy Debt).
There is one exception to this rule. If you have transferred 25% of the GPA Value (less any Policy Debt) for three consecutive years and you have not added any Net Premium or transferred amounts to the GPA during these three consecutive years, you may transfer the remainder of the GPA Value (less any Policy Debt) out of the GPA in the succeeding Policy Year.
Transfers (including transfers through automated programs) cannot be processed during a Grace Period.
In addition, we reserve the right to reject or restrict transfers if we determine the transfers reflect frequent trading or a market timing strategy, or we are required to reject or restrict by the applicable Fund. |
Transfers |
||
|
Optional Benefits |
Optional benefits, such as riders, may alter the benefits or charges under your policy. Rider availability and benefits may vary by state of issue, and their election may have tax consequences. Riders may have restrictions or limitations. If you elect a particular rider, it may restrict or enhance the terms of your policy, or restrict the availability or terms of other riders. |
Other Benefits Available Under the Policy |
||
|
TAXES |
LOCATION IN PROSPECTUS |
|||
|
Tax Implications |
You should consult with a tax professional to determine the tax implications of an investment in and payments received under the policy.
If you purchase the policy through a qualified retirement plan, you do not receive any additional tax deferral. Withdrawals and partial surrenders are taxed as recovery of cost basis first and income second. Loans and collateral assignments are not taxable when taken. Any gain on your policy is taxed as ordinary income.
If your policy becomes a Modified Endowment Contract or MEC, loans, collateral assignments, withdrawals, and other pre-death distributions will be taxed as income first and recovery of cost basis second. You may have to pay a penalty tax if you take a distribution before you attain age 59½. |
Federal Income Tax Considerations |
||
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|
CONFLICTS OF INTEREST |
LOCATION IN PROSPECTUS |
|||
|
Investment Professional Compensation |
Your registered representative may receive compensation in the form of commissions for selling the policy to you. If your registered representative is also a MassMutual insurance agent, they are also eligible for certain cash and non-cash benefits from us. Cash compensation includes bonuses and allowances based on factors such as sales, productivity and persistency (policy retention). Non-cash compensation includes various recognition items such as prizes and awards as well as attendance at, and payment of the costs associated with attendance at, conferences, seminars and recognition trips, and also includes contributions to certain individual plans such as pension and medical plans. Sales of the policy may help these registered representatives and their supervisors qualify for such benefits. |
Other Information - Distribution |
||
|
Exchanges |
Because the policy is no longer sold, you would not be affected by a scenario in which you are asked to replace an existing life insurance policy you own with a new purchase of this policy. However, in general you should be aware that some investment professionals may have a financial incentive to offer you the policy in place of the one you own. You should only exchange your current life insurance policy if you determine, after comparing the features, fees, and risks of both policies, that it is preferable for you to purchase the new policy rather than continue to own your existing life insurance policy. |
N/A |
||
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Appendix A
Funds Available Under the Policy
The following is a list of Funds available under the policy. The list of Funds is subject to change, as discussed in the prospectus for the policy. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at www.MassMutual.com/Electrum. You can also request this information at no cost by calling (800) 665-2654 or sending an email request to [email protected].
The current expenses and performance information below reflects fees and expenses of the Funds, but do not reflect the other fees and expenses that your policy may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund's past performance is not necessarily an indication of future performance.
|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Asset Allocation |
Fidelity® VIP Freedom 2020 PortfolioSM (Service Class)(1) |
0.54
%
|
13.18
%
|
4.73
%
|
7.27
%
|
|
Asset Allocation |
Fidelity® VIP Freedom 2025 PortfolioSM (Service Class)(1) |
0.56
%
|
15.33
%
|
6.13
%
|
8.77
%
|
|
Asset Allocation |
Fidelity® VIP Freedom 2030 PortfolioSM (Service Class)(1) |
0.59
%
|
18.66
%
|
8.89
%
|
10.76
%
|
|
Asset Allocation |
Fidelity® VIP Freedom 2035 PortfolioSM (Service Class)(1) |
0.63
%
|
16.58
%
|
7.44
%
|
9.89
%
|
|
Asset Allocation |
Fidelity® VIP Freedom 2040 PortfolioSM (Service Class)(1) |
0.67
%
|
19.68
%
|
9.33
%
|
10.98
%
|
|
Asset Allocation |
Fidelity® VIP Freedom 2045 PortfolioSM (Service Class)(1) |
0.70
%
|
19.73
%
|
9.33
%
|
10.98
%
|
|
Asset Allocation |
Fidelity® VIP Freedom 2050 PortfolioSM (Service Class)(1) |
0.70
%
|
19.68
%
|
9.33
%
|
10.98
%
|
|
Asset Allocation |
Fidelity® VIP Freedom 2055 PortfolioSM (Service Class)(1) |
0.70
%
|
19.71
%
|
9.33
%
|
- |
|
Asset Allocation |
Fidelity® VIP Freedom 2060 PortfolioSM (Service Class)(1) |
0.70
%
|
19.75
%
|
9.33
%
|
- |
|
Asset Allocation |
Fidelity® VIP Freedom Retirement PortfolioSM (Service Class)(1)(2) |
0.46
%
|
9.56
%
|
2.25
%
|
4.34
%
|
|
Asset Allocation |
MML VIP Aggressive Allocation Fund (Initial Class)(1)(3) |
0.98
%
|
14.17
%
|
8.36
%
|
9.53
%
|
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|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Asset Allocation |
MML VIP American Funds 65/35 Allocation Fund |
1.02
%
|
14.54
%
|
7.37
%
|
8.39
%
|
|
Asset Allocation |
MML VIP Balanced Allocation Fund (Initial Class)(1)(5) |
0.86
%
|
11.10
%
|
4.76
%
|
6.33
%
|
|
Asset Allocation |
MML VIP Conservative Allocation Fund (Initial Class)(1)(6) |
0.83
%
|
10.29
%
|
3.98
%
|
5.59
%
|
|
Asset Allocation |
MML VIP Growth Allocation Fund (Initial Class)(1)(7) |
0.90
%
|
12.99
%
|
7.08
%
|
8.38
%
|
|
Asset Allocation |
MML VIP Moderate Allocation Fund (Initial Class)(1)(8) |
0.87
%
|
11.83
%
|
5.72
%
|
7.08
%
|
|
Money Market |
MML VIP Barings U.S. Government Money Market Fund |
0.52
%
|
3.80
%
|
2.87
%
|
1.80
%
|
|
Fixed Income |
BlackRock High Yield V.I. Fund (Class I) |
0.54
%
(*)
|
9.22
%
|
4.81
%
|
6.32
%
|
|
Fixed Income |
BlackRock Total Return V.I. Fund (Class I) |
0.43
%
(*)
|
8.02
%
|
-0.36
%
|
2.18
%
|
|
Fixed Income |
Eaton Vance VT Floating-Rate Income Fund (ADV Class) |
0.94
%
|
4.35
%
|
4.91
%
|
4.70
%
|
|
Fixed Income |
Fidelity® VIP Bond Index Portfolio (Service Class 2) |
0.39
%
|
6.76
%
|
-0.81
%
|
- |
|
Fixed Income |
Franklin Strategic Income VIP Fund (Class 2) |
1.07
%
(*)
|
7.24
%
|
1.92
%
|
3.10
%
|
|
Fixed Income |
Goldman Sachs Core Fixed Income Fund (Service) |
0.67
%
(*)
|
7.32
%
|
-0.81
%
|
1.87
%
|
|
Fixed Income |
Invesco V.I. Global Strategic Income Fund (Series I) |
0.95
%
(*)
|
12.98
%
|
1.65
%
|
3.01
%
|
|
Fixed Income |
LVIP American Century Inflation Protection Fund (Service Class) |
0.72
%
(*)
|
6.33
%
|
0.62
%
|
2.61
%
|
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|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Fixed Income |
MFS® Government Securities Portfolio (Initial Class) |
0.56
%
(*)
|
6.99
%
|
-0.68
%
|
1.29
%
|
|
Fixed Income |
MML VIP Barings Core Bond Fund (Initial Class)(11) |
0.45
%
|
7.85
%
|
0.48
%
|
2.64
%
|
|
Fixed Income |
MML VIP Barings Inflation-Protected and Income Fund |
0.65
%
|
5.89
%
|
1.12
%
|
3.15
%
|
|
Fixed Income |
MML VIP Barings Short-Duration Bond Fund (Class II)(13) |
0.59
%
|
5.96
%
|
2.56
%
|
2.57
%
|
|
Fixed Income |
MML VIP Fidelity Institutional AM® Core Plus Bond Fund |
0.61
%
|
7.41
%
|
-0.83
%
|
1.83
%
|
|
Fixed Income |
PIMCO Emerging Markets Bond Portfolio (Advisor Class) |
1.27
%
|
14.92
%
|
2.35
%
|
4.97
%
|
|
Fixed Income |
PIMCO Global Bond Opportunities Portfolio (Unhedged) (Administrative Class) |
1.15
%
|
12.78
%
|
0.15
%
|
2.46
%
|
|
Fixed Income |
PIMCO High Yield Portfolio (Administrative Class) |
0.81
%
|
8.99
%
|
3.99
%
|
5.58
%
|
|
Fixed Income |
PIMCO Long-Term U.S. Government Portfolio |
2.48
%
|
6.32
%
|
-6.79
%
|
0.03
%
|
|
Fixed Income |
PIMCO Real Return Portfolio (Administrative Class) |
1.39
%
|
7.87
%
|
1.22
%
|
3.22
%
|
|
Fixed Income |
PIMCO Total Return Portfolio (Administrative Class) |
0.73
%
|
8.92
%
|
0.02
%
|
2.36
%
|
|
Fixed Income |
T. Rowe Price Limited-Term Bond Portfolio |
0.50
%
(*)
|
5.73
%
|
2.17
%
|
2.35
%
|
|
Fixed Income |
Templeton Global Bond VIP Fund (Class 1) |
0.50
%
(*)
|
16.09
%
|
-0.69
%
|
0.11
%
|
|
Balanced |
MML VIP BlackRock® Balanced Fund (Initial Class)(1)(15) |
0.51
%
|
12.84
%
|
7.86
%
|
9.21
%
|
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|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Large Cap Value |
BlackRock Basic Value V.I. Fund (Class I) |
0.74
%
(*)
|
24.38
%
|
13.12
%
|
10.84
%
|
|
Large Cap Value |
Invesco V.I. Comstock Fund (Series I) |
0.75
%
|
17.44
%
|
15.43
%
|
11.95
%
|
|
Large Cap Value |
MFS® Value Series (Initial Class) |
0.69
%
(*)
|
13.01
%
|
9.95
%
|
10.05
%
|
|
Large Cap Value |
MML Income & Growth Fund (Initial Class) |
0.72
%
|
13.34
%
|
12.35
%
|
10.73
%
|
|
Large Cap Value |
MML VIP Franklin Templeton Equity Fund (Initial Class)(16) |
0.44
%
|
17.49
%
|
13.75
%
|
11.23
%
|
|
Large Cap Value |
MML VIP T. Rowe Price Equity Income Fund (Initial Class)(17) |
0.79
%
|
14.45
%
|
11.14
%
|
10.52
%
|
|
Large Cap Blend |
Fidelity® VIP Contrafund® Portfolio (Initial Class) |
0.54
%
|
21.48
%
|
15.36
%
|
15.77
%
|
|
Large Cap Blend |
Fidelity® VIP Index 500 Portfolio (Service Class) |
0.19
%
|
17.66
%
|
14.20
%
|
14.59
%
|
|
Large Cap Blend |
Fidelity® VIP Total Market Index Portfolio (Service Class 2) |
0.36
%
|
16.86
%
|
12.86
%
|
- |
|
Large Cap Blend |
Invesco V.I. Diversified Dividend Fund (Series I) |
0.68
%
|
15.74
%
|
10.80
%
|
9.20
%
|
|
Large Cap Blend |
LVIP JPMorgan U.S. Equity Fund (Standard Class)(18) |
0.63
%
|
14.54
%
|
13.69
%
|
14.84
%
|
|
Large Cap Blend |
MFS® Blended Research® Core Equity Portfolio (Initial Class) |
0.30
%
(*)
|
16.10
%
|
15.30
%
|
13.88
%
|
|
Large Cap Blend |
MML Focused Equity Fund (Class II) |
0.90
%
|
7.90
%
|
8.75
%
|
12.51
%
|
|
Large Cap Blend |
MML Sustainable Equity Fund (Initial Class) |
0.56
%
|
11.50
%
|
11.93
%
|
12.98
%
|
|
Large Cap Blend |
MML VIP BlackRock® Equity Index Fund (Service Class I)(19)(20) |
0.69
%
|
17.07
%
|
13.63
%
|
14.05
%
|
13
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|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Large Cap Blend |
MML VIP Invesco Main Street Equity Fund (Class II)(21) |
0.80
%
|
16.15
%
|
12.47
%
|
14.45
%
|
|
Large Cap Blend |
MML VIP JPMorgan U.S. Research Enhanced Equity Fund |
0.77
%
|
10.59
%
|
7.06
%
|
6.11
%
|
|
Large Cap Growth |
Fidelity® VIP Growth Portfolio (Service Class) |
0.65
%
|
14.78
%
|
13.58
%
|
17.33
%
|
|
Large Cap Growth |
Invesco V.I. American Franchise Fund (Series I) |
0.85
%
|
11.66
%
|
10.35
%
|
14.87
%
|
|
Large Cap Growth |
MFS® Growth Series (Initial Class) |
0.73
%
(*)
|
12.19
%
|
11.10
%
|
15.60
%
|
|
Large Cap Growth |
MML VIP American Funds Growth Fund (Service Class I)(23)(24)(25) |
1.02
%
|
19.66
%
|
12.89
%
|
17.47
%
|
|
Large Cap Growth |
MML VIP Loomis, Sayles Large Cap Growth Fund (Initial Class)(26) |
0.70
%
|
15.09
%
|
14.97
%
|
16.34
%
|
|
Large Cap Growth |
MML VIP T. Rowe Price Blue Chip Growth Fund (Initial Class)(27) |
0.78
%
|
18.41
%
|
11.08
%
|
15.25
%
|
|
Small/Mid-Cap Value |
Franklin Small Cap Value VIP Fund (Class 2) |
0.91
%
(*)
|
7.65
%
|
8.86
%
|
9.81
%
|
|
Small/Mid-Cap Value |
Goldman Sachs Mid Cap Value Fund (Institutional) |
0.81
%
(*)
|
9.39
%
|
10.06
%
|
10.02
%
|
|
Small/Mid-Cap Value |
MFS® Mid Cap Value Portfolio (Initial Class) |
0.79
%
(*)
|
5.98
%
|
10.18
%
|
9.95
%
|
|
Small/Mid-Cap Value |
MML Small/Mid Cap Value Fund (Initial Class) |
0.82
%
|
2.40
%
|
8.68
%
|
8.70
%
|
|
Small/Mid-Cap Value |
MML VIP American Century Mid Cap Value Fund (Initial Class)(28) |
0.89
%
|
8.97
%
|
8.80
%
|
9.14
%
|
|
Small/Mid-Cap Value |
MML VIP American Century Small Company Value Fund |
0.99
%
(*)
|
-3.39
%
|
5.15
%
|
8.54
%
|
14
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|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Small/Mid-Cap Value |
Nomura VIP Small Cap Value Series (Service Class)(30) |
1.04
%
|
7.83
%
|
8.93
%
|
8.84
%
|
|
Small/Mid-Cap Blend |
BlackRock Small Cap Index V.I. Fund (Class III) |
0.47
%
|
12.37
%
|
5.67
%
|
9.17
%
|
|
Small/Mid-Cap Blend |
BNY Mellon MidCap Stock Portfolio (Service Shares) |
1.05
%
(*)
|
9.81
%
|
9.39
%
|
8.51
%
|
|
Small/Mid-Cap Blend |
Fidelity® VIP Extended Market Index Portfolio (Service Class 2) |
0.37
%
|
12.03
%
|
7.75
%
|
- |
|
Small/Mid-Cap Blend |
Goldman Sachs Small Cap Equity Insights Fund (Institutional) |
0.82
%
(*)
|
16.14
%
|
10.48
%
|
10.85
%
|
|
Small/Mid-Cap Blend |
Invesco V.I. Small Cap Equity Fund (Series I) |
0.96
%
|
8.05
%
|
7.32
%
|
9.55
%
|
|
Small/Mid-Cap Blend |
Lord Abbett Mid Cap Stock Portfolio (Class VC) |
1.15
%
|
7.05
%
|
10.16
%
|
7.98
%
|
|
Small/Mid-Cap Blend |
MML VIP Invesco Small Cap Equity Fund (Initial Class)(31) |
0.71
%
|
8.86
%
|
8.38
%
|
10.73
%
|
|
Small/Mid-Cap Blend |
Voya RussellTM Mid Cap Index Portfolio (Class S)(20) |
0.65
%
(*)
|
9.92
%
|
8.00
%
|
10.32
%
|
|
Small/Mid-Cap Blend |
Voya RussellTM Small Cap Index Portfolio (Class S)(20) |
0.68
%
(*)
|
12.07
%
|
5.45
%
|
9.00
%
|
|
Small/Mid-Cap Growth |
Goldman Sachs Mid Cap Growth Fund (Service) |
0.98
%
(*)
|
7.36
%
|
4.68
%
|
11.59
%
|
|
Small/Mid-Cap Growth |
Lord Abbett Developing Growth Portfolio (Class VC)(20) |
1.04
%
(*)
|
14.59
%
|
-1.17
%
|
11.03
%
|
|
Small/Mid-Cap Growth |
LVIP American Century Capital Appreciation Fund |
0.79
%
(*)
|
6.72
%
|
5.16
%
|
11.47
%
|
|
Small/Mid-Cap Growth |
MML VIP Invesco Discovery Mid Cap Fund (Class II)(32) |
0.85
%
(*)
|
- |
- |
- |
|
Small/Mid-Cap Growth |
MML VIP T. Rowe Price Mid Cap Growth Fund (Initial Class)(33) |
0.82
%
|
4.35
%
|
3.82
%
|
9.94
%
|
15
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|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Small/Mid-Cap Growth |
MML VIP Wellington Small Cap Growth Equity Fund |
1.05
%
(*)
|
7.34
%
|
2.67
%
|
10.59
%
|
|
International/Global |
Fidelity® VIP International Index Portfolio (Service Class 2) |
0.41
%
|
32.82
%
|
7.76
%
|
- |
|
International/Global |
Fidelity® VIP Overseas Portfolio (Initial Class) |
0.72
%
|
20.39
%
|
6.62
%
|
7.93
%
|
|
International/Global |
Franklin Mutual Global Discovery VIP Fund (Class 2) |
1.16
%
|
23.34
%
|
12.00
%
|
8.52
%
|
|
International/Global |
Goldman Sachs International Equity Insights Fund (Institutional) |
0.81
%
(*)
|
38.48
%
|
11.09
%
|
8.24
%
|
|
International/Global |
Invesco V.I. EQV International Equity Fund (Series I) |
0.90
%
|
16.50
%
|
3.68
%
|
6.22
%
|
|
International/Global |
Invesco V.I. International Growth Fund (Series I)(35) |
1.00
%
(*)
|
16.32
%
|
2.15
%
|
5.64
%
|
|
International/Global |
LVIP American Century International Fund (Standard Class II) |
0.95
%
(*)
|
15.98
%
|
1.85
%
|
6.42
%
|
|
International/Global |
MFS® International Intrinsic Equity Portfolio (Initial Class)(36) |
0.89
%
(*)
|
33.26
%
|
7.28
%
|
9.95
%
|
|
International/Global |
MML Foreign Fund (Initial Class) |
0.92
%
|
32.60
%
|
9.01
%
|
6.72
%
|
|
International/Global |
MML VIP Invesco Global Fund (Class II)(37) |
0.81
%
|
23.11
%
|
7.51
%
|
9.96
%
|
|
International/Global |
MML VIP MFS International Equity Fund (Class II)(38) |
0.93
%
(*)
|
25.54
%
|
7.32
%
|
7.23
%
|
|
International/Global |
Nomura VIP Emerging Markets Series (Service Class)(39) |
1.46
%
(*)
|
80.77
%
|
8.48
%
|
11.86
%
|
|
International/Global |
Voya International Index Portfolio (Class S)(20) |
0.70
%
(*)
|
30.48
%
|
8.21
%
|
7.62
%
|
16
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|
Fund Type |
Fund and Adviser/Sub-Adviser |
Current Expenses (expenses/ average assets) |
Average Annual Total Returns |
||
|
1 Year |
5 Year |
10 Year |
|||
|
Specialty(40) |
Fidelity® VIP Real Estate Portfolio (Service Class) |
0.70
%
|
3.04
%
|
4.12
%
|
3.77
%
|
|
Specialty(40) |
Invesco V.I. Global Real Estate Fund (Series I) |
1.02
%
|
7.85
%
|
1.73
%
|
2.44
%
|
|
Specialty(40) |
MFS® Global Real Estate Portfolio (Initial Class) |
0.90
%
(*)
|
3.53
%
|
1.32
%
|
5.01
%
|
|
Specialty(40) |
MFS® Utilities Series (Initial Class) |
0.78
%
(*)
|
15.01
%
|
7.64
%
|
9.49
%
|
|
Specialty(40) |
Nomura VIP Asset Strategy Series (Service Class)(41) |
0.77
%
(*)
|
16.66
%
|
7.07
%
|
7.84
%
|
|
Specialty(40) |
Nomura VIP Science and Technology Series (Service Class)(42) |
1.15
%
|
33.36
%
|
13.71
%
|
17.20
%
|
|
Specialty(40) |
PIMCO All Asset Portfolio (Administrative Class)(1) |
2.13
%
(*)
|
14.20
%
|
5.60
%
|
6.77
%
|
|
Specialty(40) |
PIMCO CommodityRealReturn® Strategy Portfolio (Advisor Class) |
3.29
%
(*)
|
18.66
%
|
10.44
%
|
6.42
%
|
| Fidelity, Contrafund and Fidelity Institutional AM are registered service marks of FMR LLC. Used with permission. |
| (*) | This Fund is subject to an expense reimbursement or fee waiver arrangement. As a result, this Fund's annual expenses reflect temporary expense reductions. See the Fund prospectus for additional information. |
| (1) | These are fund-of-funds investment choices. They are known as fund-of-funds because they invest in other underlying funds. A fund offered in a fund-of-funds structure may have higher expenses than a direct investment in its underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. |
| (2) | Fidelity® VIP Freedom Retirement PortfolioSM formerly known as Fidelity® VIP Freedom Income Portfolio.SM |
| (3) | MML VIP Aggressive Allocation Fund formerly known as MML Aggressive Allocation Fund. |
| (4) | MML VIP American Funds 65/35 Allocation Fund formerly known as MML American Funds Core Allocation Fund. |
| (5) | MML VIP Balanced Allocation Fund formerly known as MML Balanced Allocation Fund. |
| (6) | MML VIP Conservative Allocation Fund formerly known as MML Conservative Allocation Fund. |
| (7) | MML VIP Growth Allocation Fund formerly known as MML Growth Allocation Fund. |
| (8) | MML VIP Moderate Allocation Fund formerly known as MML Moderate Allocation Fund. |
| (9) | You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The yield of this Fund may become very low during periods of low interest rates. After deduction of Separate Account charges, the yield in the division that invests in this Fund could be negative. |
| (10) | MML VIP Barings U.S. Government Money Market Fund formerly known as MML U.S. Government Money Market Fund. |
| (11) | MML VIP Barings Core Bond Fund formerly known as MML Managed Bond Fund. |
| (12) | MML VIP Barings Inflation-Protected and Income Fund formerly known as MML Inflation-Protected and Income Fund. |
| (13) | MML VIP Barings Short-Duration Bond Fund formerly known as MML Short-Duration Bond Fund. |
17
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| (14) | MML VIP Fidelity Institutional AM® Core Plus Bond Fund formerly known as MML Total Return Bond Fund. |
| (15) | MML VIP BlackRock® Balanced Fund formerly known as MML Blend Fund. |
| (16) | MML VIP Franklin Templeton Equity Fund formerly known as MML Equity Fund. |
| (17) | MML VIP T. Rowe Price Equity Income Fund formerly known as MML Equity Income Fund. |
| (18) | Effective May 1, 2023, this Fund is closed to new investors. |
| (19) | MML VIP BlackRock® Equity Index Fund formerly known as MML Equity Index Fund. |
| (20) | Effective May 1, 2021, this Fund is closed to new investors. |
| (21) | MML VIP Invesco Main Street Equity Fund formerly known as MML Fundamental Equity Fund. |
| (22) | MML VIP JPMorgan U.S. Research Enhanced Equity Fund formerly known as MML Managed Volatility Fund. |
| (23) | The Fund is a "feeder" fund, meaning that it does not buy investment securities directly, but instead invests in shares of a corresponding "master" fund, which in turn purchases investment securities. A fund offered in a master feeder structure may have higher expenses than those of a fund which invests directly in securities because the "feeder" fund bears its own expenses in addition to those of the "master" fund. You should read the Fund prospectuses for more information about this "feeder" fund. |
| (24) | The MML VIP American Funds Growth Fund invests all of its assets in the Class 1 shares of the American Funds Insurance Series® - Growth Fund. However, this Fund is not available directly as an investment choice under your MassMutual variable product. You should read the prospectus along with the prospectus for the MML VIP American Funds Growth Fund. |
| (25) | MML VIP American Funds Growth Fund formerly known as MML American Funds Growth Fund. |
| (26) | MML VIP Loomis, Sayles Large Cap Growth Fund formerly known as MML Large Cap Growth Fund. |
| (27) | MML VIP T. Rowe Price Blue Chip Growth Fund formerly known as MML Blue Chip Growth Fund. |
| (28) | MML VIP American Century Mid Cap Value Fund formerly known as MML Mid Cap Value Fund. |
| (29) | MML VIP American Century Small Company Value Fund formerly known as MML Small Company Value Fund. |
| (30) | Nomura VIP Small Cap Value Series formerly known as Macquarie VIP Small Cap Value Series. |
| (31) | MML VIP Invesco Small Cap Equity Fund formerly known as MML Small Cap Equity Fund. |
| (32) | MML VIP Invesco Discovery Mid Cap Fund formerly known as MML Invesco Discovery Mid Cap Fund. |
| (33) | MML VIP T. Rowe Price Mid Cap Growth Fund formerly known as MML Mid Cap Growth Fund. |
| (34) | MML VIP Wellington Small Cap Growth Equity Fund formerly known as MML Small Cap Growth Equity Fund. |
| (35) | Invesco V.I. International Growth Fund formerly known as Invesco Oppenheimer V.I. International Growth Fund. |
| (36) | MFS® International Intrinsic Equity Portfolio formerly known as MFS® International Intrinsic Value Portfolio. |
| (37) | MML VIP Invesco Global Fund formerly known as MML Global Fund. |
| (38) | MML VIP MFS International Equity Fund formerly known as MML International Equity Fund. |
| (39) | Nomura VIP Emerging Markets Series formerly known as Macquarie VIP Emerging Markets Series. |
| (40) | Specialty funds are an all-encompassing category that consists of funds that forgo broad diversification to concentrate on a certain segment of the economy or a specific targeted strategy. For example, sector funds are targeted strategy funds aimed at specific sectors of the economy, such as financial, technology, healthcare, and so on. Sector funds can, therefore, be more volatile than a more diversified equity fund since the stocks in a given sector tend to be highly correlated with each other. |
| (41) | Nomura VIP Asset Strategy Series formerly known as Macquarie VIP Asset Strategy Series. |
| (42) | Nomura VIP Science and Technology Series formerly known as Macquarie VIP Science and Technology Series. |
18
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This Summary Prospectus incorporates by reference the MassMutual Electrum policy's statutory prospectus and Statement of Additional Information (SAI), both dated April 27, 2026, as amended or supplemented. The SAI includes additional information about Massachusetts Mutual Variable Life Separate Account I.
You can find the statutory prospectus and SAI at www.MassMutual.com/Electrum. You can also obtain this information at no cost by calling (800) 665-2654 or by sending an email request to [email protected].
EDGAR Contract Identifier: C000182366
LI8097-USP
Massachusetts Mutual Variable Life Separate Account I published this content on April 24, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 24, 2026 at 19:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]