Fixed index annuity review and rates

American Freedom Liberty 7 MVA

American Freedom Liberty 7 is a fixed-indexed annuity, offers a bailout feature on indexed strategies, accepts additional purchase payments during the first 10 contract years, and features early withdrawal charges and market value adjustments that end after seven years. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.4% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.75% Cap
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
12.5% Cap
1-Year S&P 500 PTP Cap (7-Year Lock)
Point to Point
Annual
8.85% Cap
1-Year Fixed Account
Fixed
4.5% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.25% Cap
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
13% Cap
1-Year S&P 500 PTP Cap (7-Year Lock)
Point to Point
Annual
9.1% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%

Riders

Name Inbuilt Fee
Inheritance Enhancer (Age 50-75) No 1.15% annually
GA IncomeSecure No 0.95% annually
Inheritance Enhancer (Age 76-85) No 1.15% annually
MassMutual Ascend Life Insurance Company
Founded: 1851
A.M. Best: A+
S&P: A+
Moody's: Aa3
Carrier details
Free withdrawal
10%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch