Fixed index annuity review and rates
American Landmark 3
American Landmark 3 is a fixed-indexed annuity, offers multiple indexed strategies, accepts additional purchase payments during the first two contract months, and features early withdrawal charges and market value adjustments that end after three years.
Maximum: $500,000 issue ages 86+
Maximum: $500,000 issue ages 86+
Available in states:
AL, AZ, AR, CA, CO, CT, DE, 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, RI, SC, SD, TN, TX, VT, VA, WA, WV, WI, and WY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.3%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year Fixed Account |
Fixed
|
3.4%
Fixed
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 |
|---|---|---|---|
| Penalty | 9% | 8% | 7% |
MassMutual Ascend Life Insurance Company
Founded:
1851
A.M. Best:
A+
S&P:
A+
Moody's:
Aa3
Brochure
Free withdrawal
10%
Surrender schedule
3 years
Return of premium
Market value adjustment
Minimum contribution
$50,000
Types of funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, and NQ Stretch