Fixed index annuity review and rates
American Landmark 5 Non-MVA
The American Landmark 5 is a single premium fixed-indexed annuity with 5 year surrender charge period and MVA provision. Purchase Payment Terms begin on the 6th and the 20th of each month. Purchase Payments received before the beginning of a term are placed in a holding account (called the Purchase Payment Account) where it will be credited interest daily until it is placed in the selected strategy.
Available in states:
AK, PA, and UT
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.4%
Fixed
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P 500 PTP Cap (5-Year Lock) |
Cap lock-in
Annual
|
6.5%
Cap
|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P 500 PTP Cap (5-Year Lock) |
Cap lock-in
Annual
|
6.75%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
MassMutual Ascend Life Insurance Company
Founded:
1851
A.M. Best:
A+
S&P:
A+
Moody's:
Aa3
Brochure
Free withdrawal
10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, and NQ Stretch