Fixed index annuity review and rates

AssuranceSelect 3 Plus

AssuranceSelect 3 Plus 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.

First-year early withdrawal charge percentages vary by institution. For detailed product information, log into your account at GAAFI.com or call 888-504-7109, option 2.
Available in states: AL, AK, 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, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.75% Fixed
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
9.5% Cap
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
9.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap
1-Year Fixed Account
Fixed
3.85% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
9.75% Cap
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
10% Cap

Surrender schedule

Year 1 2 3
Penalty 8% 8% 7%
MassMutual Ascend Life Insurance Company
Founded: 1851
A.M. Best: A+
S&P: A+
Moody's: Aa3
Carrier details
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, 457 plan, and NQ Stretch