Fixed index annuity review and rates

AssuranceSelect 5 Plus

AssuranceSelect 5 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 five 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
4.1% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
10% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
Point to Point
Annual
75% Participation
1-Year SPDR Gold PTP Cap
Point to Point
Annual
12% Cap
1-Year S&P U.S. Retiree Spending TR PTP Participation Rate
Point to Point
Annual
80% Participation
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
11.5% Cap
1-Year S&P 500 PTP Cap (5-Year Lock)
Point to Point
Annual
8% Cap
1-Year Fixed Account
Fixed
4.25% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.5% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
Point to Point
Annual
80% Participation
1-Year SPDR Gold PTP Cap
Point to Point
Annual
12.5% Cap
1-Year S&P U.S. Retiree Spending TR PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
12% Cap
1-Year S&P 500 PTP Cap (5-Year Lock)
Point to Point
Annual
8.25% Cap

Surrender schedule

Year 1 2 3 4 5
Penalty 8% 8% 7% 6% 5%
MassMutual Ascend Life Insurance Company
Founded: 1851
A.M. Best: A+
S&P: A+
Moody's: Aa3
Carrier details
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