Fixed index annuity review and rates

Index Protector 7

The Index Protector 7 is intended for distribution by Investment Advisor Representatives doing fee-based planning, this zero commission fixed-indexed annuity offers a return of premium guarantee at no additional charge. It has a 7 year surrender charge period.
The Index Protector 7 is issued with single premium and accepts additional payments in the first two months of the contract.
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IA, KS, KY, LA, ME, MD, MA, MI, MS, MT, NE, NV, NH, NJ, NM, NC, ND, OK, OR, RI, SC, SD, TN, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
5.15% Fixed
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
12.5% Cap
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
11% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.25% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year S&P US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year S&P 500 PTP Cap (7-Year Lock)
Point to Point
Annual
9.75% Cap
1-Year Fixed Account
Fixed
5.25% Fixed
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
13% Cap
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
11.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
12% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year S&P US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year S&P 500 PTP Cap (7-Year Lock)
Point to Point
Annual
10% Cap

Surrender schedule

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

Riders

Name Inbuilt Fee
Income Defender No 0.85% 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
$100,000
Types of funds
Non-Qualified, IRA, 401a, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, and NQ Stretch