Fixed index annuity review and rates

Index Protector 7 Non-MVA

The Index Protector 7 No MVA 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 No MVA is issued with single premium and accepts additional payments in the first two months of the contract.
Available in states: CA, IN, MN, MO, OH, PA, TX, and UT

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
5.05% Fixed
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
10.75% Cap
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
12% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate
Point to Point
Annual
80% Participation
1-Year US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
80% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
11% Cap
1-Year S&P 500 PTP Cap (7-Year Lock)
Point to Point
Annual
8.25% Cap
1-Year Fixed Account
Fixed
5.15% Fixed
1-Year iShares MSCI EAFE ETF PTP Cap
Point to Point
Annual
11% Cap
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
12.25% 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 US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year S&P 500 PTP Cap (7-Year Lock)
Point to Point
Annual
8.5% 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, and NQ Stretch