Fixed index annuity review and rates

Premier Income Bonus

Premier Income Bonus is a fixed-indexed annuity with a built-in rider that offers:
  • 6% rider bonus, 6% roll-up rate, and 10-year rollup period (1.15% annual rider charge)
  • Guaranteed retirement income
  • The competitive earning potential with multiple interest crediting strategies
  • Flexibility to contribute additional purchase payments during the first two contract months
  • Access to your money with 10% penalty-free withdrawals
  • Early withdrawal charges and market value adjustments that end after seven years
  • Liquidity with extended care and terminal illness waiver riders
Available in states: AL, AZ, AR, 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, RI, SC, SD, TN, TX, VT, VA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.5% Fixed
1-Year S&P 500 DRC 10% TR 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
65% Participation
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
10% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.25% Cap
1-Year Fixed Account
Fixed
3.6% Fixed
1-Year S&P U.S. Retiree Spending TR PTP Participation Rate
Point to Point
Annual
70% Participation
1-Year S&P 500 DRC 10% TR PTP Participation Rate
Point to Point
Annual
70% Participation
1-Year iShares U.S. Real Estate PTP Cap
Point to Point
Annual
10.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.5% Cap

Surrender schedule

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

Riders

Name Inbuilt Fee
Premier Income Bonus GLWB Yes 1.15% 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
$10,000
Types of funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and NQ Stretch