Fixed index annuity review and rates

Premier Income Bonus No MVA

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.
Easy systematic payment (ESP) program (non-contractual) The fixed dollar and RMD options are available. Refer to the Terms and Conditions section of the applicable ESP program election agreement form for eligibility requirements. ESP payments reduce the amount available under the free withdrawal allowance. Indexed interest is credited only at the end of a term. Amounts withdrawn under the ESP program before the end of a term will not earn any indexed interest.

Loans 
A loan endorsement is available for 403(b) and 457(b) contracts. Loans are subject to the terms of the loan application and agreement (TSAL2798). Minimum loan amount: $1,000; Minimum surrender value balance that must remain following a loan: $500 plus amounts held to secure all outstanding loans on the contract. 
Available in states: AK, CA, PA, and UT

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.35% Fixed
1-Year S&P 500 DRC 10% TR PTP Participation Rate
Point to Point
Annual
60% Participation
1-Year S&P US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
60% Participation
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
9.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year Fixed Account
Fixed
3.45% Fixed
1-Year S&P 500 DRC 10% TR PTP Participation Rate
Point to Point
Annual
65% Participation
1-Year S&P US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
65% Participation
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
10% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.25% 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