Fixed annuity review and rates
American Freedom Classic 3
This fixed annuity offers two three-year terms with the option to surrender without penalty during the last 30 days of the initial three-year term.
This product accepts single purchase payments.
Minimum:
This product accepts single purchase payments.
Minimum:
- $10,000
Maximum:
- $1 million for ages 0-85,
- $500,000 for ages 86+ without prior Home Office approval.
Issue ages
- Qualified: 0–89
- Non-qualified: 0–89
- Inherited IRA: 0–75
- Inherited non-qualified: 0–75
Guaranteed Minimum Interest Rate of 1% for all contract years. No return of premium.
Upon death of owner, beneficiaries receive the account value.
First-year early withdrawal charge percentages vary by institution. The Guaranteed Minimum feature varies by institution. For detailed product information, log into your account at GAAFI.com or call 888-504-7109, option 2.
Interest Rates
| Guaranteed Years | Surrender Years | Guaranteed Yield | Current Yield |
|---|---|---|---|
| 3 | 6 | 2.78% | 4.55% |
| 3 | 6 | 2.65% | 4.3% |
| 3 | 6 | 2.6% | 4.2% |
| 3 | 6 | 2.73% | 4.45% |
MassMutual Ascend Life Insurance Company
Founded:
1851
A.M. Best:
A+
S&P:
A+
Moody's:
Aa3
Brochure
Free withdrawal
10%
Types of funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch