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: 
  • $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
Carrier details
Free withdrawal
10%
Types of funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch