American Landmark 3 Non-MVA
American Landmark 3 Non-MVA
Ratings:
- A.M. Best A++
- S&P A+
- Moody's Aa3
- Comdex 94
About Product
For more information about submitting New Business applications, please contact the MassMutual Ascend sales desk directly at 1-888-504-7109 option 2
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.05%
Fixed
|
1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
7%
Cap
|
1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
6.75%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
1-Year Fixed Account |
Fixed
|
3.15%
Fixed
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.25%
Cap
|
1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
7%
Cap
|
1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
1-Year First Trust Barclays Edge PTP Participation Rate (3-Year Lock) |
Point to Point
Annual
|
105%
Participation
|
1-Year First Trust Barclays Edge PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
1-Year First Trust Barclays Edge PTP Participation Rate (3-Year Lock) |
Point to Point
Annual
|
110%
Participation
|
1-Year First Trust Barclays Edge PTP Participation Rate |
Point to Point
Annual
|
110%
Participation
|
Surrender schedule
Year | 1 | 2 | 3 |
---|---|---|---|
Penalty | 9% | 8% | 7% |
Riders
No Riders for American Landmark 3 Non-MVA annuity.
Waivers
Nursing Home
Available
Terminal Illness
Provided that the diagnosis is rendered more than one year after the contract effective date, up to 100% of the account value can be withdrawn without deduction of an early withdrawal charge or MVA if the owner or joint owner is diagnosed by a physician as having a terminal illness with a prognosis of 12 months or less. This waiver may be used only once.
Extended Care
To help ease the strain of certain unforeseen events, an extended care waiver is available for no additional charge. If the owner is confined to a nursing home or other long-term care facility after the completion of the first contract year for at least 90 consecutive days, early withdrawal charges and MVAs may be waived on withdrawals up to a full surrender. The nursing home waiver does not include home health care.
Premium Notes
0β90 (qualified);
0β90 (non-qualified);
0β75 (inherited IRA);
0-75 (inherited non-qualified)
Issue age is the ownerβs age at last birthday. For joint owners, the oldest age will be used as the issue age. If the owner is a non-natural person, the age of the eldest annuitant will be treated as the age of the owner for all purposes under this contract.
MassMutual Ascend only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.
Withdrawal Provisions
During first contract year, 10% of purchase payments.
After first contract anniversary, 10% of the account value as of the most recent contract anniversary.