American Landmark 5 MVA
The American Landmark 5 MVA annuity shines because it guarantees steady income that'll last your lifetime, a true blessing for retirees. It's well-tailored for long-term growth, serving as a reliable friend in guarding your hard-earned money.
Surely, this user-friendly annuity makes future planning less daunting. It assures a stress-free retirement, due to its low-risk nature and high financial security. Let's embrace a future radiating with financial stability with American Landmark 5 MVA!
American Landmark 5 MVA
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
|
3.35%
Fixed
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7%
Cap
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P 500 PTP Cap (5-Year Lock) |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year Fixed Account |
Fixed
|
3.5%
Fixed
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
8.3%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year S&P 500 PTP Cap (5-Year Lock) |
Point to Point
Annual
|
7%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
12%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (5-Year Lock) |
Point to Point
Annual
|
11.75%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
12.5%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (5-Year Lock) |
Point to Point
Annual
|
12.25%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% |
Riders
No Riders for American Landmark 5 MVA annuity.
Waivers
Terminal Illness
Unavailable in states: MA
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the diagnosis is rendered more than one year after the contract effective date, up to 100% of the account value can be withdrawn without deduction of an early withdrawal charge or MVA if the owner or joint owner is diagnosed by a physician as having a terminal illness with a prognosis of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. Not available in MA.
Extended Care
Unavailable in states: MA
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.
Premium Notes
0–89 (qualified);
0–89 (non-qualified);
0–75 (inherited IRA);
0-75 (inherited non-qualified)
Issue age is the owner’s 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.
- A.M. Best A++
- S&P A+
- Moody's Aa3
- Comdex 94
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