American Legend 7 MVA: Rates & Review

Highlights

American Legend 7 - fixed-indexed annuity offers multiple indexed strategies, accepts additional purchase payments, and features early withdrawal charges and market value adjustments that end after seven years.

For more information about submitting New Business applications, please contact the MassMutual Ascend sales desk directly at 1-888-504-7109 option 2

Available in states: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, RI, SC, SD, TN, TX, VT, VA, WA, WV, WI, and WY

Type	Fixed Index
Purpose	Lifetime Income & Legacy
Term	7 Years
Surrender schedule	9%8%7%6%5%4%3%
Free withdrawal	10%
Flexible premium	Product Life
Market value adjustment
Return of premium
Launch date	05/21/2018
Minimum contribution	$10,000
Maximum contribution	$1,000,000
Max Age Qualified	85
Types of funds	Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and NQ Stretch
Brochure	Open brochure

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Premium Notes

Purchase payments
You can purchase this annuity with an initial purchase payment of $10,000 or more. You can add to your annuity at any time with additional purchase payments of at least $2,000.
MassMutual Ascend only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.

Issue ages
Qualified: 0-85
Non-qualified: 0-85
Inherited IRA: 0-75
Inherited non-qualified: 0-75

Withdrawal Provisions

Annuitization

The following options are available following the first contract year: fixed period payout, life payout or life payout with payments for at least a fixed period, and joint and one-half survivor payout.

Free Withdrawals

During the first contract year, 10% of the purchase payments may be withdrawn without an early withdrawal charge. After the first contract year, 10% of the sum of the account value on the most recent contract anniversary, plus any purchase payments received since, may be withdrawn without an early withdrawal charge. The sum of all previous withdrawals during the same contract year will be subtracted to determine the amount available. This free withdrawal allowance is not cumulative, and unused amounts do not carry over to the next contract year.

Loan Provision

A loan endorsement is available for 403(b) and 457(b) contracts. Loans are subject to 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.

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	4.4% Fixed
1-Year S&P 500 PTP Cap (7-Year Lock)	Point to Point Annual	9.5% Cap
1-Year iShares U.S. Real Estate PTP Cap	Point to Point Annual	10.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.75% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	9.1% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate	Point to Point Annual	70% Participation
1-Year S&P U.S. Retiree Spending TR PTP Participation Rate	Point to Point Annual	75% Participation
1-Year SPDR Gold PTP Cap	Point to Point Annual	10.75% Cap
1-Year Fixed Account	Fixed	4.6% Fixed
1-Year S&P 500 PTP Cap (7-Year Lock)	Point to Point Annual	10% Cap
1-Year iShares U.S. Real Estate PTP Cap	Point to Point Annual	10.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	3% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	9.6% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate	Point to Point Annual	75% Participation
1-Year S&P U.S. Retiree Spending TR PTP Participation Rate	Point to Point Annual	80% Participation
1-Year SPDR Gold PTP Cap	Point to Point Annual	11.5% Cap
1-Year First Trust Barclays Edge PTP Cap (7-Year Lock)	Point to Point Annual	14% Cap
1-Year First Trust Barclays Edge PTP Cap	Point to Point Annual	14.1% Cap
1-Year First Trust Barclays Edge PTP Cap (7-Year Lock)	Point to Point Annual	14.5% Cap
1-Year First Trust Barclays Edge PTP Cap	Point to Point Annual	14.6% Cap

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	9%	8%	7%	6%	5%	4%	3%

Riders

Name	Inbuilt	Fee
IncomeSecure	No	0.95% annually
Inheritance Enhancer (Age 50-75)	No	1.15% annually
Inheritance Enhancer (Age 76-85)	No	1.15% annually

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 if the owner or joint owner is diagnosed by a physician as having a terminal illness with a life expectancy of 12 months or less. This waiver may be used only once.

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 may be waived on withdrawals up to a full surrender. The nursing home waiver does not include home health care.

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