American Legend 7 MVA
The American Legend 7 MVA is a retiree's dream annuity. Not only does it give steady income, but it offers financial security for your golden years. It's a simple, relatable annuity for everyone.
No more worrying about outliving your savings. With its solid returns, American Legend 7 MVA provides peace of mind and stability for your future. It truly is a legend in retirement planning.
American Legend 7 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
|
3.7%
Fixed
|
1-Year S&P 500 PTP Cap (7-Year Lock) |
Point to Point
Annual
|
7.5%
Cap
|
1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
9%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.35%
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 SPDR Gold PTP Cap |
Point to Point
Annual
|
9.75%
Cap
|
1-Year Fixed Account |
Fixed
|
3.9%
Fixed
|
1-Year S&P 500 PTP Cap (7-Year Lock) |
Point to Point
Annual
|
8%
Cap
|
1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.85%
Cap
|
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
1-Year SPDR Gold PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
1-Year First Trust Barclays Edge PTP Cap (7-Year Lock) |
Point to Point
Annual
|
12%
Cap
|
1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
12.1%
Cap
|
1-Year First Trust Barclays Edge PTP Cap (7-Year Lock) |
Point to Point
Annual
|
12.5%
Cap
|
1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
12.6%
Cap
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
---|---|---|---|---|---|---|---|
Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
Name | Inbuilt | Fee |
---|---|---|
IncomeSecure Rider | No | 1.00% 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.
Premium Notes
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
Free Withdrawals
Loan Provision