AssuranceSelect 3 Plus
Highlights
First-year early withdrawal charge percentages vary by institution. For detailed product information, log into your account at https://mybusiness.massmutualascend.com/fi or call 888-504-7109, option 2.
For more information about submitting New Business applications, please contact the MassMutual Ascend sales desk directly at 1-888-504-7109 option 2
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Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
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3 Years |
|
Surrender schedule
|
8%8%7% |
|
Free withdrawal
|
10% |
|
Market value adjustment
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|
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Return of premium
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|
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Launch date
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04/22/2019 |
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Minimum contribution
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$50,000 |
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Maximum contribution
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$1,000,000 |
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Max Age Qualified
|
90 |
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Types of funds
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Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the AssuranceSelect 3 Plus is the right product for you.
Premium Notes
- You can purchase this annuity with an initial purchase payment of $50,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $2,000
- Maximum Premium: $500,000 for ages 86+
Withdrawal Provisions
The greater of the account value, reduced by charges not previously deducted, and reduced by premium tax or other taxes not previously deducted; or the GMSV.
Free withdrawal allowance
During the first contract year, you may withdraw up to 10% of your purchase payments. After the first contract year, 10% of the account value on the most recent contract anniversary may be withdrawn.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.8%
Fixed
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
7.75%
Cap
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| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
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| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
8%
Cap
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
9.25%
Cap
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| 1-Year First Trust Barclays Edge PTP Participation Rate |
Point to Point
Annual
|
150%
Participation
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| 1-Year First Trust Barclays Edge PTP Participation Rate (3-Year Lock) |
Point to Point
Annual
|
155%
Participation
|
| 1-Year First Trust Barclays Edge PTP Participation Rate |
Point to Point
Annual
|
155%
Participation
|
| 1-Year First Trust Barclays Edge PTP Participation Rate (3-Year Lock) |
Point to Point
Annual
|
160%
Participation
|
Surrender schedule
| Year | 1 | 2 | 3 |
|---|---|---|---|
| Penalty | 8% | 8% | 7% |
Riders
No Riders for AssuranceSelect 3 Plus annuity.
Waivers
Nursing Home
Available
Terminal Illness
Unavailable in states: MA
After the first contract year, if you are diagnosed by a physician as having a terminal illness, you have the option to withdraw up to 100% of the account value without incurring an early withdrawal charge. A terminal illness is defined as having a prognosis of survival of 12 months or less, or a longer period as required by state law.
Extended Care
Unavailable in states: MA
After the first contract year, if you are confined to a nursing home or long-term care facility for at least 90 consecutive days, you have the option to withdraw up to 100% of the account value without incurring an early withdrawal charge. The nursing home waiver does not include home health care.
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