AssuranceSelect 5 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
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
8%8%7%6%5% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
05/21/2018 |
|
Minimum contribution
|
$10,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
89 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the AssuranceSelect 5 Plus is the right product for you.
Premium Notes
You can purchase this annuity with an initial purchase payment of $10,000 or more. You can add to your annuity during the first contract year 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.
Minimum: $10,000
- $1 million for ages 0-85
- $500,000 for ages 86+
Qualified 0-89
Non-qualified 0-89
Inherited IRA 0-75
Inherited non-qualified 0-75
Inherited IRA and inherited non-qualified contracts not available on contracts with a rider.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.35%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.3%
Cap
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 1-Year SPDR Gold PTP Cap |
Point to Point
Annual
|
10.25%
Cap
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year S&P 500 PTP Cap (5-Year Lock) |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year Fixed Account |
Fixed
|
4.6%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.8%
Cap
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year SPDR Gold PTP Cap |
Point to Point
Annual
|
10.75%
Cap
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 PTP Cap (5-Year Lock) |
Point to Point
Annual
|
10%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
13.25%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (5-Year Lock) |
Point to Point
Annual
|
13%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
13.75%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (5-Year Lock) |
Point to Point
Annual
|
13.5%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% |
Riders
No Riders for AssuranceSelect 5 Plus annuity.
Waivers
Nursing Home
Available
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 prognosis 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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