Index Achiever Advisory
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Highlights
An Index Achiever Advisory registered index-linked annuity can complement your investment portfolio and strengthen your retirement strategy. This solution allows you to:
- Participate in market growth
Opportunity to grow your money without investing directly in the market. - Take advantage of tax deferral
Your money may grow at a faster rate since taxes are deferred until you take a withdrawal or annuitize your contract. - Limit your downside risk
Indexed strategies offer floors and buffers to help reduce exposure to market risk. Plus, strategies are linked to a variety of indexes and ETFs, allowing you to diversify your exposure to different markets. - Put your money to work for you
Many retirement products charge administrative fees that can drag down performance. The Index Achiever has no upfront or recurring charges, meaning all of your money goes to work for you. A market value adjustment will apply to withdrawals or surrenders during the first six contract 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, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Accumulation |
|
Surrender schedule
|
No Surrender Charge |
|
Free withdrawal
|
100% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
07/21/2022 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the Index Achiever Advisory is the right product for you.
Premium Notes
Issue ages
0-80 (qualified);
0-80 (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.
Purchase payments
You can purchase this annuity with an initial purchase payment of $25,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $10,000.
6-year term with 10% buffer strategy is only available at issue.
0-80 (qualified);
0-80 (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.
Purchase payments
You can purchase this annuity with an initial purchase payment of $25,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $10,000.
6-year term with 10% buffer strategy is only available at issue.
Withdrawal Provisions
Early withdrawal charges
There are no early withdrawal charges. A market value adjustment (MVA) will apply during the first six contract years.
MVA
A market value adjustment will apply to withdrawals from indexed strategies or surrenders during the first six contract years.
MVA exceptions
The MVA does not apply to withdrawals taken from the declared rate strategy. A maximum of 12% can be allocated to the declared rate strategy for initial allocations and reallocations at the end of a term. The MVA also does not apply to amounts taken from an indexed strategy to pay for advisory fees.
Withdrawals
Withdrawals are allowed any time prior to the annuity payout initiation date. All withdrawals are subject to IRS regulations. Withdrawals will be taken first proportionally from the purchase payment account, then proportionally from the declared rate strategies until all declared rate strategies are exhausted, and then proportionally from indexed strategies having the shortest term. If clients would like the ability to take withdrawals from their annuity without incurring a market value adjustment, they should consider allocating a portion of their account value to the declared rate strategy.
There are no early withdrawal charges. A market value adjustment (MVA) will apply during the first six contract years.
MVA
A market value adjustment will apply to withdrawals from indexed strategies or surrenders during the first six contract years.
MVA exceptions
The MVA does not apply to withdrawals taken from the declared rate strategy. A maximum of 12% can be allocated to the declared rate strategy for initial allocations and reallocations at the end of a term. The MVA also does not apply to amounts taken from an indexed strategy to pay for advisory fees.
Withdrawals
Withdrawals are allowed any time prior to the annuity payout initiation date. All withdrawals are subject to IRS regulations. Withdrawals will be taken first proportionally from the purchase payment account, then proportionally from the declared rate strategies until all declared rate strategies are exhausted, and then proportionally from indexed strategies having the shortest term. If clients would like the ability to take withdrawals from their annuity without incurring a market value adjustment, they should consider allocating a portion of their account value to the declared rate strategy.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
12%
Cap
|
| 1-Year iShares U.S. Real Estate PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year iShares MSCI EAFE ETF PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
77%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
120%
Participation
|
| 1-Year SPDR Gold Shares PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
72%
Participation
|
| 1-Year First Trust Barclays Edge PTP Participation Rate with 50% Downside Participation Rate (2023 Limited States) |
Point to Point
Annual
|
170%
Participation
|
| 1-Year First Trust Barclays Edge PTP Participation Rate with 10% Buffer (2023 Limited States) |
Point to Point
Annual
|
140%
Participation
|
| 1-Year SPDR Gold Shares PTP Cap with 10% Buffer |
Point to Point
Annual
|
14.5%
Cap
|
| 1-Year iShares U.S. Real Estate PTP Cap with 10% Buffer |
Point to Point
Annual
|
26.5%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap with 10% Buffer |
Point to Point
Annual
|
18.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
16%
Cap
|
| 1-Year Fixed Account |
Fixed
|
3.05%
Fixed
|
| 1-Year First Trust Barclays Edge PTP Participation Rate with 50% Downside Participation Rate (2023 Limited States) |
Point to Point
Annual
|
175%
Participation
|
| 1-Year SPDR Gold Shares PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
75%
Participation
|
| 1-Year iShares U.S. Real Estate PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
76%
Participation
|
| 1-Year First Trust Barclays Edge PTP Participation Rate with 10% Buffer (2023 Limited States) |
Point to Point
Annual
|
145%
Participation
|
| 1-Year iShares MSCI EAFE ETF PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
79%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with 10% Buffer |
Point to Point
6-Year
|
125%
Participation
|
| 1-Year S&P 500 PTP Participation Rate with 50% Downside Participation Rate |
Point to Point
Annual
|
73%
Participation
|
| 1-Year iShares U.S. Real Estate PTP Cap with 10% Buffer |
Point to Point
Annual
|
27.5%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap with 10% Buffer |
Point to Point
Annual
|
19.5%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
16.5%
Cap
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
12.25%
Cap
|
| 1-Year SPDR Gold Shares PTP Cap with 10% Buffer |
Point to Point
Annual
|
15%
Cap
|
| 1-Year S&P 500 Dual Performance Trigger with 10% Buffer (2024 Limited States) |
Dual Step Up
Annual
|
7.1%
Performance triggered
|
| 6-Year Russell 2000 PTP Participation Rate with 20% Buffer (2024 Limited States) |
Point to Point
6-Year
|
102%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with 10% Buffer (2024 Limited States) |
Point to Point
6-Year
|
109%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with 20% Buffer (2024 Limited States) |
Point to Point
6-Year
|
100%
Participation
|
| 3-Year S&P 500 PTP Participation Rate with 20% Buffer (2024 Limited States) |
Point to Point
Triennial
|
100%
Participation
|
| 3-Year S&P 500 PTP Participation Rate with 10% Buffer (2024 Limited States) |
Point to Point
Triennial
|
109%
Participation
|
| 1-Year S&P 500 PTP Cap with 20% Buffer (2024 Limited States) |
Point to Point
Annual
|
11.3%
Cap
|
| 1-Year S&P 500 Performance Trigger with 20% Buffer (2024 Limited States) |
Performance Triggered
Annual
|
8.75%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 10% Buffer (2024 Limited States) |
Performance Triggered
Annual
|
10.35%
Performance triggered
|
| 1-Year S&P 500 Dual Performance Trigger with 10% Buffer (2024 Limited States) |
Dual Step Up
Annual
|
7.15%
Performance triggered
|
| 3-Year S&P 500 PTP Participation Rate with 20% Buffer (2024 Limited States) |
Point to Point
Triennial
|
104%
Participation
|
| 6-Year S&P 500 PTP Participation Rate with 20% Buffer (2024 Limited States) |
Point to Point
6-Year
|
105%
Participation
|
| 3-Year S&P 500 PTP Participation Rate with 10% Buffer (2024 Limited States) |
Point to Point
Triennial
|
113%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with 10% Buffer (2024 Limited States) |
Point to Point
6-Year
|
114%
Participation
|
| 6-Year Russell 2000 PTP Participation Rate with 20% Buffer (2024 Limited States) |
Point to Point
6-Year
|
107%
Participation
|
| 1-Year S&P 500 PTP Cap with 20% Buffer (2024 Limited States) |
Point to Point
Annual
|
11.6%
Cap
|
| 1-Year S&P 500 Performance Trigger with 20% Buffer (2024 Limited States) |
Performance Triggered
Annual
|
8.8%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 10% Buffer (2024 Limited States) |
Performance Triggered
Annual
|
10.4%
Performance triggered
|
Surrender schedule
| Year |
|---|
| Penalty |
Riders
No Riders for Index Achiever Advisory 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 incurring a negative 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.
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, any negative MVAs may be waived on withdrawals up to a full surrender. The nursing home waiver does not include home health care.
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