Index Frontier 5 Plus
Highlights
The following strategies are only available for a term that starts in the first contract year: S&P 500 5-Year 10% Buffer with Upside Participation Rate and S&P 500 5-Year 20% Buffer with Cap.
|
Type
|
Registered Index-Linked |
|---|---|
| Purpose | Accumulation |
|
Term
|
5 Years |
|
Surrender schedule
|
8%7%6%5%4% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
05/08/2023 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$1,000,000 |
|
Max Age Qualified
|
80 |
|
Types of funds
|
Non-Qualified, 401k, IRA, 401a, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the Index Frontier 5 Plus is the right product for you.
Premium Notes
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
This product accepts a single purchase payment for the following tax qualifications:
- Non-qualified and inherited non-qualified
- IRA (traditional, Roth, SEP, SIMPLE, and inherited)
- 401(a) (including 401(k) traditional and Roth)
- 403(b) (traditional and Roth)
- Governmental 457(b) (traditional and Roth)
Minimum: Initial purchase payment: $25,000; additional purchase payments: $10,000
Maximum: $1 million for ages 0–80 Maximums apply to the total purchase payments made to all annuities from MassMutual Ascend with the same owners or the same annuitants.
Withdrawal Provisions
Withdrawals are allowed any time prior to the annuity payout initiation date. All withdrawals are subject to IRS regulations and early withdrawal charges. Withdrawals will be taken first from the purchase payment account, then from the declared rate strategy, then proportionally from the indexed strategies.
Minimum withdrawal: $500;
Minimum account value following withdrawal: $5,000
Penalty-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During the first contract year, 10% of the purchase payments may be withdrawn without an early withdrawal charge. After the first contract year, 10% of the account value on the most recent contract anniversary may be withdrawn without an early withdrawal charge.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. Withdrawals from an annuity contract may have tax consequences.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 5-Year Fixed Account |
Fixed
|
3.9%
Fixed
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
13%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
13.5%
Cap
|
| 5-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year S&P 500 PTP Cap with -10% Floor |
Point to Point
Annual
|
14%
Cap
|
| 1-Year S&P 500 PTP Cap with 10% Buffer |
Point to Point
Annual
|
13.75%
Cap
|
| 1-Year S&P 500 Dual Performance Trigger with 10% Buffer (Limited States) |
Dual Step Up
Annual
|
6.5%
Performance triggered
|
| 5-Year S&P 500 PTP Cap with 20% Buffer (Limited States) |
Point to Point
5-Year
|
52%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap with -10% Floor |
Point to Point
Annual
|
17%
Cap
|
| 1-Year S&P 500 PTP Cap with 20% Buffer (Limited States) |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year iShares U.S. Real Estate ETF PTP Cap with -10% Floor |
Point to Point
Annual
|
17%
Cap
|
| 5-Year S&P 500 PTP Participation Rate with 10% Buffer (Limited States) |
Point to Point
5-Year
|
100%
Participation
|
| 1-Year SPDR Gold Shares ETF PTP Cap with -10% Floor |
Point to Point
Annual
|
20%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap with 10% Buffer |
Point to Point
Annual
|
18.5%
Cap
|
| 1-Year S&P 500 Performance Trigger with 10% Buffer (Limited States) |
Performance Triggered
Annual
|
9.25%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 20% Buffer (Limited States) |
Performance Triggered
Annual
|
7.75%
Performance triggered
|
| 1-Year S&P 500 Dual Performance Trigger with 10% Buffer (Limited States) |
Dual Step Up
Annual
|
7%
Performance triggered
|
| 5-Year S&P 500 PTP Participation Rate with 10% Buffer (Limited States) |
Point to Point
5-Year
|
101%
Participation
|
| 5-Year S&P 500 PTP Cap with 20% Buffer (Limited States) |
Point to Point
5-Year
|
56%
Cap
|
| 1-Year S&P 500 PTP Cap with 20% Buffer (Limited States) |
Point to Point
Annual
|
9.7%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap with 10% Buffer |
Point to Point
Annual
|
18.75%
Cap
|
| 1-Year SPDR Gold Shares ETF PTP Cap with -10% Floor |
Point to Point
Annual
|
21%
Cap
|
| 1-Year iShares U.S. Real Estate ETF PTP Cap with -10% Floor |
Point to Point
Annual
|
18%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap with -10% Floor |
Point to Point
Annual
|
18%
Cap
|
| 1-Year S&P 500 Performance Trigger with 10% Buffer (Limited States) |
Performance Triggered
Annual
|
9.5%
Performance triggered
|
| 1-Year S&P 500 Performance Trigger with 20% Buffer (Limited States) |
Performance Triggered
Annual
|
8%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Index Frontier 5 Plus 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 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. In California, the Extended Care Waiver Rider has been replaced with the Waiver of Early Withdrawal Charges for Facility Care or Home Care or Community-Based Services Rider, which provides for a waiver of early withdrawal charges under an expanded variety of circumstances.
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