Index Protector 5 MVA
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Highlights
Index Protector 5 MVA is a product without early withdrawal charges. this product features a market value adjustment that end after five years.
For more information about submitting New Business applications, please contact the MassMutual Ascend sales desk directly at 1-888-504-7109 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
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index |
|---|---|
| Purpose | Accumulation |
|
Surrender schedule
|
No Surrender Charge |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
01/06/2020 |
|
Minimum contribution
|
$50,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
89 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch |
Brochure
|
Open brochure |
Find out if the Index Protector 5 MVA is the right product for you.
Premium Notes
Issue ages
Qualified: 0–89
Non-qualified: 0–89
Inherited IRA: 0–75
Inherited non-qualified: 0–75
Purchase payments
This product accepts a single purchase payment for non-qualified, traditional 403(b), Roth 403(b), traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Inherited IRA, Inherited non-qualified, 401(a) and 457 plan funds. Additional purchase payments allowed during the first two months of the contract only. Terms begin only on the 6th and 20th of each month. Purchase payments received prior to the beginning of a term will be held in the purchase payment account until the beginning of the next term. Additional purchase payments have their own interest crediting terms.
Minimum:
Initial purchase payment: $50,000;
Additional purchase payments: $25,000 (accepted in first two contract months)
MassMutual Ascend only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.
Maximum:
$2 million for ages 0-75;
$1.5 million for ages 76-80,
$1 million for ages 81+
Maximums apply to the total purchase payments made to all annuities from the companies of MassMutual Ascend with the same owners or the same annuitants.
Qualified: 0–89
Non-qualified: 0–89
Inherited IRA: 0–75
Inherited non-qualified: 0–75
Purchase payments
This product accepts a single purchase payment for non-qualified, traditional 403(b), Roth 403(b), traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Inherited IRA, Inherited non-qualified, 401(a) and 457 plan funds. Additional purchase payments allowed during the first two months of the contract only. Terms begin only on the 6th and 20th of each month. Purchase payments received prior to the beginning of a term will be held in the purchase payment account until the beginning of the next term. Additional purchase payments have their own interest crediting terms.
Minimum:
Initial purchase payment: $50,000;
Additional purchase payments: $25,000 (accepted in first two contract months)
MassMutual Ascend only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.
Maximum:
$2 million for ages 0-75;
$1.5 million for ages 76-80,
$1 million for ages 81+
Maximums apply to the total purchase payments made to all annuities from the companies of MassMutual Ascend with the same owners or the same annuitants.
Withdrawal Provisions
Free Withdrawal Allowance
- During the first contract year, 10% of purchase payments may be withdrawn without a market value adjustment.
- After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without a market value adjustment.
Advisory fee withdrawals
Amounts applied to pay advisory fees up to 1.5 per year are not subject to an MVA and do not reduce the free withdrawal allowance. This favorable treatment advisory fees are provided under endorsement E6061519NW. For states that haven't approved the endorsement, the favorable treatment is non-contractual.
Amounts applied to pay advisory fees up to 1.5 per year are not subject to an MVA and do not reduce the free withdrawal allowance. This favorable treatment advisory fees are provided under endorsement E6061519NW. For states that haven't approved the endorsement, the favorable treatment is non-contractual.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
5.35%
Fixed
|
| 5-Year Fixed Account |
Fixed
|
5.35%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12.75%
Cap
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year US Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
90%
Participation
|
| 1-Year iShares US Real Estate PTP Cap |
Point to Point
Annual
|
15.5%
Cap
|
| 1-Year Fixed Account |
Fixed
|
5.5%
Fixed
|
| 5-Year Fixed Account |
Fixed
|
5.5%
Fixed
|
| 1-Year iShares MSCI EAFE ETF PTP Cap |
Point to Point
Annual
|
13.75%
Cap
|
| 1-Year US Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year S&P 500 Average DRC 10% PR PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
13%
Cap
|
| 1-Year iShares US Real Estate PTP Cap |
Point to Point
Annual
|
16.5%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (5-Year Lock) |
Point to Point
Annual
|
17.5%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
17.75%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (5-Year Lock) |
Point to Point
Annual
|
17.75%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
18%
Cap
|
Surrender schedule
| Year |
|---|
| Penalty |
Riders
No Riders for Index Protector 5 MVA annuity.
Waivers
Terminal Illness
Unavailable in states: MA
100% account value when criteria met
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 upon surrender or annuitization of the contract. The nursing home waiver does not include home health care.
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