Index Protector 7 Non-MVA: Rates & Review

Highlights

The Index Protector 7 No MVA is intended for distribution by Investment Advisor Representatives doing fee-based planning, this zero commission fixed-indexed annuity offers a return of premium guarantee at no additional charge. It has a 7 year surrender charge period.
The Index Protector 7 No MVA is issued with single premium and accepts additional payments in the first two months of the contract.

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: CA, IN, MN, MO, OH, PA, TX, and UT

Type	Fixed Index
Purpose	Lifetime Income
Term	7 Years
Surrender schedule	7%7%7%6%5%4%3%
Free withdrawal	10%
Market value adjustment
Return of premium
Launch date	08/22/2016
Minimum contribution	$100,000
Maximum contribution	$2,000,000
Max Age Qualified	85
Types of funds	Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, and NQ Stretch
Brochure	Open brochure

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Premium Notes

Purchase payments
You can purchase this annuity with an initial purchase payment of $100,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $25,000.
MassMutual Ascend only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.
Maximum:

$2 million - issue ages 0-75
$1.5 million - issue ages 76-80
$1 million - issue ages 81+

Withdrawal Provisions

Death Benefit

The greatest of the account value, GMSV, or return of premium guarantee (after contract year three) will be paid upon the death of the owner. A spouse who is the surviving joint owner or sole surviving beneficiary may become the successor owner.

Annuitization

The following options are available following the first contract year: fixed period income, life income or life-income with payments for at least a fixed period, and joint and one-half survivor income.

Free Withdrawals

During the first contract year, the free withdrawal allowance is an amount equal to 10% of your purchase payments. In any subsequent contract year, the free withdrawal allowance is an amount equal to 10% of your account value as of the most recent contract anniversary. You may not carry over any unused part of your free withdrawal allowance from one contract year to the next.

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	5.3% Fixed
1-Year iShares MSCI EAFE ETF PTP Cap	Point to Point Annual	12.25% Cap
1-Year iShares US Real Estate PTP Cap	Point to Point Annual	14% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate	Point to Point Annual	80% Participation
1-Year US Retiree Spending TR PTP Participation Rate	Point to Point Annual	80% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	10.75% Cap
1-Year S&P 500 PTP Cap (7-Year Lock)	Point to Point Annual	10.25% Cap
1-Year Fixed Account	Fixed	5.4% Fixed
1-Year iShares MSCI EAFE ETF PTP Cap	Point to Point Annual	12.5% Cap
1-Year iShares US Real Estate PTP Cap	Point to Point Annual	14.5% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	11% Cap
1-Year S&P 500 Average DRC 10% PR PTP Participation Rate	Point to Point Annual	85% Participation
1-Year US Retiree Spending TR PTP Participation Rate	Point to Point Annual	85% Participation
1-Year S&P 500 PTP Cap (7-Year Lock)	Point to Point Annual	10.75% Cap
1-Year First Trust Barclays Edge PTP Cap	Point to Point Annual	15.25% Cap
1-Year First Trust Barclays Edge PTP Cap (7-Year Lock)	Point to Point Annual	15% Cap
1-Year First Trust Barclays Edge PTP Cap	Point to Point Annual	15.75% Cap
1-Year First Trust Barclays Edge PTP Cap (7-Year Lock)	Point to Point Annual	15.5% Cap

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	7%	7%	7%	6%	5%	4%	3%

Riders

Name	Inbuilt	Fee
Income Defender	No	0.85% annually

Waivers

Nursing Home

Available

Terminal Illness

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 an early withdrawal charge or 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

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 and 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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