Premier Income Bonus
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Highlights
Premier Income Bonus is a fixed-indexed annuity with a built-in rider that offers:
- 6% rider bonus, 6% roll-up rate, and 10-year rollup period (1.15% annual rider charge)
- Guaranteed retirement income
- The competitive earning potential with multiple interest crediting strategies
- Flexibility to contribute additional purchase payments during the first two contract months
- Access to your money with 10% penalty-free withdrawals
- Early withdrawal charges and market value adjustments that end after seven years
- Liquidity with extended care and terminal illness waiver riders
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, AZ, AR, 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, RI, SC, SD, TN, TX, VT, VA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
6%5%4%3%3%3%3% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$10,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and NQ Stretch |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
5.25%
Fixed
|
| 1-Year S&P 500 DRC 10% TR PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
13.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12.5%
Cap
|
| 1-Year Fixed Account |
Fixed
|
5.35%
Fixed
|
| 1-Year S&P U.S. Retiree Spending TR PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year S&P 500 DRC 10% TR PTP Participation Rate |
Point to Point
Annual
|
100%
Participation
|
| 1-Year iShares U.S. Real Estate PTP Cap |
Point to Point
Annual
|
14%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
13%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
14.5%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (7-Year Lock) |
Point to Point
Annual
|
14.25%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap |
Point to Point
Annual
|
15%
Cap
|
| 1-Year First Trust Barclays Edge PTP Cap (7-Year Lock) |
Point to Point
Annual
|
14.75%
Cap
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 6% | 5% | 4% | 3% | 3% | 3% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Premier Income Bonus GLWB | Yes | 1.15% annually |