annuity-educator-logo
Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Premier Income Bonus No MVA

Get an annuity today!
Learn how an annuity can provide guaranteed income for life.

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.
Easy systematic payment (ESP) program (non-contractual) The fixed dollar and RMD options are available. Refer to the Terms and Conditions section of the applicable ESP program election agreement form for eligibility requirements. ESP payments reduce the amount available under the free withdrawal allowance. Indexed interest is credited only at the end of a term. Amounts withdrawn under the ESP program before the end of a term will not earn any indexed interest.

Loans
A loan endorsement is available for 403(b) and 457(b) contracts. Loans are subject to the terms of the loan application and agreement (TSAL2798). Minimum loan amount: $1,000; Minimum surrender value balance that must remain following a loan: $500 plus amounts held to secure all outstanding loans on 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: AK, CA, PA, and UT
Type
Fixed Index
Purpose Lifetime Income
Term
7 Years
Surrender schedule
6%5%4%3%3%3%3%
Free withdrawal
10%
Market value adjustment
Return of premium
Launch date
08/13/2018
Minimum contribution
$10,000
Maximum contribution
$1,000,000
Max Age Qualified
85
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

Find out if the Premier Income Bonus No MVA is the right product for you.

Premium Notes

Purchase payments
You can purchase this annuity with an initial purchase payment of $10,000 or more. You can add to your annuity during the first two contract months with additional purchase payments of at least $2,000. 
MassMutual Ascend only allows additional premiums to be added as a Lump Sum, Periodic Payments are not allowed.

Withdrawal Provisions

Free withdrawal allowance
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 are allowed any time prior to the annuity commencement date. All withdrawals are subject to IRS regulations and early withdrawal charges. Withdrawals will be taken first from amounts applied to the purchase payment account, then from the interest strategy with the shortest term. If there are multiple interest strategies that meet that criterion, withdrawals will be taken proportionally from all interest strategies with the shortest term. Amounts withdrawn from an interest strategy prior to the end of a term will not be credited with interest. Minimum withdrawal: $500; Minimum account value following withdrawal: $5,000. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
5.1% Fixed
1-Year S&P 500 DRC 10% TR PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year S&P US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
12.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
12.5% Cap
1-Year Fixed Account
Fixed
5.2% Fixed
1-Year S&P 500 DRC 10% TR PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year S&P US Retiree Spending TR PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year iShares US Real Estate PTP Cap
Point to Point
Annual
13% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
13% Cap
1-Year First Trust Barclays Edge PTP Cap (7-Year Lock)
Point to Point
Annual
14% Cap
1-Year First Trust Barclays Edge PTP Cap
Point to Point
Annual
14.25% 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
14.5% 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

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 deduction of an early withdrawal charge if the owner or joint owner is diagnosed by a physician as having a terminal illness with a life expectancy 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 may be waived on withdrawals up to a full surrender. The nursing home waiver does not include home health care.

Ready to Protect Your Financial Future?

Request a free quote or talk to our financial expert to get help