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 Amounts withdrawn under the ESP program before the end of a term will not earn any indexed interest.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
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
|
---|---|
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 |
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.
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 |
Ready to Protect Your Financial Future?
Request a free quote or talk to our financial expert to get help