Annuity Educator
Best Guaranteed Annuity Rates
2-Year
5.25%
3-Year
6.25%
5-Year
6.30%
7-Year
5.80%
10-Year
5.80%

American Freedom Elevate 5

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Learn how an annuity can provide guaranteed income for life.

American Freedom Elevate 5 is a fixed annuity that offers a base interest rate that increases 0.25% in years two through seven. This product accepts single purchase payments.
For more information about submitting New Business applications, please contact the MassMutual Ascend sales desk directly at 1-888-504-7109 option 2

Purchase Payment Minimums and Maximums 
Minimum: 
  • $10,000
Maximum:
  • $1 million for ages 0-85
  • $500,000 for ages 86+
Free Withdrawal Allowance
  • During the first contract year, 10% of the purchase payment may be withdrawn without an early withdrawal charge or market value adjustment
  • After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge or market value adjustment.
  • Guaranteed Minimum Interest Rate of 1% for all contract years.  No return of premium.
  • Upon death of owner, beneficiaries receive the account value.
Market value adjustment
A market value adjustment (MVA) will apply if you surrender your contract during the first seven years. The MVA is calculated by comparing the interest rate environment when you purchase your contract to the environment when you choose to surrender your contract. This can result in an increase to your surrender value during a period of decreasing rates, or a decrease to your surrender value during a period of increasing rates. The MVA will also apply to withdrawals in excess of the 10% free-withdrawal allowance during the first seven contract years. 

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
5 years 4.45%

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