SecureGain 3
SecureGain 3
Ratings:
- A.M. Best A++
- S&P A+
- Moody's Aa3
- Comdex 94
About Product
Traditional Fixed Annuity Interest Rates
Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
---|---|---|---|
6 | 3.2% | 3.1% | 3.2% |
For more information about submitting New Business applications, please contact the MassMutual Ascend sales desk directly at 1-888-504-7109 option 2
Issue Ages
- Qualified 0-89
- Non-qualified 0-89
- Inherited IRA 0-75
- Inherited non-qualified 0-75
Early withdrawal Charges
During the first six contract years, an early withdrawal charge starting at 9% is applied to surrenders and withdrawals that exceed the 10% penalty-free amount (except surrenders at the end of the first three-year term). All charges end after six years.
Guaranteed retirement income
With the average retirement lasting 18 years, you may worry about outliving your savings. The SecureGain 3 annuity provides the opportunity to turn the money Owner has accumulated in their annuity into a steady stream of retirement income. Depending on which payout option they choose, income benefit payments are made for a specific number of years or for life.
Protection for your loved ones
No one likes to think about it, but part of achieving peace of mind is knowing what would happen to The owner's money if they pass away unexpectedly. With the SecureGain 3 annuity, any death benefit is paid directly to the Owner's beneficiaries, which allows them to receive their financial legacy without the cost and delays of probate.
Penalty Free Withdrawals
During the first contract year, you may withdraw up to 10% of your purchase payment. After the first contract year, 10% of the account value on the most recent contract anniversary may be withdrawn.
- Guaranteed Minimum Interest Rate of 1% for all contract years. No return of premium.
- Upon death of owner, beneficiaries receive the account value.
Riders
No Riders for SecureGain 3 annuity.
Waivers
Terminal Illness
Unavailable in states: MA
After the first contract year, if you are diagnosed by a physician as having a terminal illness, you have the option to withdraw up to 100% of the account value without incurring an early withdrawal charge. A terminal illness is defined as having a prognosis of survival of 12 months or less, or a longer period as required by state law.
Surrender Window
The early withdrawal charge and the MVA will not apply if you surrender your contract during the last 30 days of the initial term.
Extended Care
Unavailable in states: MA
To help ease the strain of certain unforeseen events, an extended care waiver rider 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.