MassMutual Ascend Life Insurance Company
4.7
based on complex data
Annuity Educator Rating
Annuity review

SecureGain 3 – 2025

The MassMutual Ascend Life Insurance Company was originally founded in 1957 under the name of Great American Life Insurance Company. Being in the retirement savings market, their focus is to provide comprehensive transparency over their annuity products to better help clients make informed decisions. Their mission is to provide the ultimate financial security by offering a range of fixed, fixed-index, and registered index-linked annuities designed to help retirees not only preserve their wealth but also potentially generate income as well. A leading annuity provider known for its superior customer service, MassMutual Ascend has continuously maintained a strong position amidst ratings agencies. A mere three years ago, the company was purchased by MassMutual, one of the largest life insurance companies in the US, yet still operates as an independent subsidiary to this day.

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About Product

Premium Type
Single Premium with Additional
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and NQ Stretch
Launch Date
03/03/2025

MYGA Interest Rates

Term
Rate
3 years 4.75%
With the SecureGain 3, your money grows at a locked-in rate for three years, regardless of market conditions, making this annuity beneficial if you’re seeking predictable, guaranteed growth with complete protection from loss.

Issue Ages
0-90 (qualified);
0-90 (non-qualified);
0-75 (inherited IRA);
0-75 (inherited non-qualified)
For joint owners, the older age will be used as the issue age.

Purchase Payment
Minimum: Initial purchase payment: $25,000;
Maximum: $1 million for ages 0-85; $500,000 for ages 86+
Additional purchase payments of $2,000 or more may be made in the first 60 days of the contract. Additional purchase payments have their own interest crediting terms.
 
Renewals
At the end of each term, clients may have the option to begin a new three-year renewal term if available. A market value adjustment (MVA) and early withdrawal charge will apply during any renewal term.

Market Value Adjustment (MVA)
During each initial term or renewal term, an MVA will apply if the contract is surrendered or a withdrawal above the free withdrawal allowance is taken. An MVA is an adjustment to the contract values based on the change in a market interest rate index since the start of the term.

Early Withdrawal Charge
During each initial term or renewal term, an early withdrawal charge is applied to surrenders and withdrawals that exceed the free withdrawal allowance.

Free Withdrawal Allowance
Before the first contract anniversary, up to 10% of all purchase payments may be withdrawn without incurring an MVA or early withdrawal charge.
After the first contract anniversary, up to 10% of the account value as of the most recent contract anniversary may be withdrawn without incurring an MVA or early withdrawal charge.

Death Benefit
The death benefit amount is based on the greater of the account value or the GMSV. A death benefit is payable if the owner dies before annuitization or surrender. A spouse who is the surviving joint owner or sole surviving beneficiary may become the successor owner.

Payout Options
The following payout options are available: fixed period income, life income, life income with payments for at least a fixed period, and joint and one-half survivor income. The greater of the account value or the GMSV will be used to provide income benefit payments.

For more information about submitting New Business applications, please contact the MassMutual Ascend sales desk directly at 1-888-504-7109 option 2

*Please note, product availability is subject to firm and state approval 

Year by Year Account Balance

Understand how your money will increase when invested in SecureGain 3 – 2025.
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Riders

No Riders for SecureGain 3 – 2025 annuity.

Waivers

Terminal Illness

Unavailable in states: MA

If the owner is diagnosed with a terminal illness, then after the first contract year up to 100% of the account value may be withdrawn without incurring an early withdrawal charge or MVA. The first diagnosis of terminal illness must be after the contract effective date. A terminal illness is defined as an illness having a prognosis of survival of 12 months or less, or any longer period as required by state law. This waiver may be used only once.

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 long-term care facility, then after the first contract year up to 100% of the account value may be withdrawn without incurring an early withdrawal charge or MVA. The confinement must have begun after the contract effective date and must continue for at least 90 consecutive days after the later of the first contract anniversary or the first date of confinement.

Company Founded: 1851
TOP Rated Company
MassMutual Ascend Life Insurance Company
Company Ratings
4.3
  • A.M. Best A++
  • S&P AA
  • Moody's Aa3
  • Comdex 94
Assets: $46,568,130,190
Ohio

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