Fixed Indexed Annuity
American Legend 7
MassMutual Ascend Life Insurance Company · AM Best A++
4.0/5
S&P 500 annual cap
8.75%
CANNEX via AdvisorWorld · as of July 15, 2026
DB-backed product comparison
American Legend 7 vs Allianz 222
Decision-first comparison using current product data, carrier backing, review ratings, liquidity, surrender terms, rider mechanics, and sourced disclosures.
Live CANNEX-backed data via AdvisorWorld. Each figure below carries its source and as-of timing.
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VS
Fixed Indexed Annuity
Allianz 222
Allianz Life Insurance Company of North America · AM Best A+
3.5/5
S&P 500 annual cap
4.5%
CANNEX via AdvisorWorld · as of July 15, 2026
Auto-verdict
American Legend 7 leads on top annual cap, fixed account rate, carrier strength; Allianz 222 leads on participation rate, annual fee; liquidity and income rider availability are tied. This compares current accumulation metrics and is not a personalized recommendation.
- On top annual cap, American Legend 7 has the higher figure (8.75% cap · S&P 500 · 1-yr point-to-point vs 4.5% cap · S&P 500 · 1-yr point-to-point); Allianz 222 is lower.
- On fixed account rate, American Legend 7 has the higher figure (4.05% fixed account vs 2.8% fixed account); Allianz 222 is lower.
- On carrier strength, American Legend 7 has the higher figure (A++ AM Best vs A+ AM Best); Allianz 222 is lower.
- On participation rate, Allianz 222 has the higher figure (250% participation · S&P 500 Futures Daily Risk Control 5% Index Excess Return · annual vs 75% participation · S&P 500 Average Daily Risk Control Price Return Index · annual); American Legend 7 is lower.
- On annual fee, Allianz 222 has the lower figure (No annual fee returned vs 1.1% max annual rider/strategy fee); American Legend 7 is higher.
- On liquidity, both show 10%/yr free withdrawal.
- On income rider availability, both show 2 income riders returned.
Auto-generated from live data, accumulation metrics only, not a recommendation.
Live side by side
Compare on the numbers
Only metrics that apply to this product type are shown. Missing applicable values show unavailable.
| Metric | American Legend 7 | Allianz 222 |
|---|---|---|
| Top annual capAnnual point-to-point cap; S&P 500 preferred when the live strategy set includes it. | 8.75% cap · S&P 500 · 1-yr point-to-pointLeading CANNEX via AdvisorWorld · as of July 15, 2026 | 4.5% cap · S&P 500 · 1-yr point-to-point CANNEX via AdvisorWorld · as of July 15, 2026 |
| Top participation rateAnnual participation strategy; not ranked against cap rates. | 75% participation · S&P 500 Average Daily Risk Control Price Return Index · annual CANNEX via AdvisorWorld · as of July 15, 2026 | 250% participation · S&P 500 Futures Daily Risk Control 5% Index Excess Return · annualLeading CANNEX via AdvisorWorld · as of July 15, 2026 |
| Performance triggerAnnual trigger strategy returned by the live FIA strategy feed. | 7.1% trigger · S&P 500 · annual CANNEX via AdvisorWorld · as of July 15, 2026 | unavailable CANNEX via AdvisorWorld · as of July 15, 2026 |
| Fixed account rateFixed account strategy when returned by the live feed. | 4.05% fixed accountLeading CANNEX via AdvisorWorld · as of July 15, 2026 | 2.8% fixed account CANNEX via AdvisorWorld · as of July 15, 2026 |
| AM Best ratingCarrier financial strength from the live product/rating feed when available. | A++ AM BestLeading CANNEX via AdvisorWorld · as of July 15, 2026 | A+ AM Best CANNEX via AdvisorWorld · as of July 15, 2026 |
| Free withdrawalAnnual free-withdrawal percentage returned in product detail. | 10%/yr free withdrawalTie CANNEX via AdvisorWorld · as of July 15, 2026 | 10%/yr free withdrawalTie CANNEX via AdvisorWorld · as of July 15, 2026 |
| Surrender periodShorter surrender period is highlighted as more flexible. | 7 years surrender periodLeading CANNEX via AdvisorWorld · as of July 15, 2026 | 10 years surrender period CANNEX via AdvisorWorld · as of July 15, 2026 |
| Annual feeHighest annual rider or strategy fee returned; lower is highlighted. | 1.1% max annual rider/strategy fee CANNEX via AdvisorWorld · as of July 15, 2026 | No annual fee returnedLeading CANNEX via AdvisorWorld · as of July 15, 2026 |
| Income riderAvailability only; rider fit depends on payout, cost, and goals. | 2 income riders returnedTie CANNEX via AdvisorWorld · as of July 15, 2026 | 1 income rider returnedTie CANNEX via AdvisorWorld · as of July 15, 2026 |
| Minimum premiumLower minimum premium is highlighted as easier to access. | $10,000 minimum premiumLeading CANNEX via AdvisorWorld · as of July 15, 2026 | $20,000 minimum premium CANNEX via AdvisorWorld · as of July 15, 2026 |
Scenario tool
Which one credits more in one index year?
Head-to-head crediting
Applies each product's live annual strategy rate to one hypothetical index year.
American Legend 7
First Trust Barclays Edge Index annual cap · 13.75% annual cap
Allianz 222
S&P 500 annual cap · 4.5% annual cap
At a +15% index year, the credited-interest illustration is:
American Legend 713.75%
Allianz 2224.5%
American Legend 7 credits more here (13.75% vs 4.5%).
Assumptions: one hypothetical index year, one allocation to the displayed annual strategy for each product, and a 0% floor. Caps, trigger rates, participation rates, renewal rates, allocations, and state availability can change. This is educational only and is not a carrier-approved illustration.
Illustrative tool inputs use live product figures from CANNEX via AdvisorWorld · as of July 15, 2026.
Review-backed context
What the reviews say about each product
Linked review
American Legend 7
4.0/5
“Discover the features, rates, and riders of MassMutual American Legend 7 Fixed Indexed Annuity. Secure your retirement with growth and security.”
Attributed to Nikhil Bhauwala.
Read the full reviewLinked review
Allianz 222
3.5/5
CFA take
“As Allianz is one of the strongest life insurance companies in the world, it may prove to be an ideal policy for a very conservative annuitant who is looking for income protection above anything.”
“As Allianz is one of the strongest life insurance companies in the world, it may prove to be an ideal policy for a very conservative annuitant who is looking for income protection above anything.”
Attributed to Nikhil Bhauwala.
Read the full reviewCommon questions
Decision FAQs from the same numbers
Is American Legend 7 or Allianz 222 better for growth?
On top annual cap, American Legend 7 has the higher figure (8.75% cap · S&P 500 · 1-yr point-to-point vs 4.5% cap · S&P 500 · 1-yr point-to-point); Allianz 222 is lower. On participation rate, Allianz 222 has the higher figure (250% participation · S&P 500 Futures Daily Risk Control 5% Index Excess Return · annual vs 75% participation · S&P 500 Average Daily Risk Control Price Return Index · annual); American Legend 7 is lower. On fixed account rate, American Legend 7 has the higher figure (4.05% fixed account vs 2.8% fixed account); Allianz 222 is lower.
Is American Legend 7 or Allianz 222 better for income?
On income rider availability, both show 2 income riders returned. Rider availability is only one income input; payout rates, rider fees, start age, and state availability still need review.
Is American Legend 7 or Allianz 222 better for liquidity?
On liquidity, both show 10%/yr free withdrawal. On surrender period, American Legend 7 has the lower figure (7 years surrender period vs 10 years surrender period); Allianz 222 is higher. On annual fee, Allianz 222 has the lower figure (No annual fee returned vs 1.1% max annual rider/strategy fee); American Legend 7 is higher.
How to read this comparison
Compare the product job, not just one number.
Rates matter, but surrender terms, liquidity, rider mechanics, state availability, and carrier strength decide whether a product actually fits.
Rate context
Caps, participation rates, triggers, and fixed buckets show how each FIA creates accumulation potential.
Control
Free-withdrawal and surrender terms are visible because liquidity can be worth as much as a small rate difference.
Carrier backing
Guarantees are backed by the issuing insurer, so carrier ratings and product availability belong next to the rate table.
Disclosures and sources
Live product figures are sourced from CANNEX via the AdvisorWorld public API and are labeled with source and as-of timing. Product-type-specific rows are shown only when they apply; missing applicable values show unavailable and are not backfilled with stale figures.
The verdict is auto-generated from live accumulation metrics only and is not a recommendation. The crediting and guaranteed-growth tools are illustrative, use the stated assumptions, and are not projections, quotes, or carrier-approved illustrations.
Rates vary by state, premium band, and issue age. Caps and participation rates can change. Annuity guarantees are backed by the issuing carrier's claims-paying ability and are not FDIC-insured. Educational only.
Use the comparison as a starting point.
Then go back to the main rate pages to see the broader market, or run the whole-income comparison when income guarantees are the question.
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Use the public comparison freely. A personalized report is optional when you want projections based on your age, state, premium, and goals.
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