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Fixed Indexed Annuity

American Legend 7 — Massmutual Ascend Life Insurance Company

Massmutual Ascend Life Insurance Company

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10%

Best S&P 500 Annual Cap

10%

Free W/D

50

Available jurisdictions

Product data status: October 2, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what American Legend 7 would do for you

Set your numbers and switch between growth, income, and liquidity. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer
Illustrative — live CANNEX rates as of October 2, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$312,053
Gross crediting illustration at age 80 (American Legend 7)
Excludes the 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1% annual IncomeSecure charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1% annual IncomeSecure charge (income option; applicability depends on contract terms). This is not a net contract value.
10%
Best S&P 500 1-yr point-to-point cap

Gross crediting illustration for each line; excludes the 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1% annual IncomeSecure charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1% annual IncomeSecure charge (income option; applicability depends on contract terms).

S&P 500 Index — 10% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down index year has 0% index credit before rider charges. This illustration deducts no rider charge and is not a net contract value. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies American Legend 7's published cap rate (10% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Gross crediting only: this illustration excludes the 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1% annual IncomeSecure charge (income option; applicability depends on contract terms); 1.1% annual Income Ascender charge (income option; applicability depends on contract terms); 1% annual IncomeSecure charge (income option; applicability depends on contract terms) reported in the source. Applicable rider charges depend on contract terms; their deduction bases are not modeled. Each listed charge is not deducted, and no net contract value is shown. Not a projection, quote, or guarantee. Live CANNEX rates as of October 2, 2026.

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rate data

Run numbers for American Legend 7

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Massmutual Ascend Life Insurance Company product.

Live product data

Rates as of October 2, 2026, from AdvisorWorld and CANNEX.

GLWB lifetime withdrawal rate

7.25% lifetime payout + 9%/yr · simple · for up to 10 years roll-up

A seven-year income-rider fixed indexed annuity from a dual-agency-rated US carrier, with an optional IncomeSecure GLWB rider that publishes a contractually guaranteed lifetime withdrawal rate scaling by age and deferral, alongside an account-value menu of S&P 500 cap, volatility-controlled, and gold-linked strategies.

1.1% annual rider feeRMD-friendly income ridersAdvisorWorld + CANNEX data

Best fit

Income-focused buyers who want a contractually guaranteed lifetime withdrawal rate from a GLWB rider attached to a seven-year FIA chassis backed by a dual-agency-rated carrier, who expect to actually elect income later, and who accept an ongoing rider fee in exchange for the lifetime-payout guarantee.

AM Best

A++ Superior

Surrender period

7 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

10% cap rate

Rate effective Sep 21, 2026

Annual point-to-point

Requested state: TX

1-year term · 7-year surrender · $100,000+

S&P 500

S&P 500 Index

7.1% trigger rate

Rate effective Sep 21, 2026

Performance trigger

Requested state: TX

1-year term · 7-year surrender · $100,000+

S&P 500

S&P 500 Index

Locked Cap Strategy

9.1% cap rate

Rate effective Sep 21, 2026

7-year point-to-point

Requested state: TX

7-year term · 7-year surrender · $100,000+

Fixed Account

Fixed Account

4.05% declared rate

Rate effective Sep 21, 2026

Fixed account

Requested state: TX

1-year term · 7-year surrender · $100,000+

+ 6 additional crediting options (S&P 500, iShares US, SPDR Gold...)

Lifetime Income Riders

Income rider

Income Ascender

RMD friendly
Lifetime payout rate7.25% lifetime payout
Annual rider fee1.1% annual rider fee
Guaranteed roll-up9%/yr · simple · for up to 10 years

Income rider

IncomeSecure

RMD friendly
Lifetime payout rate5.4% lifetime payout
Annual rider fee1% annual rider fee
Guaranteed roll-up10%/yr · simple · for up to 10 years

Product analyst notes

How to think about this contract

Why it can stand out

  • Carries the IncomeSecure GLWB rider, an optional lifetime-income rider with a contractually guaranteed withdrawal rate that scales by age and by deferral years — the income story on this contract is the rider, not the index cap, and the page shows the rider rate as the headline because that is the buyer-relevant guarantee.
  • A.M. Best Superior plus Standard & Poor's Strong — dual-agency financial-strength corroboration on the carrier behind a seven-year income-rider FIA, rather than a single-source rating.
  • Crediting menu pairs a recognizable S&P 500 annual point-to-point cap with named volatility-controlled indexes (S&P 500 Average Daily Risk Control, S&P U.S. Retiree Spending) and a SPDR Gold Shares strategy on the account-value side, so buyers can choose between like-for-like S&P comparison and alternative crediting mechanics for the underlying account value that backs rider charges.
  • Free-withdrawal allowance and the seven-year declining surrender ladder are visible on this page alongside the rider terms — buyers can read the liquidity terms before committing to the rider election.

What to confirm

  • The IncomeSecure rider carries an ongoing rider fee deducted from the account value. A buyer who never turns income on still pays the rider fee for as long as the rider is attached — the lifetime-income story only delivers value if the buyer expects to actually elect income later. The fee is published on the live feed; confirm it before electing the rider.
  • Rider rates scale by deferral years and issue age — the figure in the headline reflects the highest currently published variant on this contract and is not a contractual promise of what a specific buyer at a specific age will receive. The buyer's own rate depends on their age at election and how long they defer.
  • Caps and participation rates on the account-value crediting strategies reset at the carrier's discretion at renewal under guaranteed-minimum floors well below current headline rates — the cap is a current-period figure, not a seven-year guarantee, and the account-value growth that backs the rider charges is therefore variable across years.
  • The First Trust Barclays Edge Index strategy in the account-value menu is a proprietary participation-rate strategy on a non-recognizable index — its participation rate is not directly comparable to an S&P 500 cap. Evaluate it on its own back-tested behavior, not on a side-by-side rate read.

Not ideal for

Accumulation-focused buyers who would rather skip the rider fee and let the account value grow on the cap alone, buyers who want a shorter three-or-five-year surrender window without an income rider in the contract, or buyers who prefer a MYGA-style declared rate with no rider mechanics — none of those are what this contract is structured to deliver.

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All crediting strategies

View rate listings (20 strategies)

These listings show published strategy details and any available rates. Use the filters to narrow by index, term, premium band, or rate type.

Par: 75% · 1-yr

S&P 500 Average Daily Risk Control Price Return Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Par: 75% · 1-yr

S&P 500 Average Daily Risk Control Price Return Index

Point-to-point

Requested state: TX7-yr surrender$100,000+

Par: 70% · 1-yr

S&P U.S. Retiree Spending Total Return Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Par: 70% · 1-yr

S&P U.S. Retiree Spending Total Return Index

Point-to-point

Requested state: TX7-yr surrender$100,000+

Cap: 13.75% · 1-yr

First Trust Barclays Edge Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Cap: 13.75% · 1-yr

First Trust Barclays Edge Index

Point-to-point

Requested state: TX7-yr surrender$100,000+

Cap: 12% · 1-yr

iShares US Real Estate ETF

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Cap: 12% · 1-yr

SPDR Gold Shares

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Cap: 12% · 1-yr

iShares US Real Estate ETF

Point-to-point

Requested state: TX7-yr surrender$100,000+

Cap: 12% · 1-yr

SPDR Gold Shares

Point-to-point

Requested state: TX7-yr surrender$100,000+

Cap: 10% · 1-yr

S&P 500 Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Cap: 10% · 1-yr

S&P 500 Index

Point-to-point

Requested state: TX7-yr surrender$100,000+

Trigger: 7.1% · 1-yr

S&P 500 Index

Performance trigger · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Trigger: 7.1% · 1-yr

S&P 500 Index

Performance trigger

Requested state: TX7-yr surrender$100,000+

Fixed: 4.05% · 1-yr

Fixed Account

Fixed account · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Fixed: 4.05% · 1-yr

Fixed Account

Fixed account

Requested state: TX7-yr surrender$100,000+

Cap: 13.65% · 7-yr

First Trust Barclays Edge Index

Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Cap: 13.65% · 7-yr

First Trust Barclays Edge Index

Point-to-point

Requested state: TX7-yr surrender$100,000+

Cap: 9.1% · 7-yr

S&P 500 Index

Locked Cap Strategy · Point-to-point · 0% annual strategy fee

Requested state: TXRate effective Sep 21, 20267-yr surrender$100,000+

Cap: 9.1% · 7-yr

S&P 500 Index

Locked Cap Strategy · Point-to-point

Requested state: TX7-yr surrender$100,000+

Income riders

Income rider

Income Ascender

RMD friendly
Lifetime withdrawal rate7.25%
Annual rider fee1.1%
Guaranteed roll-up9%/yr · simple · for up to 10 years
Deferral assumed10 years
Issue age40 — 85
Joint availabilityJoint life

GLWB

Income rider

Income Ascender

RMD friendly
Lifetime withdrawal rate6.75%
Annual rider fee1.1%
Guaranteed roll-up9%/yr · simple · for up to 10 years
Deferral assumed10 years
Issue age40 — 85
Joint availabilityJoint life

GLWB

Income rider

Income Ascender

RMD friendly
Lifetime withdrawal rate5.9%
Annual rider fee1.1%
Guaranteed roll-up9%/yr · simple · for up to 10 years
Deferral assumed0 years
Issue age40 — 85
Joint availabilityJoint life

GLWB

Income rider

IncomeSecure

RMD friendly
Lifetime withdrawal rate5.4%
Annual rider fee1%
Guaranteed roll-up10%/yr · simple · for up to 10 years
Deferral assumed0 years
Issue age40 — 85
Joint availabilityJoint life

GLWB

Income rider

Income Ascender

RMD friendly
Lifetime withdrawal rate5.4%
Annual rider fee1.1%
Guaranteed roll-up9%/yr · simple · for up to 10 years
Deferral assumed0 years
Issue age40 — 85
Joint availabilityJoint life

GLWB

Income rider

IncomeSecure

RMD friendly
Lifetime withdrawal rate4.9%
Annual rider fee1%
Guaranteed roll-up10%/yr · simple · for up to 10 years
Deferral assumed0 years
Issue age40 — 85
Joint availabilityJoint life

GLWB

Linked review

American Legend 7 review notes

Discover the features, rates, and riders of MassMutual American Legend 7 Fixed Indexed Annuity. Secure your retirement with growth and security.

4/5Read review
Nikhil Bhauwala

Common questions about American Legend 7

● Can I lose money in American Legend 7?

A negative index return by itself does not reduce the contract's account value: American Legend 7 credits 0% — the floor — for that indexed period. The account value can still decrease from the published rider fee, withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● Is the Income Ascender income rider worth the 1.1% fee?

It depends on whether you will use the guaranteed income. If you are accumulating only, you can skip it. If you want guaranteed lifetime income later, the published roll-up (9%/yr · simple · for up to 10 years) and 7.25% withdrawal rate can make it worthwhile — model it in the Income tab of the analyzer above.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 7 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do American Legend 7's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available American Legend 7 strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Death benefit

Inheritance Enhancer

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

2.40%

Minimum guaranteed cap for cap-based indexed strategies.

Declared-rate floor

2.40%

Minimum guaranteed declared rate for declared-rate or performance-trigger strategies.

Fixed account guarantee

0.25%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

5.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Certain period, Joint life, Single life

Published payout options from the normalized contract facts.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

9%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

Yr 6

4%

Yr 7

3%

After

0%

Nursing home waiver, Terminal illness waiver

Documents

product guide

b1477525nw-2.pdf

Confidence: highReviewed Apr 4, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA++
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

American Legend 7 currently shows 20 indexed or fixed crediting options, including S&P 500 Index, with 12 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 10% annual cap, 0% annual strategy fee
  • S&P 500 Index: 10% annual cap
  • S&P 500 Index: 7.1% annual trigger rate, 0% annual strategy fee
  • S&P 500 Index: 7.1% annual trigger rate

Income rider language

What to look for before treating the rider as income

Income Ascender is the main income rider listed for this product. Rider terms can affect the tradeoff between future lifetime withdrawals, contract value, beneficiary value, and cost, so the exact state version and rider election should be confirmed before comparing it to annuitization or income-only contracts.

  • 7.25% withdrawal rate
  • 1.1% rider fee
  • 10 deferral years
  • RMD friendly
  • Joint life availability

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 7 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as b1477525nw-2.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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