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Withdrawals exceeding the 10% annual free-withdrawal limit, or full surrender during the initial seven-year term, are subject to early withdrawal charges and may also incur an MVA. Charges decline each year and end after year seven; excess withdrawals during the first seven contract years can also be subject to MVA.

Included waiver riders listed above (Extended Care; Terminal Illness).

Any death benefit is paid directly to beneficiaries, helping them avoid the cost and delays of probate.

After the first contract year, if confined to a nursing home/long-term care facility for at least 90 consecutive days, may withdraw up to 100% of account value without early withdrawal charge.

After the first contract year, if diagnosed terminally ill (prognosis 12 months or less, or longer as required by state law), may withdraw up to 100% of account value without early withdrawal charge.

(These waiver riders are not available in Massachusetts. In California, the extended care waiver is replaced with a broader facility/home/community-based services waiver rider.)

During the first contract year, owners may withdraw up to 10% of purchase payments. After the first contract year, owners may withdraw up to 10% of the account value based on the most recent contract anniversary. Withdrawals above the penalty-free amount may be subject to early withdrawal charges and an MVA.

American Freedom Stars & Stripes 7 (MVA) is a Single Premium Deferred Annuity (SPDA). The owner makes a one-time purchase payment (minimum $10,000) and earns a base rate that increases by 0.25% each year in years 2–7 (annual increase never less than 0.01%). During the first contract year, the contract permits penalty-free withdrawals up to 10% of purchase payments; after the first contract year, up to 10% of account value (based on the most recent contract anniversary) may be withdrawn penalty-free. Withdrawals above the free amount, or full surrender, during the initial term may be subject to early withdrawal charges and a Market Value Adjustment (MVA); these end after seven years.

At the end of a multi-year term, if a new term longer than one year is available, the owner can renew for one-year termsor begin a new multi-year term. If no election is made, the contract renews for one-year terms, and no MVA or early withdrawal charge applies during one-year terms. (MVA/early withdrawal charge apply during every multi-year renewal term, except during the last 30 days of the term.)

The surrender value equals the account value minus any applicable early withdrawal charges and any applicable MVA; MVA can be positive or negative depending on interest rate movements.

 is a single-premium fixed annuity built for steady accumulation through guaranteed escalating rates during an initial seven-year term. It provides principal protection (subject to withdrawals), tax-deferred growth (where applicable), built-in liquidity via penalty-free withdrawals, and the option to convert contract value into guaranteed income through available payout options.

Withdrawals exceeding the 10% annual free-withdrawal limit, or full surrender during the initial five-year term, are subject to early withdrawal charges and may also incur an MVA. Charges decline each year and end after year five; amounts in excess withdrawals during the first five contract years can also be subject to MVA. 

If the owner dies, any death benefit is paid directly to beneficiaries, helping them avoid the cost and delays of probate 

 During the first contract year, owners may withdraw up to 10% of purchase payments. After the first contract year, owners may withdraw up to 10% of the account value based on the most recent contract anniversary. Withdrawals above the penalty-free amount may be subject to early withdrawal charges and an MVA.

American Freedom Stars & Stripes 5 (MVA) is a Single Premium Deferred Annuity (SPDA). The owner makes a one-time purchase payment (minimum $10,000) and earns a base interest rate that steps up by 0.15% each year in years 2–5 during the initial five-year term (annual increase never less than 0.01%). During the first contract year, the contract permits penalty-free withdrawals up to 10% of purchase payments; after the first contract year, up to 10% of account value (based on the most recent contract anniversary) may be withdrawn penalty-free. Withdrawals above the free amount, or full surrender, during the initial term may be subject to early withdrawal charges and a Market Value Adjustment (MVA); these end after five years.

The surrender value equals the account value minus any applicable early withdrawal charges and any applicable MVA(MVA may increase or decrease surrender value depending on rate movements).

 is a single-premium fixed annuity designed to deliver predictable accumulation through guaranteed escalating interest rates across an initial five-year term. The credited rate increases annually during the term, while the contract provides principal protection (subject to withdrawals), tax-deferred growth (where applicable), penalty-free access provisions, and the ability to convert values into guaranteed income through available payout options.  

Withdrawals exceeding the 10% annual penalty-free withdrawal limit, or a full surrender during the guarantee period, are subject to surrender charges. Charges decline each year until reaching 0% after the term. All funds become fully surrender-charge-free at the end of the guarantee period. 

None. No annual maintenance or policy fees.  

If the owner dies before annuitization, beneficiaries receive the account value, paid directly to them.

 After the first contract year, if confined to a nursing home or long-term care facility for at least 90 consecutive days, the owner may withdraw up to 100% of account value without incurring surrender charges (state variations apply).

After the first contract year, if diagnosed with a terminal illness (prognosis of survival 12 months or less, or longer if required by state law), the owner may withdraw up to 100% of account value without incurring surrender charges (state variations apply).

Extended care and terminal illness waiver riders are not available in Massachusetts. In California, the extended care waiver is replaced with a broader facility/home/community-based services waiver rider.

During the first contract year, owners may withdraw up to 10% of purchase payments without surrender charges. After the first contract year, owners may withdraw up to 10% of the account value based on the most recent contract anniversary without surrender charges. Withdrawals above these limits may be subject to surrender charges during the surrender charge period.

American Freedom Stars & Stripes 7 is a Single Premium Deferred Annuity (SPDA) funded with a one-time purchase payment. Interest grows tax-deferred and the credited interest rate steps up annually during the initial term (years 2–7). The contract offers annual liquidity through a 10% penalty-free withdrawal feature, while withdrawals above the free amount (or full surrender) during the guarantee period are subject to a declining surrender charge schedule. This entry reflects the Non-MVA version requested. 

At the end of the initial term, if no election is made, the contract renews into one-year terms under the contract’s renewal rules.

The surrender value equals the account value minus any applicable surrender charges.

 is a single-premium fixed annuity designed for conservative accumulation with principal protection and tax-deferred growth. During the initial 7-year term, the contract credits a base interest rate in year 1 and then increases each year through year 7, creating a predictable, contractually defined step-up rate path for clients who want stable growth without market risk. 

Withdrawals above the 10% free-withdrawal amount (or full surrender) during the initial term are subject to an early withdrawal charge schedule that declines annually and ends after the term. The product is intended to be long-term; all remaining surrender charges end after the initial term.  

None. No annual maintenance or policy fees.

If the owner dies before annuitization, beneficiaries receive the account value.

 After the first contract year, if confined to a nursing home/long-term care facility for 90 consecutive days, may withdraw up to 100% of account value without early withdrawal charge.

 After the first contract year, terminal illness (prognosis 12 months or less, or longer if required by state law) allows withdrawal up to 100% without early withdrawal charge.

(These waiver riders are not available in Massachusetts; California uses a different waiver rider for facility/home/community-based services.)

During the first contract year, owners may withdraw up to 10% of purchase payments without early withdrawal charges. After the first contract year, owners may withdraw up to 10% of the account value based on the most recent contract anniversary without early withdrawal charges. Withdrawals above these limits may be subject to early withdrawal charges during the surrender charge period. 

American Freedom Stars & Stripes 5 is a Single Premium Deferred Annuity (SPDA) funded with a one-time purchase payment. Interest grows tax-deferred, and the credited rate steps up annually during the initial term. Liquidity is provided through a 10% penalty-free withdrawal feature, with early withdrawal charges applying to amounts above the free allowance during the initial 5-year period. At the end of the multi-year term, the contract includes renewal options (including default renewal into one-year terms if no election is made).

At the end of the multi-year term, if a new multi-year term is available, the owner can renew into one-year terms or begin a new multi-year term. If no choice is made, the contract automatically renews for one-year terms (no MVA or early withdrawal charge applies during one-year terms; MVA/charges apply during multi-year renewal terms except during the last 30 days of the term).  

The surrender value equals the account value minus any applicable early withdrawal charges (and MVA where applicable). In Non-MVA states noted below, the Non-MVA rates apply.  

 is a single-premium fixed annuity designed for conservative accumulation with guaranteed increasing interest rates during the initial 5-year term. The annuity credits a base rate in year 1, then increases by 0.15% each year in years 2–5, providing predictable, tax-deferred growth and principal protection (unless withdrawals are taken during the early withdrawal charge period). 

Withdrawals exceeding the 10% annual free-withdrawal amount, or a full surrender during an initial or renewal term, are subject to early withdrawal charges. The charge schedule is term-specific and declines as the contract years progress, reaching 0% after the end of the applicable term.

None. There are no upfront sales charges or ongoing policy fees; 100% of the purchase payment is allocated to the annuity.

If the owner dies before annuitization, the contract pays a death benefit directly to the named beneficiaries, helping them avoid the delays and costs of probate.  Once annuitized, any remaining benefits follow the elected income payout option.

Extended care and terminal illness waiver riders are not available in Massachusetts. In California, the extended care waiver is replaced with a Waiver of Early Withdrawal Charges for Facility Care or Home Care or Community-Based Services Rider, which waives charges under a broader set of conditions.

During the first contract year, owners may withdraw up to 10% of total purchase payments without early withdrawal charges. After the first year, up to 10% of the account value on the most recent contract anniversary may be withdrawn annually without early withdrawal charges. Unused portions of the 10% free-withdrawal allowance do not carry over to subsequent contract years.

 and non-qualified funds. Issue ages are specified separately for Qualified, Non-Qualified, Inherited IRA, and Inherited Non-Qualified ownership types.

American Freedom Aspire is a Single Premium Deferred Fixed Annuity issued by MassMutual Ascend Life Insurance Company. The owner makes a one-time purchase payment (with limited additional payments allowed in the first 60 days) and selects a 3-, 5-, or 7-year term. Each purchase payment receives its own interest rate that is guaranteed for the full length of the applicable term (3, 5, or 7 years).  Throughout the term, interest is credited daily at the declared rate and grows tax-deferred. After the first contract year, the policy allows annual penalty-free withdrawals up to 10% of the account value (based on the prior anniversary), while withdrawals above this amount may be subject to early withdrawal charges.  At the end of each term, the contract may offer the option to renew into a new term of the same length (3, 5, or 7 years, depending on the product) at then-current renewal rates. An early withdrawal charge schedule applies during each initial and any renewal term.

Each purchase payment has its own initial term:

At the end of each term, the contract may offer the option to renew that purchase payment into a new term of the same length at the then-current renewal rate. Early withdrawal charges apply during any renewal term just as in the initial term.

The surrender value equals the account value minus any applicable early withdrawal charges, but not less than the Guaranteed Minimum Surrender Value (GMSV). The GMSV is equal to 87.5% of purchase payments, minus all prior withdrawals (excluding early withdrawal charges), plus interest credited daily at the contract’s GMSV rate (currently 2.80% for this series).  The GMSV will not be less than the minimum values required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities.

 series is a single-premium fixed deferred annuity offered in 

. It provides fixed, tax-deferred interest growth and full principal protection, making it ideal for conservative savers seeking predictable accumulation over a set multi-year term. Each purchase payment receives a fixed interest rate guaranteed for the entire period selected. 

The product includes a built-in Return of Premium (ROP) guarantee

—ensuring that, once the ROP eligibility period is met for the selected term, the owner may surrender the contract and receive no less than their total purchase payments minus withdrawals (including amounts used to pay rider charges), providing an additional layer of principal security. It also offers straightforward contract mechanics, optional renewal after each term, penalty-free withdrawal features, and available income options for long-term retirement planning.

Withdrawals that exceed the 10% annual penalty-free withdrawal allowance, or a full surrender during the term, are generally subject to early withdrawal charges and may also be subject to a Market Value Adjustment (MVA). Charges decline by contract year until they reach 0% after the surrender-charge period ends. SecureGain 3 adds a special rule: at the end of the first 3-year term (last 30 days), surrenders are not subject to early withdrawal charges or MVA.

According to the brochure, “early withdrawal charges and market value adjustments apply if you surrender your annuity or take withdrawals from it during the initial seven-year term. Early withdrawal charges and market value adjustments do not apply to amounts covered by the 10% free withdrawal allowance.” These charges end after year seven. The MVA is a rate-sensitive adjustment which can either increase or decrease the payout for excess withdrawals, but details on the exact surrender charge schedule (e.g., year-by-year percentages) are not listed in this version of the rate flier.

None listed beyond the included waiver riders.

The death benefit is paid directly to beneficiaries (avoiding probate delays/costs) if death occurs before annuitization. 

Extended care and terminal illness waiver riders are not available in Massachusetts, and California uses a replacement waiver rider for extended care. 

During the first contract year, the owner may withdraw up to 10% of purchase payments. After the first contract year, the owner may withdraw up to 10% of the account value on the most recent contract anniversary. Withdrawals above the penalty-free amount may be subject to early withdrawal charges and a Market Value Adjustment (MVA) (with an additional “end-of-term” exception for SecureGain 3 at the end of year 3).

Surrenders/withdrawals above the penalty-free amount during the surrender-charge period are subject to early withdrawal charges and may also be subject to an MVA (which can increase or decrease surrender value depending on the interest-rate environment).  

 is a single-premium fixed annuity (MYGA-style) designed for clients who want principal protection and predictable, tax-deferred accumulation, with a guaranteed interest rate for a set term 

. SecureGain also offers annual penalty-free access (up to 10%) and the ability to convert contract value into guaranteed income payout options when the owner is ready. 

Withdrawals exceeding the 10% annual free-withdrawal allowance, or a full surrender during the five-year guarantee period, are subject to surrender charges and may also incur an MVA. Charges decrease annually and reach 0% after the contract term ends. All funds become fully penalty-free during the renewal window following the end of the five-year period.

None. No annual maintenance or policy fees of any kind.

If the owner dies before annuitization, beneficiaries receive the greater of the account value or the Guaranteed Minimum Surrender Value (GMSV) in a lump sum, unaffected by surrender charges or MVA. Once annuitized, remaining payments follow the elected settlement option.

 Waives surrender charges and MVA after the first contract year if the owner is confined to a nursing home or long-term care facility for at least 90 consecutive days. (Not available in Massachusetts; replaced with an expanded care waiver in California.)

Waives surrender charges and MVA if the owner is diagnosed with a terminal illness with a life expectancy of 12 months or less, provided the diagnosis occurs more than one year after the contract effective date.

During the first contract year, owners may withdraw up to 10% of the purchase payment without surrender charges or MVA. After the first anniversary, owners may withdraw up to 10% of the account value based on the most recent contract anniversary. The minimum withdrawal amount is $500, and the contract must retain at least $5,000 after any withdrawal. Unused portions of the free withdrawal allowance do not carry over to subsequent years.

 funds. Accepted types include Non-Qualified assets, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Inherited IRA, 403(b), 401(a)/401(k) (Traditional and Roth), 457(b), and Inherited Non-Qualified assets.

This annuity contract accepts a single premium and offers a guaranteed interest rate for five years. Withdrawals above 10% annually during the term are subject to a declining surrender charge and market value adjustment. The contract includes extended care and terminal illness waiver riders that allow penalty-free access under qualifying conditions. It offers guaranteed lifetime income options and provides a death benefit that avoids probate. After the initial term, clients may have the opportunity to renew for an additional five-year or one-year term, depending on interest rate availability.

At the end of the five-year guarantee period, the annuity enters a renewal window where the owner may renew for another five-year term at the declared renewal rate, surrender without penalty, take partial withdrawals without charge, or apply the account value to an income payout option. If no election is made during the renewal period, the annuity automatically renews into a new five-year term at the then-current declared rate.

The surrender value equals the account value minus any applicable surrender charges and MVA, but not less than the Guaranteed Minimum Surrender Value (GMSV), which is calculated as 87.5% of purchase payments minus prior withdrawals plus interest at the guaranteed GMSV rate (not less than required by Standard Nonforfeiture Law).

 is a five-year, single-premium fixed annuity that offers guaranteed interest, full principal protection, and penalty-free access features designed for clients who prefer predictable, conservative accumulation in a fee-based advisory environment. The product guarantees a fixed rate for the entire five-year term, protecting savings from market volatility while enabling tax-deferred growth. With built-in waiver riders, penalty-free liquidity, and flexible income payout options, Advantage 5 Advisory is designed for long-term financial planning and secure retirement income needs.

MassMutual Ascend – American Freedom Stars & Stripes 7 (MVA)

MassMutual Ascend – American Freedom Stars & Stripes 5 (MVA)

MassMutual Ascend – American Freedom Stars & Stripes 7 (Non-MVA)

MassMutual Ascend – American Freedom Stars & Stripes 5 (Non-MVA)

MassMutual Ascend – American Freedom Aspire (3-, 5-, and 7-year terms)

MassMutual Ascend – SecureGain (3-, 5-, and 7-year terms, 2025 series)

MassMutual Ascend – Advantage 5 Advisory (5-Year Term)