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Early withdrawal charges apply if you surrender your annuity or take withdrawals from it during each initial term or any renewal terms. The charge applies separately to each purchase payment and the interest it earns. The charge applies for a three-year period that starts when the purchase payment is applied to your annuity. Early withdrawal charges do not apply to amounts covered by the 10% free withdrawal allowance.

For the American Freedom Aspire 5, early withdrawal charges apply separately to each purchase payment and its earnings during the five-year term. The surrender charge begins at 7% and remains in effect for the first three years, then decreases to 6% in year four and 5% in year five. Withdrawals exceeding the 10% annual penalty-free limit are subject to this charge. After the fifth year, no early withdrawal charge applies to that purchase payment.

For the American Freedom Aspire 7, the early withdrawal charge applies over a seven-year term and also resets for each new purchase payment. The charge starts at 7% for the first three years, decreases to 6% in year four, 5% in year five, 4% in year six, and 3% in year seven. Withdrawals over the annual 10% penalty-free allowance will incur this charge. After the seventh year, withdrawals are no longer subject to this penalty for that specific contribution.

Terminal Illness Waiver and Extended Care Waiver are included.

The death benefit is equal to the greater of the account value, the return of premium, or the guaranteed minimum surrender value (GMSV). 

Waivers for terminal illness and extended care are included, allowing for penalty-free withdrawals under certain conditions.

Non-qualified and qualified plans, including 403(b) (Traditional and Roth), IRA (Traditional, Roth, SEP, SIMPLE, and Inherited), and 457(b).    

Each annuity accepts multiple purchase payments, with a base interest rate set for each payment. For Aspire 5, the interest rate increases by 0.10% annually over five years; for Aspire 7, it increases similarly over seven years. After the third contract year, the return of premium guarantee allows surrender without penalty, returning purchase payments minus withdrawals and applicable taxes. The policy includes annual free withdrawals up to 10% of the account value, a death benefit equal to the greater of the account value, return of premium, or guaranteed minimum surrender value (GMSV), and waiver riders for terminal illness and extended care. The annuities are available for both qualified and non-qualified funds, with eligibility extending to clients up to age 89 for Aspire 5 and up to age 88 for Aspire 7.  ￼

After the initial term, the contract may offer the option to renew for an additional term, subject to current rates and terms at the time of renewal.

The surrender value is equal to the greatest of the account value, minus any early withdrawal charges, the return of premium, or the guaranteed minimum surrender value (GMSV).

 are fixed annuities designed to provide predictable growth through guaranteed interest rates that increase annually over their respective five- and seven-year terms. They offer features such as a return of premium guarantee after the third contract year, 10% penalty-free withdrawals annually, and options for lifetime income. These products aim to help individuals confidently plan for their financial future with stability and flexibility. 

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.

Included at no charge are an Extended Care Waiver—which allows up to 100% of the account value to be withdrawn penalty-free after a 90-day confinement—and a Terminal Illness Waiver, permitting up to 100% penalty-free withdrawals after the first contract year. Both riders are not available in Massachusetts.  

Upon death, the annuity pays the larger of the account value or GMSV to beneficiaries, with pardoned surrender charges. 

No additional free benefits are specified beyond the standard free withdrawal allowance and death benefit payment.

Clients may withdraw up to 10% of purchase payments in the first contract year or up to 10% of the account value on the most recent anniversary in subsequent years without incurring an early withdrawal charge or MVA. 

SecureGain 5 is a fixed, single-premium deferred annuity with a five-year guaranteed interest term. It allows an additional single payment within the first 60 days.

The contract is issued with a single premium and offers a guaranteed interest rate over a seven-year term. A bonus interest rate is added during the first contract year, followed by increasing rates annually through year seven. A 10% free withdrawal allowance is included each year. Withdrawals beyond this are subject to early withdrawal charges and a Market Value Adjustment (MVA), which are waived after year seven. The policy offers a death benefit and annuitization options but does not permit additional withdrawals once annuity payments begin.

At the end of the initial five-year term, a 30-day renewal window allows the owner to withdraw the account value, choose a new term, or let the contract auto-renew. Surrender charges and MVA continue through renewal terms.

The surrender value is the greater of (a) account value minus any MVA and early withdrawal charges or (b) GMSV, which equals 87.5% of purchase payments minus previous withdrawals plus interest credited daily at the GMSV rate.  

 is a fixed deferred annuity from MassMutual Ascend Life Insurance Company that offers a seven-year guaranteed interest period with escalating rates and the option for lifetime income. It provides steady growth, tax-deferred accumulation, principal protection, and access to funds via annual penalty-free withdrawals. It is ideal for individuals seeking predictable returns with a long-term outlook and no market exposure

A five-year declining schedule applies: 9% in contract years 1–2, 7% in year 3, 6% in year 4, and 5% in year 5; thereafter, no surrender charges. An MVA applies to surrender amounts or withdrawal beyond the free allowance during the initial or any renewal term. Charges and MVA are waived upon death, terminal illness, or nursing home confinement.

The contract credits a base interest rate, enhanced with a 0.25% bonus in the first year and increasing by 0.10% each subsequent year through year five. It permits a one-time additional premium within 60 days of issue and automatically renews at the end of the term within a 30-day window; if no action is taken the contract auto-renews. Withdrawals up to 10% in the first year and 10% of account value yearly thereafter incur no penalties, while excess withdrawals or surrender during initial and renewal periods incur a declining surrender charge and a Market Value Adjustment (MVA). Death benefits pay the greater of the account value or Guaranteed Minimum Surrender Value (GMSV), and waiver riders for terminal illness and extended care apply after the first anniversary. 

SecureGain 5 is a fixed, single-premium deferred annuity offered by MassMutual Ascend that provides a competitive, locked-in interest rate for a guaranteed five-year period, targeted toward clients seeking principal protection, tax-deferred accumulation, and predictable growth without exposure to market fluctuations.  

During the first six contract years, if withdrawals or surrenders exceed the free withdrawal allowance, an early withdrawal charge applies on the excess amount, starting at 9 % in year one, then 8 % in year two, 7 % in year three, 6 % in year four, 5 % in year five, and 4 % in year six; no charges apply after six years. An MVA applies to the withdrawn or surrendered amount exceeding the free allowance, calculated by comparing interest rate indices from purchase to withdrawal time; a positive MVA cannot exceed the early withdrawal charge amount, and a negative MVA plus the charge cannot exceed twice that charge. MVA and surrender charges are waived for surrenders during the final 30 days of the first three-year term.  

The annuity includes at no charge a Terminal Illness waiver (allowing up to 100% withdrawal with no charges after the first year) and an Extended Care waiver for confinement in a facility for at least 90 days (excluding some states). These riders allow withdrawals or full surrender without penalty or MVA under qualifying conditions. 

Upon the owner’s death, the beneficiary receives either the account value or the Guaranteed Minimum Surrender Value (GMSV), whichever is greater.  

During the first contract year, up to 10 % of the purchase payment may be withdrawn free of charge or MVA. After the first year, up to 10 % of the account value at the most recent contract anniversary may be withdrawn annually without penalty or adjustment.  

SecureGain 3 is issued as a fixed deferred annuity with a single premium and a three‑year guarantee term. It auto‑renews for successive three‑year terms unless the policy owner elects otherwise during the renewal window.  

The contract is a single‑premium deferred fixed annuity that credits a guaranteed interest rate during the initial three‑year term and renews for a similar term unless changed during a 30‑day renewal window. It allows up to 10 % penalty‑free withdrawals annually, includes a death benefit equal to the greater of account value or GMSV, features no upfront charges, and provides waiver riders for terminal illness and extended care. A Market Value Adjustment (MVA) applies to excess withdrawals or surrenders, and surrender charges apply during the first six years.

At the end of each three‑year term, policy owners have a 30‑day renewal window to withdraw funds or select a new term without penalty. If no action is taken, the contract auto‑renews. Surrender charges and MVA continue to apply during renewal terms.

Surrender value is calculated as the greater of (a) the account value minus any excess withdrawal charges and MVA, or (b) the GMSV, which equals 87.5 % of premiums paid minus prior withdrawals plus interest credited daily at the 2.80 % GMSV rate.

 is a fixed annuity from MassMutual Ascend that provides clients with predictable, guaranteed growth over a three‑year period. It offers a locked-in interest rate during the term, principal protection, tax-deferred accumulation, and a choice of payout options including lifetime income, making it suitable for conservative investors seeking safety and growth without market exposure.  

During the initial or renewal term, early withdrawal charges apply to amounts exceeding the 10% free withdrawal limit. The charges follow a 5-year declining schedule.

Extended Care Waiver Rider and Terminal Illness Waiver Rider.

Greater of the account value or guaranteed minimum surrender value (GMSV).

Includes waiver riders for terminal illness and extended care allowing 100% of account value to be accessed penalty-free under qualifying conditions.

First year: up to 10% of purchase payment.

Subsequent years: up to 10% of account value on the most recent contract anniversary.

Non-qualified, 403(b) (traditional and Roth), 401(a), IRA (Traditional, Roth, SEP, SIMPLE, Inherited), 457(b), and inherited non-qualified.

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.

The contract may be renewed after the initial five-year term for either one-year or new multi-year terms, based on interest rate availability.

The surrender value is the greater of the account value (less charges and adjustments) or the GMSV.

 is a fee-based fixed annuity issued by MassMutual Ascend Life Insurance Company. Designed for clients seeking predictable, guaranteed growth with protection from market volatility, it offers a fixed interest rate guaranteed for five years, along with tax-deferred accumulation. It includes options for lifetime income and allows a portion of the account to be accessed penalty-free each year. This product is geared toward clients working with financial advisors in a fee-based relationship, and it provides a streamlined offering with transparent terms and simple, renewal-based structure.

MassMutual American Freedom Aspire

MassMutual Ascend SecureGain 7

MassMutual Ascend SecureGain 5

MassMutual Ascend SecureGain 3

MassMutual Ascend Advantage 5

MassMutual American Freedom Aspire

MassMutual Ascend SecureGain 7

MassMutual Ascend SecureGain 5

MassMutual Ascend SecureGain 3

MassMutual Ascend Advantage 5

MassMutual Ascend SecureGain 7

MassMutual Ascend SecureGain 5

MassMutual Ascend SecureGain 3