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Early withdrawal charges apply if you surrender your annuity or take withdrawals exceeding the free withdrawal amount during the initial term or any renewal terms. Each purchase payment is assigned its own surrender charge schedule, which begins on the date that specific payment is received. The surrender charge for the Classic 3 is 7% for all three years. For the Classic 5, the charges are 8% in years 1 and 2, followed by 7%, 6%, and 5% in years 3 through 5. For the Classic 7, the charges are 8% in years 1 and 2, then decrease annually—7%, 6%, 5%, 4%, and 3% through year 7. These charges are waived for withdrawals covered by the 10% annual penalty-free allowance and for qualifying extended care or terminal illness events. After the surrender charge period ends, withdrawals are not subject to any surrender fees or market value adjustments.

Waivers for terminal illness and extended care.

10% annually (first year based on contributions; later years on account value).

Qualified and non-qualified (IRA, Roth, SEP, 403(b), 457(b).

The American Freedom Classic 3, 5, and 7 annuities are issued with a single purchase payment, with the option to add additional payments within 60 days of contract issue. Each purchase payment is treated independently, receiving its own guaranteed interest rate and surrender schedule for the term selected. The policy includes free annual withdrawals up to 10% of the account value, a death benefit equal to the greater of the account value or guaranteed minimum surrender value (GMSV), and built-in waivers for terminal illness and extended care. These annuities are available for both qualified and non-qualified plans, with issue ages up to 90 for standard use and 75 for inherited accounts. At the end of the initial term, the contract may renew under new rate conditions, or default to penalty-free one-year terms if no election is made.

Same one-year renewal default unless a new multi-year term is selected.

Greater of account value less applicable charges, or GMSV.

 series—offered in 3-, 5-, and 7-year term options—is a lineup of fixed annuities designed to provide secure, guaranteed growth over a selected time horizon. Each term features a guaranteed interest rate for the full duration of the contract, along with annual 10% penalty-free withdrawals, and options for lifetime income. These products allow clients to choose the term length that aligns with their short-, mid-, or long-term financial goals. Whether you’re planning for near-term access or long-term accumulation, the Classic 3, 5, and 7 annuities offer steady growth with protection from market volatility and flexibility through built-in liquidity features and health-related withdrawal waivers.

MassMutual American Freedom Classic 3, 5, and 7