MassMutual Ascend SecureGain 3
Current Fixed Rates
| 3.95% | $100,000 | — | $1,000,000 |
| 3.60% | $25,000 | — | $99,999 |
The MassMutual SecureGain 3 is a single-premium, fixed annuity with a three-year fixed rate guarantee. After three years, owners have a 30-day window to withdraw, transfer, or reinvest their full account value. If no action is taken, a new three-year term can begin if available.
There are two interest rate bands available. The highest rate is for amounts over $100K, while a lower rate applies to deposits between $10K – $99.9K. Accounts are available with or without an MVA provision. Higher rates apply to policies including the Market Value Adjustment feature.
MassMutual accepts qualified accounts including Traditional, Roth, Roth-conversion, 457, TSA, 403b, and Simple IRA accounts. Non-qualified, 1035-exchange, non-qualified stretch, and inherited non-qualified funds (up to age 75) are accepted. Jointly held and corporately owned accounts are allowed. No surrender charges apply upon owner/annuitant passing.
More Annuity options from: MassMutual Life
Notable Features
At no cost, this contract includes Annuitization, Extended Care, and Terminal Illness surrender charge waivers. Provided certain conditions are met, these waivers allow for 100% access to the contract value.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
3 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Additional Withdrawal Information
During the first 12 months, up to 10% of all purchase payments may be withdrawn without and surrender charges. After one year, up to 10% of the account value as of the most recent contract anniversary can be withdrawn penalty-free. This account includes free Required Minimum Distributions for IRA owners.
Surrender Schedule
8%, 8%, 7%, 0%
Maximum Age
90
Minimum Investment
$100,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This fixed annuity is offered by an A++ rated company and includes 10% free withdrawals all years. There are no surrender charges upon passing. Additional deposits are allowed in the first 60 days, and several types of qualified and non-qualified accounts are accepted.
Other Popular Products
MassMutual offers competitive fixed, immediate income, and fixed-indexed annuities. Some of their fixed-indexed policies hold S&P 500 caps for the entire term. Their long term care, disability, and various life insurance plans are also popular with consumers and well regarded for their benefits.
About MassMutual Life
MassMutual Life
AM Best Rating: A++ Superior (1st of 13 ratings)
https://www.massmutual.com/
About MassMutual Life Ascend Life Insurance Company
Domiciled in Boston, Massachusetts, this well-diversified insurance and financial conglomerate has been serving their customers since 1851. They boast an A++ rating with AM Best (the highest rating possible) and have over $263 billion in invested assets. They are rated AA with Standard & Poor’s and have an impressive 97 score with Comdex.
They specialize in life, annuity, disability, and long term care insurance as well as retirement and investment planning. Practicing ethical business practices in compliance with all laws and regulations has helped guide this long-standing company for over 170 years.
Record capital, strong operational performance, and a long-term investment strategy help assure annuity investors that they are with a strong and reliable insurance company.