MassMutual Ascend SecureGain 7
Current Fixed Rates
| 4.55% | $100,000 | — | $1,000,000 |
| 4.20% | $25,000 | — | $99,999 |
The MassMutual SecureGain 7 is a single premium, fixed annuity with a seven-year fixed rate guarantee. After seven years, owners have a 30-day window to withdraw, transfer, or reinvest their full account value. If no action is taken, a new seven-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.
Qualified, non-qualified, and inherited non-qualified funds (to age 75) are accepted. There are no surrender charges upon passing.
More Annuity options from: MassMutual Life
Notable Features
At no cost, the contract includes annuitization, extended care, and terminal illness liquidity waivers. Please download the brochure for more information.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
7 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Surrender Schedule
8%, 8%, 7%, 6%, 5%, 4%, 3%, 0%
Maximum Age
88
Minimum Investment
$100,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
Annuity is offered from an A++ rated company and includes 10% free withdrawals all years. There are no surrender charges at passing. Additional deposits accepted in the first 60 days.
Other Popular Products
MassMutual offers competitive fixed, immediate income, and fixed-indexed annuities. Some fixed-indexed policies hold caps for the entire term. Their long term care, disability, and various life insurance plans are also well regarded.
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 and over $263 billion in invested assets.
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.