Is a fixed-indexed annuity right for me?

Confidently plan for your future with a fixed-indexed annuity 

When you envision a future that fulfills you, maybe you see yourself traveling, cooking, spending time with family or discovering a new hobby. Whatever it is, our goal is to help you navigate your future with confidence. Consider how a fixed-indexed annuity could help take your financial future above and beyond.

Is a fixed-indexed annuity right for me?

A fixed-indexed annuity has two phases - an accumulation phase and an income phase. During the accumulation phase, the money you contribute to your annuity can earn interest tied to positive market performance. During the income phase, the money you've accumulated in your annuity can be turned into a stream of income payments.

With fixed-indexed annuities, you won't lose the money you contribute to your annuity unless you take a withdrawal or surrender your annuity during its early withdrawal charge period, regardless of market conditions. You can also allocate your money to interest strategies that may help you accumulate additional savings.

You don't pay taxes on the interest your annuity earns until you start receiving payments or take a withdrawal, so your money may grow at a faster rate. When you're ready to turn the money you've accumulated in your annuity into guaranteed income, you can select from a variety of options, including payments that will last for the rest of your life.

How is my money protected?

When it comes to planning for a secure financial future, you need to know your money will be there when you need it. A fixed-indexed annuity protects your principal, locks in your earnings when interest is credited at the end of a term and guarantees your annuity's surrender value will not fall below a minimum value.

How does my money earn interest?

You may allocate your money to a declared rate strategy and indexed strategies.

Declared rate strategy

Funds in the declared rate strategy earn interest at a fixed rate that is set at the start of each term. Interest is credited daily.

Indexed strategies

Funds in an indexed strategy earn interest that is based, in part, on the positive performance of an external index or an exchange traded fund (ETF) over a term year. Interest is credited annually at the end of each term year.

Interest is limited by either a cap or participation rate.

• A cap is the maximum interest rate that can be credited for a term year.
• A participation rate is the percentage of a positive index change that will be credited for a term year.

It's important to note that not all strategies are available on all products, and may not be available in all states. Caps and participation rates may vary from term to term and among indexed strategies and products.

The power of tax deferral

One of the benefits of an annuity is the opportunity for your money to grow tax deferred. This means no taxes are paid until you take a withdrawal, so your money can grow at a faster rate than it would in a taxable product. You can learn more about the power of tax-deferred growth by reading our insight!

Can I access my money before starting the income phase?

Penalty-free withdrawals

Our fixed-indexed annuities allow penalty-free withdrawals starting in the first contract year. The amount is typically a percentage of your account value.

Amounts withdrawn in excess of the penalty-free withdrawal allowance may be subject to early withdrawal charges. Additionally, withdrawals prior to age 59^1/2 may be subject to IRS restrictions and a 10% federal penalty tax.

How do I receive income?

A fixed-indexed annuity provides the opportunity to turn the money you've accumulated into a steady stream of income that lasts for a specific number of years or for life.

How are my loved ones protected?

As you're planning for the future, you probably want to know what will happen to your money when you're gone. An annuity can help leave a financial legacy for your loved ones.

Before income payments begin

If you pass away before income payments begin, your beneficiaries are guaranteed to receive the account value (minus taxes and loan balances). Money is paid directly to your beneficiaries, which allows them to receive your financial legacy without the cost and delays of probate.

After income payments begin

Depending on which payout option you select, the person you designated can continue receiving income payments for a specific number of years or for life.

Receive additional flexibility and control

When you purchase one of our fixed-indexed annuities, you may have the opportunity to add an optional rider. Adding a rider to your annuity provides additional benefits for your income or legacy planning needs.

Riders are available for an annual charge and only one rider may be selected. For more information, please contact your financial professional or refer to our individual rider brochures.

To learn more about fixed-indexed annuities and if they are right for you, check out our "Is a fixed-indexed annuity right for me?" brochure!

For use with contract forms PP1074514NW, P1074514ID P1470017NW, P1470017ID, P1470218NW, P1470218ID, ICC21-P1152021NW, ICC21-P1152021NW, ICC21-P1152121NW, ICC21-P1152121NW, ICC21-P1476721NW, ICC21-P1476721NW, P1140119NW, P1140119ID, P1140219NW, P1140219ID, P1146620NW, P1146620ID, P1110416NW, P1110416ID, ICC20-P1144420NW, ICC20-P1144420NW, ICC20-P1144420NW-NoMVA, ICC20-P1144420NW-NoMVA, ICC20-P1144520NW, ICC20-P1144520NW, ICC20-P1144520NW-NoMVA, ICC20-P1144520NW-NoMVA, ICC20-P1474420NW, ICC20-P1474420NW, ICC20-P1474420NW-NoMVA, ICC20-P1474420NW-NoMVA, P1134618NW, P1134618ID, P1134618NW, P1134618ID-NoMVA P1112916NW, P1112916ID, P1129918NW, P1129918ID, P1129918NW, and P1129918ID-NoMVA. Form numbers vary by state.

Products, riders and features may vary by state, and may not be available in all states. See specific product disclosure documents for details.

Products are issued by MassMutual Ascend Life Insurance Company^SM (Cincinnati, Ohio), a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).

All guarantees subject to the claims-paying ability of the issuing company.

This content does not apply in the state of New York.

Not a bank or credit union deposit or obligation – Not FDIC or NCUA-insured – Not insured by any federal government agency – May lose value – Not guaranteed by any bank or credit union 

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