American Freedom Classic 5 - 2025
MassMutual Ascend Life Insurance Company
10%
Free W/D
53
States
The American Freedom Classic 5 is a fixed annuity that provides guaranteed interest rates for 5 years, combined with flexible withdrawal options and protection through waiver riders. It's designed for conservative investors seeking predictable income and principal protection in retirement or educational savings accounts.
Free Withdrawal
10%/yr
Available In
53 states
Min Premium
$25,000
Surrender
3 years
Key Features
Guaranteed Interest Rate
Guaranteed until 5th contract anniversaryInterest rate is locked in for the first 5 years and never falls below the annuity's minimum rate thereafter
Penalty-Free Withdrawals
10% per year without MVA or early withdrawal chargesAccess up to 10% of funds annually without surrender charges or market value adjustments
Waiver Riders
Extended Care and Terminal Illness riders availableProvides 100% account value withdrawal if you qualify for extended care or have a terminal illness diagnosis
Flexible Funding
Minimum $25,000 initial; $2,000 additional; up to $2M without approvalStart with a single payment and add more within the first 60 days, with no investment risk exposure
Guaranteed Minimum Surrender Value
GMSV = 87.5% of purchases + interest + any larger amount required by lawEven in declining markets, you're guaranteed at least 87.5% of your purchase payments plus interest
Multiple Payout Options
4 payout structure options availableChoose from fixed period, life income, life with period certain, or joint survivor income at annuitization
Highlights
Fixed interest rates guaranteed for 5 years with no market risk exposure
Flexible funding with single or multiple purchase payments up to $2 million
10% penalty-free annual withdrawals plus waiver riders for extended care and terminal illness
Available in qualified and non-qualified retirement accounts including IRAs and 403(b)s
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Conservative investors nearing or in retirement who want guaranteed income, principal protection, and liquidity while holding assets in IRAs, 403(b)s, or other qualified retirement accounts.
Consider Alternatives If
Investors seeking market growth potential, those who need frequent access to funds, or those who cannot tolerate early withdrawal charges if they surrender before the 5-year term ends.
Carrier Ratings
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