American Landmark 3
MassMutual Ascend Life Insurance Company
7%
Best Cap
10%
Free W/D
50
States
American Landmark 3 is a fixed-indexed annuity that offers guaranteed income with market-indexed growth potential across multiple index strategies. It's designed for investors age 0-90 seeking tax-qualified or non-qualified retirement savings with downside protection and flexible withdrawal options.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$50,000
Surrender
3 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| First Trust Barclays Edge Index | Annual | -- | 100% | -- |
| iShares US Real Estate ETF | Annual | 7% | 100% | -- |
| MSCI EAFE Index | Annual | 6.5% | 100% | -- |
| S&P 500 Index | Annual | 5.5% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.35% |
Key Features
Issue Ages
0–90 (qualified/non-qualified); 0–75 (inherited)Product is available for qualified and non-qualified accounts from birth through age 90, with inherited IRA options up to age 75
Guaranteed Minimum Surrender Value (GMSV)
87.5% of purchase payments + minimum guaranteed interestYour account is guaranteed to be worth at least 87.5% of what you paid in, plus daily credited interest, even if market performance is poor
Index Strategy Options
6 strategies available (declared rate and 5 index-linked options)Choose from six different crediting strategies including S&P 500, real estate, international stocks, and edge indices with point-to-point methodology
Penalty-Free Withdrawals
10% annual free withdrawal; 3-year declining surrender charges at 9%Withdraw 10% of your account annually without penalties after the first contract anniversary; first-year withdrawals capped at 10% of initial purchase
Early Withdrawal Charges
Declining from 9% over 3 yearsThree-year declining structure starting at 9%, meaning penalties decrease each year you hold the contract
Waiver Riders
Extended Care and Terminal Illness riders availableOptional riders provide 100% access to account value if you need extended care or face terminal illness
Payout Options
Fixed period, life with/without period guarantee, joint and survivor optionsAt annuitization, choose fixed period payments, lifetime income, or joint survivor income with flexibility on payment duration
Purchase Minimums & Maximums
Min: $50,000 initial; $2,000 subsequent; Max: $2M (age 0-75) / $1M (age 76+)Flexible funding with minimum $50,000 initial investment; subsequent payments as low as $2,000
Highlights
Fixed-indexed annuity with multiple index strategies including S&P 500, real estate, and international options
Guaranteed Minimum Surrender Value (GMSV) of 87.5% of purchase payments plus daily credited interest
Penalty-free withdrawals of 10% annually after first contract year with only 3-year declining withdrawal charges starting at 9%
Flexible qualified and non-qualified funding options including IRAs, 403(b)s, and 457(b) plans
Waiver riders for Extended Care and Terminal Illness covering 100% of account value when criteria are met
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Investors age 0-90 seeking guaranteed principal protection, indexed market growth potential, and flexible retirement income through qualified retirement accounts (IRAs, 403(b)s, 457(b)s) or non-qualified savings.
Consider Alternatives If
Investors who need immediate access to their full account value without penalties, or those who cannot accept a 3-year commitment with declining surrender charges.
Carrier Ratings
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