AssuranceSelect 5 Plus
MassMutual Ascend Life Insurance Company
12.6%
Best Cap
10%
Free W/D
50
States
AssuranceSelect 5 Plus is a fixed-indexed annuity that lets you choose from multiple index-linked strategies to potentially grow your money while protecting against market losses. It's designed for investors ages 0-89 who want a balance of growth opportunity and guaranteed safety features.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$10,000
Surrender
5 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| First Trust Barclays Edge Index | Annual | 12.6% | 100% | -- |
| iShares US Real Estate ETF | Annual | 10.5% | 100% | -- |
| S&P 500 Average Daily Risk Control Price Return Index | Annual | -- | 60% | -- |
| S&P 500 Index | Annual | 8% | 100% | -- |
| SPDR Gold Shares | Annual | 11% | 100% | -- |
| S&P U.S. Retiree Spending Total Return Index | Annual | -- | 75% | -- |
| Fixed Account | Daily | -- | -- | 4.2% |
Key Features
Interest Strategies
9 strategy optionsChoose from 9 different index-linked options including S&P 500, real estate, gold, and risk-controlled variants, plus a declared rate option
Guaranteed Minimum Surrender Value (GMSV)
87.5% minimumYour account is guaranteed to be worth at least 87.5% of what you paid in (minus withdrawals), plus daily interest, even if markets perform poorly
Included Waivers
100% account valueExtended Care Waiver and Terminal Illness Waiver both provide 100% of account value when criteria are met, with no additional cost
Penalty-Free Withdrawals
10% annuallyWithdraw up to 10% of your account annually without surrender charges, providing liquidity when needed
Flexible Purchase Payments
$10,000 minimum; up to $2M (ages 0-75)Start with a minimum of $10,000, then add subsequent payments of at least $2,000 during the first contract year
Multiple Account Types
All major account typesWorks with qualified accounts (403b, IRA, 457b, SIMPLE, SEP) and non-qualified funds, plus inherited accounts
Highlights
Fixed-indexed annuity with multiple index strategies including S&P 500, real estate, and gold options
Included waivers for extended care and terminal illness provide 100% account value protection
Flexible withdrawals with 10% penalty-free access annually and declining 5-year surrender charges starting at 8%
Guaranteed Minimum Surrender Value (GMSV) of 87.5% of purchase payments provides downside protection
Accepts both qualified retirement accounts (403b, IRA, 457b) and non-qualified funds
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Investors aged 0-89 who want growth potential tied to market indices while maintaining downside protection and guaranteed minimums, especially those seeking to use retirement accounts or non-qualified funds.
Consider Alternatives If
Investors who need immediate access to all their money without surrender charges or those seeking aggressive equity-only growth should avoid this product due to its contractual surrender period restrictions.
Carrier Ratings
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