AssuranceSelect 7 Plus
MassMutual Ascend Life Insurance Company
13.75%
Best Cap
10%
Free W/D
50
States
AssuranceSelect 7 Plus is a fixed-indexed annuity that links interest crediting to stock market indices while protecting against downside risk through a seven-year term structure. It's designed for investors seeking growth potential with downside protection and penalty-free access options.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$10,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| First Trust Barclays Edge Index | Annual | 13.75% | 100% | -- |
| iShares US Real Estate ETF | Annual | 11.1% | 100% | -- |
| S&P 500 Average Daily Risk Control Price Return Index | Annual | -- | 70% | -- |
| S&P 500 Index | Annual | 8.85% | 100% | -- |
| SPDR Gold Shares | Annual | 11.5% | 100% | -- |
| S&P U.S. Retiree Spending Total Return Index | Annual | -- | 70% | -- |
| Fixed Account | Daily | -- | -- | 4.3% |
Key Features
Index Interest Strategies
S&P 500 1-year cap, 7-year cap lock, risk control, and other specialized index options availableEight different interest crediting options linked to indices like S&P 500, real estate, gold, and risk-controlled strategies with annual point-to-point calculations
Guaranteed Minimum Surrender Value (GMSV)
87.5% of purchase payments minus withdrawals plus daily interest at GMSV rateEnsures your account value won't fall below a guaranteed floor even if market performance is poor
Penalty-Free Withdrawals
First year: 10% of purchase payments; subsequent years: 10% of account value as of most recent anniversaryAccess 10% of your money each contract year without early withdrawal charges
Early Withdrawal Charges
Starting at 8% in year one, declining annually through year sevenDeclining charges over a seven-year period that decrease each year you hold the contract
Included Waiver Riders
Extended Care and Terminal Illness riders both provide 100% account value access when criteria metProtections that waive charges and release funds upon qualifying life events
Purchase Payment Flexibility
Minimum $10,000 initial, $2,000 subsequent payments; up to $2 million (ages 0-75) or $1 million (ages 76+)Issue with a single premium or add funds over multiple years with flexible minimum amounts
Highlights
Seven-year declining early withdrawal charges starting at 8% with 10% penalty-free withdrawal each year
Multiple index-based interest strategies including S&P 500, real estate, gold, and risk-controlled options
Guaranteed Minimum Surrender Value (GMSV) of 87.5% of purchase payments plus daily interest credits
Included waiver riders for extended care and terminal illness covering 100% of account value
Flexible issue ages from 0–85 for qualified and non-qualified accounts, including inherited IRAs
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
This product is best for investors age 0-85 seeking market-linked growth with downside protection, who value guaranteed minimums and can commit funds for a seven-year term while needing periodic penalty-free access.
Consider Alternatives If
This product may not be suitable for investors who need immediate access to all funds without penalty, prefer guaranteed fixed returns without market involvement, or cannot commit to a seven-year term structure.
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