American Freedom Aspire 3
MassMutual Ascend Life Insurance Company
4.55%
Best Rate
10%
Free W/D
50
States
American Freedom Aspire 3 is a fixed annuity that guarantees your interest rate for three years and protects your principal, making it suitable for conservative investors seeking predictable retirement income with some access to their funds.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
3 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 3.75% |
| 5-Year | 4.3% |
| 7-Year | 4.55% |
Key Features
Guaranteed Interest Rate Period
3 years guaranteedYour interest rate is locked in and guaranteed for the first three years; after that, it never goes below the annuity's minimum rate.
Penalty-Free Withdrawals
Up to 10% annuallyYou can access a portion of your money without early withdrawal charges each year.
Early Withdrawal Charge
7% of amount withdrawnIf you withdraw more than your penalty-free amount, a charge applies to the excess amount.
Guaranteed Minimum Surrender Value (GMSV)
87.5% of payments + interestEven if you surrender the contract, you're guaranteed to receive at least 87.5% of your purchase payments plus daily interest credit.
Waiver Riders
Extended Care & Terminal IllnessOptional riders allow you to access 100% of your account value if you need extended care or are diagnosed with a terminal illness.
Multiple Payout Options
4 payout options availableWhen you're ready to receive income, you can choose fixed period payments, life income, or joint survivor income options.
Minimum Purchase Amount
$25,000The initial investment requirement for this product.
Issue Ages
Ages 0-90 (varies by account type)This annuity is available for qualified accounts up to age 90 and inherited accounts up to age 75.
Highlights
Guaranteed interest rates for 3 years with no risk of principal loss
Penalty-free withdrawals of up to 10% annually allow flexibility without early surrender charges
Multiple payout options including life income, fixed period, and joint survivor income for retirement planning
Waiver riders for extended care and terminal illness provide 100% account value access when needed
Covers qualified and non-qualified retirement accounts including IRAs, 403(b)s, and 457(b)s
Surrender Schedule
Yr 1
7%
Yr 2
7%
Yr 3
7%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Conservative investors age 0-90 seeking guaranteed growth, predictable retirement income, and protection of principal, particularly those with qualified retirement accounts or inherited IRAs.
Consider Alternatives If
Investors who need immediate full access to their funds without penalty or who require high returns and can tolerate market risk should look for other options.
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