American Freedom Aspire 7
MassMutual Ascend Life Insurance Company
4.55%
Best Rate
10%
Free W/D
50
States
A fixed deferred annuity that guarantees your interest rate for 7 years and allows you to withdraw up to 10% annually without penalty. Designed for people seeking stable, predictable growth with flexibility and access to their money.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
7 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
Guaranteed through year 7Your interest rate is locked in and guaranteed for the full 7-year term
Free Withdrawal Allowance
10% annuallyYou can withdraw up to 10% of your account value each contract year without penalty
Guaranteed Minimum Surrender Value (GMSV)
87.5% of purchase paymentsYour account is protected with a guaranteed minimum of 87.5% of your purchase payments, even if the market declines
Return of Premium Guarantee
Available year 3+Available on or after the 3rd contract anniversary, you can access your total contributions back with no charge
Early Withdrawal Charges
7% to 3% depending on yearIf you withdraw more than 10% in a year, charges range from 7% in years 1-3 down to 3% in year 7
Extended Care Waiver
No additional costIf you enter a nursing home or long-term care facility for 90+ days after year 1, early withdrawal charges may be waived
Purchase Flexibility
Multiple account types acceptedAccepts IRAs, 403(b)s, 457 plans, and non-qualified funds; additional deposits allowed within first 60 days
Highlights
7-year guaranteed interest rate terms with flexible renewal options
Up to 10% annual penalty-free withdrawals to access your money when needed
Multiple account protections including guaranteed minimum surrender value and return of premium guarantee
Extended care waiver rider available at no additional cost to waive early withdrawal charges during long-term care
Accepts qualified and non-qualified retirement funds including IRAs, 403(b)s, and 457 plans
Surrender Schedule
Yr 1
7%
Yr 2
7%
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
Investors aged 0-88 seeking stable, predictable growth with controlled access to their money, particularly retirees rolling over retirement plan assets who want principal protection and flexibility.
Consider Alternatives If
Investors who need immediate, unrestricted access to large portions of their money or who require growth that significantly exceeds fixed interest rates.
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