American Freedom Classic 3 - 2025
MassMutual
10%
Free W/D
53
States
American Freedom Classic 3 is a fixed annuity designed to provide stable, predictable income for retirement through guaranteed interest rates and flexible purchase options. It's ideal for investors seeking safety and guaranteed returns with access to their money.
Free Withdrawal
10%/yr
Available In
53 states
Min Premium
$25,000
Surrender
3 years
Key Features
Guaranteed Interest Rate
3-year guarantee per purchase paymentYour initial interest rate is locked in and guaranteed until the third contract anniversary. After that, rates will never fall below the annuity's minimum interest rate.
Guaranteed Minimum Surrender Value (GMSV)
87.5% of purchase paymentsYour account value is protected at a minimum of 87.5% of all purchase payments you've made, plus daily interest credited at the GMSV rate, regardless of market conditions.
Penalty-Free Withdrawals
10% annuallyYou can withdraw money without early withdrawal charges or market value adjustments up to 10% annually—10% of total purchase payments in year one, then 10% of account value in subsequent years.
Flexible Purchase Options
Minimum $25,000 initial; up to $2M (ages 0-75) or $1M (ages 76+)Start with a single purchase payment of at least $25,000 and add more payments (minimum $2,000 each) within the first 60 days of your contract.
Multiple Payout Options
4 payout structures availableChoose how to receive your income: fixed period, life income, life income with period guarantee, or joint and survivor income.
Optional Waiver Riders
100% account value when criteria metExtended Care and Terminal Illness riders provide access to 100% of your account value if you meet specific health criteria.
Death Benefit
Greater of account value or GMSVYour beneficiary receives whichever is greater: your current account value or your Guaranteed Minimum Surrender Value.
Highlights
Fixed interest rates guaranteed for 3 years on each purchase payment, with rates never dropping below the annuity's minimum after that
Flexible purchase options with additional payments accepted within 60 days, starting at just $25,000
Guaranteed Minimum Surrender Value (GMSV) protecting 87.5% of your purchase payments plus daily credited interest
Penalty-free withdrawals of up to 10% annually without market value adjustment or early withdrawal charges
Optional waiver riders provide 100% account value access if you need extended care or face terminal illness
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Investors age 0-90 seeking predictable, guaranteed income for retirement who have at least $25,000 to invest and want protection from market volatility.
Consider Alternatives If
Investors who need frequent access to their money or require maximum liquidity, as early withdrawals beyond 10% annually face charges and market value adjustments.
Carrier Ratings
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