AssuranceSelect 3 Plus
MassMutual
7%
Best Cap
10%
Free W/D
50
States
A fixed-indexed annuity offering market-linked growth potential with downside protection, designed for investors seeking income and principal safety across multiple account types including qualified retirement plans and inherited IRAs.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$50,000
Surrender
3 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| First Trust Barclays Edge Index | Annual | -- | 115% | -- |
| iShares MSCI EAFE ETF | Annual | 7% | 100% | -- |
| iShares US Real Estate ETF | Annual | 7.5% | 100% | -- |
| S&P 500 Index | Annual | 5.75% | 100% | -- |
| Fixed Account | Daily | -- | -- | 3.4% |
Key Features
Guaranteed Minimum Surrender Value (GMSV)
87.5% + daily interestYour account value is guaranteed to be worth at least 87.5% of all purchase payments you made, minus withdrawals, plus daily interest at the GMSV rate
Index-Linked Strategies
6 strategy optionsChoose between declared rate or five different indexed strategies including S&P 500, real estate ETF, international ETF, and First Trust Barclays Edge Index options
Penalty-Free Withdrawals
10% annually freeWithdraw 10% of purchase payments in the first year, then 10% of account value each anniversary without early withdrawal charges
Early Withdrawal Charges
8% declining over 3 yearsThree-year declining schedule starting at 8%, incentivizing longer-term holding but allowing access if needed
Issue Age and Limits
Ages 0-90 eligibleAvailable from age 0-90 for qualified and non-qualified accounts, with maximum purchase limits of $2 million (ages 0-75) or $1 million (ages 76+)
Waiver Riders
100% when criteria metExtended Care Waiver and Terminal Illness Waiver each provide 100% access to account value when specific criteria are met
Payout Flexibility
3+ payout optionsMultiple annuitization options including fixed period, life income with period certain, and joint and survivor income
Tax-Qualified Accounts
Multiple account typesApproved for 403(b) traditional and Roth, traditional/Roth/SEP/SIMPLE IRAs, 457(b), and inherited non-qualified accounts
Highlights
Fixed-indexed annuity with multiple index strategies including S&P 500, real estate, and international options
Guaranteed Minimum Surrender Value (GMSV) protects 87.5% of purchase payments plus daily interest credits
Flexible penalty-free withdrawals: 10% in year one, then 10% of account value annually
Extended Care and Terminal Illness Waivers provide 100% account access when criteria are met
Accepts subsequent payments within first two contract months with low $2,000 minimum
Surrender Schedule
Yr 1
8%
Yr 2
8%
Yr 3
7%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Investors ages 0-90 with $50,000+ to invest seeking market-linked growth with principal protection, who value flexibility and don't need immediate access to more than 10% annually.
Consider Alternatives If
Investors who need frequent access to their full account balance or require immediate liquidity should avoid this product due to early withdrawal charges in the first three years.
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