Index Protector 5 MVA
MassMutual
17%
Best Cap
10%
Free W/D
50
States
A fixed indexed annuity that lets you choose between guaranteed declared rates or market-linked interest strategies, with built-in downside protection and flexible withdrawal options. Designed for conservative investors seeking guaranteed income with upside participation potential.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$50,000
Surrender
1 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| First Trust Barclays Edge Index | Annual | 17% | 100% | -- |
| iShares MSCI EAFE ETF | Annual | 14% | 100% | -- |
| iShares US Real Estate ETF | Annual | 17.5% | 100% | -- |
| S&P 500 Average Daily Risk Control Price Return Index | Annual | -- | 90% | -- |
| S&P 500 Index | Annual | 12% | 100% | -- |
| S&P U.S. Retiree Spending Total Return Index | Annual | -- | 95% | -- |
| Fixed Account | Daily | -- | -- | 5.15% |
Key Features
Interest Strategy Options
5 different indexed strategies availableSelect a 5-year locked declared rate or choose from indexed strategies (S&P 500, Risk Control, Real Estate, International, or Retiree Spending) that credit interest annually
Free Withdrawal Allowance
10% per contract yearWithdraw 10% of account value annually without triggering a market value adjustment; unused amounts don't roll over
Guaranteed Minimum Surrender Value (GMSV)
87.5% of premiums (90% in Alaska & New Jersey)Your account is protected by a floor equal to 87.5% of all purchase payments plus daily interest, less withdrawals
Market Value Adjustment (MVA)
5-year adjustment periodApplies to withdrawals exceeding 10% free amount during first 5 years; reflects interest rate changes since purchase but never reduces value below minimum required by law
No Fees or Charges
0% explicit feesNo up-front sales charges, early withdrawal penalties, or annual administrative fees
Optional Protective Riders
Available at no additional costExtended care waiver (nursing home confinement) and terminal illness waiver allow penalty-free surrender under hardship conditions
Purchase Limits
$50K–$2M depending on ageMinimum $50,000 initial purchase ($25,000 for additional payments within first 2 months); maximum varies by age
Payout Options
4 annuitization options availableAfter first contract year, choose fixed period income, life income with or without period certain, or joint survivor income
Highlights
Choose between fixed declared rates locked for 5 years or indexed strategies tied to S&P 500, real estate, and international markets
10% annual free withdrawal allowance with no early withdrawal charges—only market value adjustments during first 5 years
Guaranteed minimum surrender value (87.5% of purchase payments) protects your principal regardless of market performance
Optional waivers for extended care and terminal illness allow penalty-free access during hardship situations
No up-front sales charges or fees—all costs built into the crediting strategy
Surrender Schedule
Yr 0
0%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Conservative to moderate investors age 0–89 seeking a blend of principal protection and indexed market participation, with access to funds via annual penalty-free withdrawals.
Consider Alternatives If
Investors requiring immediate liquidity or those uncomfortable with a 5-year adjustment period on larger withdrawals.
Carrier Ratings
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