American Freedom Aspire 5
MassMutual
4.55%
Best Rate
10%
Free W/D
50
States
American Freedom Aspire 5 is a fixed annuity that guarantees your interest rate for 5 years, then maintains a minimum rate thereafter. It's designed for people seeking stable, predictable growth with flexibility to access their money and convert it to lifetime income.
Free Withdrawal
10%/yr
Available In
50 states
Min Premium
$25,000
Surrender
5 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
5 years guaranteedYour interest rate is fixed and guaranteed for the first 5 years from when you fund the annuity. After that, rates will never drop below the annuity's minimum rate.
Penalty-Free Withdrawals
10% annuallyYou can withdraw up to 10% of your purchase payments in year 1, or 10% of account value in later years, without early withdrawal charges.
Guaranteed Minimum Surrender Value (GMSV)
87.5% of premiumsIf you need to surrender the contract, you're guaranteed to receive at least 87.5% of your premiums paid, plus interest, even if your account value is lower.
Return of Premium (ROP)
Available year 3+Available on or after the third contract anniversary at no extra cost. This equals the sum of all purchase payments minus withdrawals and taxes.
Early Withdrawal Charges
7% declining scheduleIf you withdraw more than the penalty-free amount, charges apply starting at 7% during each term. Charges reset annually on contract anniversaries.
Payout Options
4 options availableConvert your account to lifetime income, fixed-period income, or joint survivor income to create regular payments in retirement.
Waiver Riders
Full value accessExtended Care and Terminal Illness riders provide 100% access to your account value when specific health criteria are met.
Minimum Investment
$25,000 initialStart with as little as $25,000 for your initial purchase, or add $2,000 minimums for additional funding within the first 60 days.
Tax-Qualified Flexibility
Multiple account typesWorks with traditional and Roth IRAs, SIMPLE IRAs, SEP IRAs, inherited IRAs, 403(b)s, 457(b)s, and non-qualified accounts.
Highlights
Fixed interest rates guaranteed for 5 years with a minimum floor rate protecting you after that period
Flexible withdrawals with up to 10% penalty-free access each year plus a guaranteed minimum surrender value of 87.5% of premiums
Multiple payout options including lifetime income, with death benefits covering the greatest of account value, return of premium, or guaranteed minimum surrender value
Available for qualified and non-qualified retirement accounts, including IRAs, 403(b)s, and 457(b)s
Waiver riders for extended care and terminal illness that provide 100% account access when criteria are met
Surrender Schedule
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
This product is best for conservative investors nearing or in retirement who want predictable, guaranteed returns, the ability to access some funds penalty-free, and the option to convert savings into lifetime income.
Consider Alternatives If
This product is not suitable for aggressive investors seeking market-linked growth, those who may need frequent or large withdrawals beyond the 10% penalty-free amount, or investors in high tax brackets with substantial non-qualified assets.
Carrier Ratings
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