MassMutual Ascend ~ American Legend 7 Annuity Review
The MassMutual Ascend American Legend 7 is a 7-Year Fixed Indexed annuity designed for growth. You can allocate your money, once a year on the policy anniversary, between a guaranteed interest rate account and a benchmark stock index account.
American Legend 7 Annuity Highlights:
- Penalty-free interest withdrawals.
- Participate in stock market gains without any downside risk.
- Click to read the American Legend 7 company brochure.
| American Legend 7 Annuity Interest Rates Premiums $100,000 and higher | |||
|---|---|---|---|
| Index | Strategy | Cap Rates | Participation Rates |
| S&P 500 | 1 Year Point-to-Point | 7.85% | N/A |
| 7 Year Cap Lock Annual Point-to-Point | 8.00% | N/A | |
| S&P 500 Risk Control | 1 Year Point-to-Point | N/A | 65% |
| iShares U.S. Real Estate | 1 Year Point-to-Point | 9.50% | N/A |
| Declared Rate: 3.90% | |||
| American Legend 7 Annuity Interest Rates Premiums $99,999 and lower | |||
|---|---|---|---|
| Index | Strategy | Cap Rates | Participation Rates |
| S&P 500 | 1 Year Point-to-Point | 7.35% | N/A |
| 7 Year Cap Lock Annual Point-to-Point | 7.50% | N/A | |
| S&P 500 Risk Control | 1 Year Point-to-Point | N/A | 60% |
| iShares U.S. Real Estate | 1 Year Point-to-Point | 9.00% | N/A |
| Declared Rate: 3.70% | |||
Frequently Asked Questions About the American Legend 7 Annuity:
Q: What is the minimum premium I need to pay?
A:$10,000 - $99,999 for low band rates
$100,000 for high band rates
Q: Am I paid a bonus on my initial premium at sign-up?
A:No. There is no premium bonus.
Q: Can I pay additional premium later on?
A:Yes, at a minimum of $2,000 each time.
Q: Are there any age restrictions?
A:Yes. You can purchase this annuity up to age 85. In some states the age requirements may differ.
Q:In which states is the American Legend 7 annuity available?
A:The American Legend 7 annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.
Q: Does this annuity have an income rider (for withdrawing income)?
A:Yes. An income rider can be included with your contract for an additional fee.
Click here for the IncomeSecure rider brochure.
Q: For how long are surrender charges in effect?
A:7 Years
Q:Does the American Legend 7 annuity permit any withdrawals without penalties?
A:Yes, each year you may withdraw 10% of your account value penalty-free.
Q:What benchmark indices do the American Legend 7 offer?
A:S&P 500, S&P 500 Daily Risk Control, GLD, iShares U.S. Real Estate
Q: What are the index account options?
A:Monthly Sum and Annual Point-to-Point
Q: What is the Method for Crediting Interest or Gains?
A: Cap rates or participation rates.
To review the American Legend 7 annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page.
Read more about Great American Life Insurance Company Annuities on Great American's site
See which other annuities are really popular here.
