Advantage 5 Advisory

Offer your clients safety and predictable growth with Advantage 5 Advisory. This fee-based fixed annuity offers a competitive rate that is guaranteed for the initial five-year term. This product accepts single purchase payments.
For a complete product description, see the Product Overview in the Marketing Materials section below.
Find more resources at MassMutualAscendRIA.com.

Details

Issue Ages

Inherited non-qualified 0-75Non-qualified 0-89Inherited IRA 0-75Qualified 0-89

Tax Qualifications

Non-qualifiedQualifiedInherited non-qualified403(b) (Traditional and Roth)IRA (Traditional, Roth, SEP, SIMPLE and Inherited)457(b)401(a) (including 401(k) Traditional and Roth)

Purchase Payments

Issued with single premium

Purchase Payment Minimums and Maximums

Minimum:

$50,000

Maximum:

$2 million for ages 0-75
$1.5 million for ages 76-80
$1 million for ages 81+ without prior Home Office approval

Early Withdrawal Charges

5-year declining 9%, 8%, 7%, 6%, 5%

Market Value Adjustment

A market value adjustment will apply to withdrawals or surrenders during the initial five-year term and any renewal term.

Free Withdrawal Allowance

During the first contract year, 10% of purchase payments may be withdrawn without an early withdrawal charge.After the first contract year, 10% of the account value as of the most recent contract anniversary may be withdrawn without an early withdrawal charge.

Waivers

Terminal Illness WaiverExtended Care Waiver

Account Value

The account value is equal to 100% of the purchase payment received, plus interest credited, less any amounts withdrawn, including any market value adjustment or early withdrawal charges deducted from those amounts, less any applicable premium taxes and other taxes required by your state.

Guaranteed Minimum Surrender Value (GMSV)

87.5% of purchase payments minus all prior withdrawals (not including early withdrawal charges or negative market adjustments) plus interest credited daily at the GMSV rate.

Payout Options

Fixed period payoutLife payoutLife payout with payments for at least a fixed periodJoint and one-half survivor payout

Death Benefit Value

The greater of the account value or GMSV will be paid upon the death of the owner.

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