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fixed annuities

Fixed Indexed Annuity Details

Product Name

Safe Return

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

(1st of 15 ratings)
(5th of 20 ratings)
(4th of 21 ratings)
Not Rated
(percentile of rated companies)

Product Information

The Safe Return is a deferred fixed indexed annuity issued by MassMutual Ascend Life Insurance Company.

When your full premium deposit is allocated to the fixed interest account, the current first year yield (including bonus if applicable) is 4.25% (see Rate Details below).

You can also allocate your premium between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.

An income rider is available that provides the option of activating a guaranteed lifetime income stream at a future date. The income payments cannot be outlived and your contract does not need to be annuitized.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

MassMutual Ascend Life Insurance Company is rated “A++” by A.M. Best, was founded in 1961, and has over $42.7 billion in total assets.

Rate Details

Premium Amount: $25,000 - See Notes

Fixed Account First Year Yield: 4.25%
Fixed Account Current Interest Rate: 4.25%
Fixed Account Guaranteed Minimum Interest Rate: 1.00%
Index Accounts - Annual Cap and Participation Rates:
Any Index - Highest Point-to-Point Cap: 9.00%
Any Index - Highest Participation Rate: 65.00%
S&P 500 - Point-to-Point Cap: 8.00%

Initial Surrender Charge and MVA Periods

10 years


10 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

Annuitization, Death, Extended Care and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 09/01/2020)

For MA: No Extended Care Waiver and No Terminal Illness Waiver.

For WA: Fixed Account Guaranteed Minimum Interest Rate is 1.25%.


Max Premium Non-Qualified/Qualified:
$1 million for ages 0-75
$750,000 for ages 76-80
$500,000 for ages 81+

Max Issue Age Inherited IRA: 75
Max Issue Age Inherited Non-Qualified: 75

Bailout Feature: On indexed strategies, early withdrawal charges waived, if cap or participation rate for an indexed strategy ever falls below its bailout rate.

Return of Premium Guarantee: The return of premium value is the sum of all purchase payments, less all prior withdrawals, including those to pay rider charges, but not including amounts applied to early withdrawal charges. Included at no extra charge.