Fixed Indexed Annuity

American Landmark 3

MassMutual Ascend Life Insurance Company

Best Cap

10%

Free W/D

Jurisdictions

Product data status: May 29, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual cap rate

6% cap on S&P 500

A three-year, accumulation-only fixed indexed annuity from a dual-agency-rated US carrier, pairing a recognizable S&P 500 cap option with named-ETF international and real-estate strategies and an unusually short FIA surrender window.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who want a recognizable S&P 500 cap option inside an FIA chassis but do not want the seven-to-ten-year surrender horizon most FIAs require, and who are comfortable letting the carrier reset the published cap at renewal under the contract's guaranteed-minimum floor.

AM Best

A++ Superior

Surrender period

3 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Caps, participation rates, and declared rates are shown separately.

Index / strategyRate mechanicsTermPremium

S&P 500

S&P 500 Index

6% cap rate

Rate varies by premium band.

1-year term

Up to $150,000

Fixed Account

3.4% declared rate

Rate varies by premium band.

1-year term

Up to $150,000

+ 6 volatility-controlled index options (iShares US, MSCI EAFE, First Trust...)

Product analyst notes

How to think about this contract

Why it can stand out

A.M. Best Superior carrier rating combined with a Standard & Poor's Strong rating from a long-established US carrier — dual-agency financial-strength corroboration rather than a single-source view, on a product with a three-year commitment.
Three-year surrender period is at the short end of the FIA market — most fixed indexed annuities lock principal for seven to ten years, so a buyer who wants the index-linked crediting structure of an FIA without committing to a decade-long contract has an unusually short window here.
Crediting menu pairs a recognizable S&P 500 annual point-to-point cap with two additional named-ETF index options (MSCI EAFE international, iShares US Real Estate), so buyers can diversify across crediting strategies inside one contract.
Free-withdrawal allowance, the full three-year surrender ladder, and the available waivers (nursing-home and terminal-illness) are visible on this page rather than buried in a brochure.

What to confirm

This is NOT a guaranteed-lifetime-withdrawal product. The live feed shows no income riders attached. A buyer who wants a contractually guaranteed lifetime payout from a GLWB needs a different contract — American Legend 7, Premier Income Bonus, or another product in the lineup with a rider.
Short surrender means short crediting horizon — only three contract years to ride out an index cycle before renewal. Caps and participation rates reset at the carrier's discretion at renewal under guaranteed-minimum floors that are well below current headline rates, so the published cap is not a multi-year guarantee.
The First Trust Barclays Edge Index strategies in the menu are proprietary, participation-rate strategies on a non-recognizable index. Their participation rates can look high in absolute terms but are not directly comparable to an S&P 500 cap — evaluate each on its own merits.
Free-withdrawal allowance and surrender waivers do not eliminate the surrender ladder; exits beyond the free-withdrawal percentage in the three-year window still trigger the published charges.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want a long surrender lock to capture a higher first-year cap, or prefer a MYGA-style declared rate without index-linked variability — none of those are what this contract is structured to deliver.

All crediting strategies

View rate listings (12 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Cap: 6.75% · 1-yr

iShares US Real Estate ETF

cap