Fixed Indexed Annuity

AssuranceSelect 3 Plus

MassMutual Ascend Life Insurance Company

6.25%

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

6.25% 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 inside 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 cannot commit to the seven-to-ten-year surrender lock 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

6.25% 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

+ 4 volatility-controlled index options (iShares US, iShares MSCI, First Trust...)

Product analyst notes

How to think about this contract

Why it can stand out

Three-year surrender period at the short end of the FIA market — most fixed indexed annuities lock principal for seven to ten years, so a buyer who wants index-linked crediting without committing to a decade-long contract has an unusually short window here.
A.M. Best Superior plus Standard & Poor's Strong — dual-agency financial-strength corroboration on a short-surrender FIA, rather than a single-source rating.
Crediting menu pairs a recognizable S&P 500 annual point-to-point cap with named-ETF strategies (iShares MSCI EAFE international, iShares US Real Estate) so buyers can diversify across crediting strategies inside one short-surrender contract.
Free-withdrawal allowance, the full three-year surrender ladder, and the standard waivers (nursing-home and terminal-illness) are visible on this page rather than gated behind a sales 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 in the lineup — AssuranceSelect 7 Plus, American Legend 7, or Premier Income Bonus carry the rider option.
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 a current-period figure, not a multi-year guarantee.
The First Trust Barclays Edge Index strategy in the menu is a proprietary participation-rate strategy on a non-recognizable index. Its participation rate can look high in absolute terms but is not directly comparable to an S&P 500 cap — evaluate it on its own merits.
The 'Plus' label on the product name marks this as a refresh of the underlying AssuranceSelect chassis, not an income-rider variant — buyers searching for an income product on the AssuranceSelect name should look at the seven-year sibling, not this three-year filing.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, who want a longer surrender lock to capture a higher first-year cap like the five-year and seven-year siblings publish, or who prefer a MYGA-style declared rate without index-linked variability — none of those are what this contract is built 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: 7.5% · 1-yr

iShares US Real Estate ETF

cap