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Fixed Indexed Annuity

AssuranceSelect 5 Plus

MassMutual Ascend Life Insurance Company

8%

Best Cap

10%

Free W/D

50

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

8% cap on S&P 500

A five-year, accumulation-only fixed indexed annuity from a dual-agency-rated US carrier, pairing a recognizable S&P 500 cap option with volatility-controlled and gold-linked strategies inside a middle-ground FIA surrender window.

1-year termAdvisorWorld + CANNEX data

Best fit

Accumulation-focused buyers who can commit to a five-year deferral, want a recognizable S&P 500 cap option alongside volatility-controlled and commodity alternatives from a dual-agency-rated carrier, and who do not need a contractually guaranteed lifetime income rider.

AM Best

A++ Superior

Surrender period

5 years

Free withdrawal

10%/yr

Availability

50 jurisdictions (excl. New York)

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

8% cap rate

Rate varies by premium band.

S&P 500

S&P 500 Index

7.9% cap rate

Rate varies by premium band.

Fixed Account

Fixed Account

4.5% declared rate

Rate varies by premium band.

+ 6 volatility-controlled index options (iShares US, S&P 500, S&P U.S....)

Product analyst notes

How to think about this contract

Why it can stand out

  • Five-year surrender is a middle-ground FIA commitment — shorter than the typical seven-to-ten-year filing but long enough to publish a meaningfully higher S&P 500 cap than the three-year AssuranceSelect 3 Plus sibling.
  • A.M. Best Superior plus Standard & Poor's Strong — dual-agency financial-strength corroboration on the carrier, rather than a single-source rating.
  • Crediting menu pairs a recognizable S&P 500 annual point-to-point cap with named volatility-controlled indexes (S&P 500 Average Daily Risk Control, S&P U.S. Retiree Spending) and a SPDR Gold Shares strategy — buyers can hold a like-for-like S&P comparison alongside lower-volatility and commodity alternatives inside one contract.
  • Free-withdrawal allowance, the full five-year surrender ladder, and the standard waivers (nursing-home and terminal-illness) are all visible on this page rather than gated behind 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 in the lineup — AssuranceSelect 7 Plus, American Legend 7, or Premier Income Bonus carry the rider option.
  • 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.
  • Volatility-controlled indexes (S&P 500 Average Daily Risk Control, S&P U.S. Retiree Spending) target a controlled return profile that systematically caps the S&P 500's full upside in exchange for steadier participation; their caps look higher than the standard S&P 500 cap but the underlying index is structurally different.
  • Caps and participation rates reset at the carrier's discretion at renewal under guaranteed-minimum floors well below current headline rates, so the published cap is a current-period figure, not a five-year guarantee.

Not ideal for

Buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, want a shorter three-year surrender window like AssuranceSelect 3 Plus, or 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 (18 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.

Par: 75% · 1-yr

S&P U.S. Retiree Spending Total Return Index

participation

5-yr surrender$100,000+

Par: 70% · 1-yr

S&P 500 Average Daily Risk Control Price Return Index

participation

5-yr surrender$100,000+

Cap: 11% · 1-yr

SPDR Gold Shares

cap

5-yr surrender$100,000+

Cap: 10.5% · 1-yr

iShares US Real Estate ETF

cap

5-yr surrender$100,000+

Cap: 8% · 1-yr

S&P 500 Index

cap

5-yr surrender$100,000+

Fixed: 4.5% · 1-yr

Fixed Account

fixed

5-yr surrender$100,000+

Cap: 12.6% · 1-yr

First Trust Barclays Edge Index

cap

5-yr surrender$100,000+

Cap: 7.9% · 5-yr

S&P 500 Index

Locked Cap Strategy · cap

5-yr surrender$100,000+

Cap: 12% · 5-yr

First Trust Barclays Edge Index

Locked Cap Strategy · cap

5-yr surrender$100,000+

Par: 75% · 1-yr

S&P U.S. Retiree Spending Total Return Index

$100,000+

Par: 70% · 1-yr

S&P 500 Average Daily Risk Control Price Return Index

$100,000+

Cap: 12.6% · 1-yr

First Trust Barclays Edge Index

$100,000+

Cap: 11% · 1-yr

SPDR Gold Shares

$100,000+

Cap: 10.5% · 1-yr

iShares US Real Estate ETF

$100,000+

Cap: 8% · 1-yr

S&P 500 Index

$100,000+

Fixed: 4.5% · 1-yr

Fixed Account

$100,000+

Cap: 12% · 5-yr

First Trust Barclays Edge Index

Locked Cap Strategy

$100,000+

Cap: 7.9% · 5-yr

S&P 500 Index

Locked Cap Strategy

$100,000+

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit - GMSV

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 2.40%

Strategy guarantee

Guaranteed minimum interest rate (fixed): 2.40%

Strategy guarantee

Minimum guaranteed participation: 5.00%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

8%

Yr 2

8%

Yr 3

7%

Yr 4

6%

Yr 5

5%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

product guide

B1161525NW-2.pdf

Confidence: highReviewed Apr 4, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA++
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

AssuranceSelect 5 Plus currently shows 9 distinct indexed or fixed crediting choices across 18 current rate listings, including S&P 500 Index, S&P 500 Average Daily Risk Control Price Return Index, and Fixed Account, with 5 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 8% cap
  • S&P 500 Average Daily Risk Control Price Return Index: 70% participation
  • S&P 500 Index: 7.9% cap

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 5 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as B1161525NW-2.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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