Advantage 5 Advisory
MassMutual Ascend Life Insurance Company
5%
5-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5% guaranteed for 5 years
A five-year, fee-based-channel MYGA from a dual-agency-rated US carrier, with premium-band pricing that steps the published rate up at a larger-deposit tier, an MVA mechanism on early surrenders, and a five-year declining surrender ladder alongside annual free-withdrawal access.
Best fit
Buyers working with a fee-based advisor who want a five-year locked declared rate from a dual-agency-rated carrier, who are placing a deposit large enough to consider the upper premium band, and who are comfortable letting the MVA adjust the amount received on an early surrender above the free-withdrawal allowance.
AM Best
A++ Superior
Surrender period
5 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- A.M. Best Superior plus Standard & Poor's Strong — dual-agency financial-strength corroboration on a five-year declared-rate MYGA, rather than a single-source rating. The 'Advisory' designation positions this filing for fee-based RIA distribution; the underlying carrier credit is the same as the carrier's commission-paid retail MYGA lineup.
- Premium-band pricing is visible on the live feed — the published 5-year rate steps up at the larger-premium tier, so a buyer placing a materially larger deposit sees a higher published number on the same filing. Both bands and their breakpoint are published.
- Market value adjustment (MVA) is built into the contract — the filing carries an MVA mechanism on surrenders above the free-withdrawal allowance. Buyers willing to absorb interest-rate-driven adjustment risk on early exits typically see a higher headline rate than equivalent no-MVA filings.
- Five-year declining surrender ladder steps down each year, with annual free-withdrawal access alongside the schedule, plus nursing-home and terminal-illness waivers — small partial liquidity is preserved across the term.
What to confirm
- The 'Advisory' designation means this filing is built for fee-based advisor distribution. Buyers expecting a commission-paid retail MYGA wrapper, or buyers without an advisor relationship that supports fee-based distribution, should confirm which channel they qualify for before assuming this rate is available to them.
- The MVA mechanic means a surrender above the free-withdrawal allowance is not the same as a clean account-value withdrawal — interest rates at the time of surrender drive the adjustment up or down, which can materially change the amount actually received. Confirm with the carrier how the MVA is computed before any planned partial surrender.
- Surrender charges in the first three years of the schedule are in the high single digits — an unplanned early exit beyond the annual free-withdrawal allowance early in the term carries a real cost on top of any MVA adjustment. This is a five-year commitment, not a short-term cash equivalent.
- No premium bonus, no return-of-premium feature, and no lifetime-income rider — this contract is built for rate certainty over a fixed five-year window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
Buyers outside the fee-based advisor distribution channel, buyers who cannot tolerate an MVA on early surrenders, buyers who need a shorter-than-5-year or longer-than-5-year fixed-rate horizon (this filing publishes only 5-year), or buyers who want a premium bonus, a GLWB rider, or market-linked upside — none of those are what this filing is built to deliver.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 5-Year | 5% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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