American Freedom Aspire 3
MassMutual Ascend Life Insurance Company
3.75%
3-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.
3-year guaranteed rate
3.75% guaranteed for 3 years
A three-year, declared-rate MYGA from a dual-agency-rated US carrier — at the short end of the MYGA market, no MVA mechanic, a three-year surrender ladder matched to the rate-lock, and annual free-withdrawal access alongside nursing-home and terminal-illness waivers.
Best fit
Buyers who want the shortest typical MYGA rate-lock from a dual-agency-rated carrier, who value a no-MVA simple early-exit mechanic, and who are comfortable that the rate is locked only for three years before renewal-or-surrender decision.
AM Best
A++ Superior
Surrender period
3 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 short-term declared-rate MYGA, rather than a single-source rating.
- Three-year guarantee period is at the short end of the MYGA market — most filings start at 5 years. A buyer who wants a fixed locked rate but does not want to commit principal for half a decade has an unusually short rate-lock window here.
- Three-year declining surrender ladder runs the same length as the rate-lock — the contract is sized to the term rather than carrying a longer surrender tail that extends past the rate guarantee. Annual free-withdrawal access is included alongside the schedule.
- Nursing-home and terminal-illness surrender waivers are documented on the live feed. Both single and joint annuitization are available; the contract accepts both non-qualified and qualified funds.
What to confirm
- Short rate-lock means short crediting horizon — the declared rate is fixed for only three years. At the end of the guarantee period the buyer must either renew at the carrier's then-current rate, surrender, or annuitize, so this filing is a rate-certain bridge rather than a long horizon commitment.
- No market value adjustment is published on this filing — that simplifies the early-exit mechanics but typically means the headline rate runs slightly below MVA-bearing filings of the same length at the same carrier (and at peer carriers).
- Surrender charges in the early years remain in the mid-to-high single digits — an unplanned early exit beyond the annual free-withdrawal allowance still carries a real cost despite the short term. This is a three-year commitment, not a short-term cash equivalent.
- This filing's name aligns with the carrier's 'American Freedom' MYGA family alongside the 5-year and 7-year Aspire variants. The new 'American Freedom Classic - 2025' filings at this carrier are separate, MVA-bearing 2025 filings; buyers should confirm which filing they are quoted before relying on this page's terms.
Not ideal for
Buyers who want a longer-than-3-year fixed-rate horizon (the 5-year Aspire 5 and 7-year Aspire 7 siblings cover those), buyers who want the higher headline rate the carrier's MVA-bearing American Freedom Classic - 2025 filings publish, or buyers who want a premium bonus, GLWB rider, or market-linked upside — none of those are what this contract is built to deliver.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 3.75% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD 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
7%
Yr 2
7%
Yr 3
7%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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