American Freedom Aspire 5
MassMutual Ascend Life Insurance Company
4.65%
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
4.65% guaranteed for 5 years
A five-year, declared-rate MYGA from a dual-agency-rated US carrier — no MVA mechanic, the standard MYGA term-length for like-for-like comparison, a five-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 a five-year locked declared rate from a dual-agency-rated carrier with a simple no-MVA early-exit mechanic, who value the standard MYGA term-length for direct comparison against the peer market, and who do not need a longer or shorter rate-lock.
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.
- Five-year rate-lock is the most common MYGA term and the term most peer comparisons publish — buyers using this filing have a true like-for-like data point against the rest of the MYGA market.
- No market value adjustment is published on this filing — early-exit mechanics are simpler than on MVA-bearing peer MYGAs of the same length. Annual free-withdrawal access is included alongside the surrender schedule.
- Nursing-home and terminal-illness surrender waivers are documented on the live feed, and both single and joint annuitization are available on both non-qualified and qualified funds.
What to confirm
- No MVA mechanic typically means the headline rate runs slightly below MVA-bearing five-year filings at the same carrier and at peer carriers — the trade is simpler early-exit mechanics for a marginally lower published number. A buyer comparing rates should look at the MVA-bearing American Freedom Classic 5 - 2025 sibling filing at the same carrier to read the trade-off.
- Surrender charges in the early years remain in the mid-to-high single digits — an unplanned early exit beyond the annual free-withdrawal allowance carries a real cost. 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.
- The 'Aspire' family sits alongside the carrier's new 'American Freedom Classic - 2025' filings, which are separate MVA-bearing 2025 filings on a slightly wider state footprint — buyers should confirm which filing they are quoted before relying on this page's terms.
Not ideal for
Buyers who want the higher headline rate the carrier's MVA-bearing American Freedom Classic 5 - 2025 sibling filing publishes, buyers who want a shorter-than-5-year (Aspire 3) or longer-than-5-year (Aspire 7) rate-lock, or buyers who want a premium bonus, 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 | 4.65% |
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
7%
Yr 2
7%
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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