American Freedom Aspire 7
MassMutual Ascend Life Insurance Company
4.7%
7-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.
7-year guaranteed rate
4.7% guaranteed for 7 years
A seven-year, declared-rate MYGA from a dual-agency-rated US carrier — no MVA mechanic, on the longer side of MYGA term-lengths, a seven-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 longer seven-year locked declared rate from a dual-agency-rated carrier with a simple no-MVA early-exit mechanic, who value the higher headline rate that a longer commitment typically commands, and who are confident they will not need principal back beyond the free-withdrawal allowance for the full term.
AM Best
A++ Superior
Surrender period
7 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 seven-year declared-rate MYGA, rather than a single-source rating.
- Seven-year rate-lock is on the longer side of the MYGA market — buyers willing to extend the commitment beyond the standard five-year term typically capture a meaningfully higher published rate than the 3-year and 5-year Aspire siblings.
- 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
- Seven years is a long horizon for a fixed-rate lock — confirm the buyer truly does not need the principal back, beyond the annual free-withdrawal allowance, for the full term before committing. Reinvestment risk and personal-circumstance changes both stretch with the term.
- No MVA mechanic typically means the headline rate runs slightly below MVA-bearing seven-year filings at the same carrier and at peer carriers — the trade is simpler early-exit mechanics for a marginally lower published number. The MVA-bearing American Freedom Classic 7 - 2025 sibling at the same carrier is the direct comparison.
- Surrender charges run for the full seven years and remain meaningful into the back half of the schedule — an unplanned early exit beyond the annual free-withdrawal allowance carries a real cost throughout the term.
- No premium bonus, no return-of-premium feature, and no lifetime-income rider — this contract is built for rate certainty over a fixed seven-year window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
Buyers who want the higher headline rate the carrier's MVA-bearing American Freedom Classic 7 - 2025 sibling filing publishes, buyers who want a shorter-than-7-year rate-lock (the Aspire 3 or Aspire 5 siblings cover those), 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 |
|---|---|
| 7-Year | 4.7% |
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%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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