MassMutual Ascend adds death benefit rider to fixed-indexed annuities

MassMutual Ascend  launched Legacy Ascender, an optional death benefit rider for its fixed-indexed annuities.

The rider offers guaranteed asset growth at age-based rates. Issue ages 50-79 get a 9% simple interest rollup credit; ages 80-85 get 6%. Owners and beneficiaries choose how the benefit is paid, and there’s no waiting period to receive it.

The product launches during Annuity Awareness Month.

MassMutual Ascend, a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company, holds an A++ (Superior) rating from AM Best and AA (Very Strong) from S&P.

Joe Maringer, Senior Vice President and National Sales Manager, said the combination of guaranteed growth, payout choice and no waiting period gives clients certainty and control in legacy planning.