MassMutual Ascend
MassMutual Ascend offers a variety of annuity products and financial planning tools, operating as an independent subsidiary of MassMutual with a strong financial rating and extensive customer benefits.
Annuity Products
MassMutual Ascend offers a diverse range of annuity products designed to meet various financial goals and needs. These products include fixed annuities, fixed-indexed annuities, registered index-linked annuities, and immediate annuities. Each type of annuity comes with its own set of benefits and features, providing options for both conservative and growth-oriented investors. For instance, fixed annuities offer guaranteed returns, while fixed-indexed annuities provide growth potential linked to market indexes. Immediate annuities provide regular income streams, which can start almost immediately after the investment.
Financial Planning Tools and Resources
MassMutual Ascend provides a comprehensive suite of financial planning tools and resources to help individuals prepare for retirement. These resources include retirement planning checklists, annuity calculators, and guides on annuity features. The tools are designed to help users understand their retirement needs, calculate potential benefits, and make informed decisions about their financial future. Accessible through their website, these resources are readily available to assist in planning and managing retirement strategies.
Independent Subsidiary of MassMutual
MassMutual Ascend operates as an independent subsidiary of MassMutual, benefiting from the parent company's strong investment capabilities and financial stability. This relationship allows MassMutual Ascend to leverage MassMutual's extensive expertise while maintaining its operational independence. As a subsidiary, it provides a reliable and solid financial foundation for its annuity products, ensuring that customers benefit from a trusted and experienced financial institution.
Guaranteed Income Benefits
Since 2000, MassMutual Ascend has paid over $10 billion in guaranteed income benefits to contract owners. This significant payout underscores the company's commitment to fulfilling its obligations and providing financial security to its clients. The guaranteed income benefits are a key feature of many of MassMutual Ascend’s annuity products, offering peace of mind and stability for retirees who rely on a steady income stream.
AM Best Rating
MassMutual Ascend has maintained an 'A' or higher rating from AM Best for over 40 consecutive years. This consistent rating reflects the company's strong financial health, operational performance, and ability to meet its ongoing insurance obligations. An 'A' rating or higher from AM Best is a clear indicator of a company's stability and reliability, factors that are crucial for customers when choosing a financial service provider.