The feature establishes a defined band around initial cap rates across select strategies to provide greater renewal rate predictability.
MassMutual Ascend Life Insurance Company (MassMutual Ascend), an Ohio-based provider of fixed, fixed-indexed and registered index-linked annuities (Rilas), has rolled out Cap Control, a new mechanism aimed at mitigating renewal rate volatility between investment terms. The feature has been introduced in direct response to financial adviser demand seeking smoother renewal experiences The feature establishes a defined renewal range anchored around a contract’s initial cap ra