Multi-Year Guaranteed Annuity
First Choice 4
Guarantee terms
4 yrs
Free withdrawal
10% published tier; confirm timing and exceptions
Market value adj.
Applies
Minimum premium
$25,000
Availability
49 jurisdictions (48 states + DC; feed also lists GU, PR, VI)
Surrender schedule
4-year published CDSC · 8% → 6%
Interest crediting
Compound — CANNEX yield row, no simple-interest flag
Rates effective
Aug 17, 2026
Guaranteed rates by term
The guaranteed annual rate is shown for each term at the $100,000 comparison premium, alongside the full-term effective rate.
| TermSurrender schedule | Effective annual rateFull-term comparison | Published annual rateContract rate | Rate structureFull guarantee | $100,000 grows toAt term end | vs. marketSame-day term median |
|---|---|---|---|---|---|
| 4-year4-yr surrender scheduleHighest | 4.80% | 4.80% | Flat throughout | $120,627+$20,627 interest | -0.20 ptsmedian 5.00% · n=33 |
Rate figures use a $100,000 comparison premium and are scoped to the selected contract version. Term-end values are illustrative calculations using the published rate and crediting convention with no withdrawals. Market comparisons appear only when the same-day term distribution includes at least five comparable products.
How 4.80% grows over 4 years
Follow a deposit through the complete guarantee term.
The calculator shows outcomes only when the entered premium matches a published rate band. No rate or ending value is inferred outside those bands.
| Year | Rate credited | Interest | Balance |
|---|---|---|---|
| Year 1 | 4.80% | +$4,800 | $104,800 |
| Year 2 | 4.80% | +$5,030 | $109,830 |
| Year 3 | 4.80% | +$5,272 | $115,102 |
| Year 4 | 4.80% | +$5,525 | $120,627 |
| Compound-equivalent annual rate over the full term | 4.800% | ||
How the number is calculated
- Product
- First Choice 4
- Schedule
- 4.80% for 4 years
- Crediting
- Compound interest
- Ending value
- $120,627
- Effective rate
- 4.800% per year
Equivalent: a flat MYGA paying 4.80% compounded annually reaches the same ending value. Confirm the crediting convention on the issued contract.
Getting money out
What it costs to leave early, and what you can take without a charge.
Surrender charge · 4-year version
Charged on withdrawals above the free amount. A market value adjustment can also raise or lower proceeds during the surrender period when it applies.
Penalty-free access
Items marked “not published” remain questions for the issued contract; this page does not infer answers.
How to think about this contract
Editorial interpretation stays separate from the contract data above.
Where it stands out
- The contract's guarantee period and surrender period share the same four-year horizon.
- An annual free-withdrawal allowance provides limited access without surrender charges when its conditions are met.
- Nursing-home and terminal-illness waivers add event-based liquidity beyond the standard allowance.
What to confirm
- Only one guarantee term is published for this product, so a different horizon requires another contract.
- Withdrawals above the available allowance can be reduced by surrender charges and a market-value adjustment.
- The product is designed for fixed-rate accumulation, not index-linked growth or guaranteed lifetime withdrawals.
Contract facts
Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.
Premium
$25,000 minimum
$2,000,000 maximum
Issue ages
18–90 (annuitant and owner)
Joint contracts available.
Fund types
Non-qualified · Qualified
Continuation code S; confirm meaning in the contract.
Ownership
Joint · Single
Annuitant: Joint · Single
Death benefit
Standard Death Benefit
Surrender charges and a market value adjustment may apply under contract terms.
Premium bonus
None published
A first-year interest rate is not a premium bonus.
Systematic withdrawals
Available
Minimum-withdrawal rule applies.
Bailout provision
Not published
Return of premium
Does not apply
Early surrender can return less than premium.
Free-look period
Available; length not published
Length can vary by state; confirm on delivery.
Annuitization
Not published
Maximum annuitization age: 95 years
Fees and charges
None published
Contract versions
1
Most states · MVA · No liquidity rider
Source
CANNEX via AdvisorWorld
Normalized facts observed Sep 9, 2026.
State availability
49 jurisdictions (excl. Idaho, New York) in the current feed. The grid shows 49 U.S. jurisdictions; the feed also lists GU, PR, VI. The grid shows availability only; it does not apply one rate version to every jurisdiction. Outlined entries have their own named rate version when the feed identifies one.