Multi-Year Guaranteed Annuity
Optimum Selection Annuity
Guarantee terms
5 · 7 yrs
Free withdrawal
15% published tier; confirm timing and exceptions
Market value adj.
Applies
Minimum premium
$25,000
Availability
13 jurisdictions (12 states + DC)
Surrender schedule
5-year published CDSC · 8% → 3%
Interest crediting
Compound — CANNEX yield row, no simple-interest flag
Rates effective
Sep 15, 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 |
|---|---|---|---|---|---|
| 5-year5-yr surrender scheduleHighest | 5.30% | 5.30% | Flat throughout | $129,462+$29,462 interest | +0.10 ptsmedian 5.20% · n=118 |
| 7-year7-yr surrender scheduleHighest | 5.30% | 5.30% | Flat throughout | $143,548+$43,548 interest | +0.10 ptsmedian 5.20% · n=118 |
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 5.30% grows over 5 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 | 5.30% | +$5,300 | $105,300 |
| Year 2 | 5.30% | +$5,581 | $110,881 |
| Year 3 | 5.30% | +$5,877 | $116,758 |
| Year 4 | 5.30% | +$6,188 | $122,946 |
| Year 5 | 5.30% | +$6,516 | $129,462 |
| Compound-equivalent annual rate over the full term | 5.300% | ||
How the number is calculated
- Product
- Optimum Selection Annuity
- Schedule
- 5.30% for 5 years
- Crediting
- Compound interest
- Ending value
- $129,462
- Effective rate
- 5.300% per year
Equivalent: a flat MYGA paying 5.30% 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 · 5-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 offers two guarantee-period choices, letting buyers compare a shorter commitment with a longer fixed-rate horizon.
- The rate table keeps both guarantee-period options visible so buyers can compare commitment lengths and premium bands directly.
- The published annual free-withdrawal allowance is paired with nursing-home, terminal-illness, and required-minimum-distribution waivers.
- The contract accepts both qualified and non-qualified money and permits single or joint ownership.
What to confirm
- Availability is limited to the jurisdictions listed on this page, so buyers should confirm the intended state of issue before relying on the product in a plan.
- Rates vary by deposit band, and the live feed publishes more than one contract option at the same term and deposit level; confirm the exact option and rate before signing.
- Withdrawals above the annual free allowance can face surrender charges, and a market value adjustment may further increase or decrease the amount received.
- There is no guaranteed-lifetime-withdrawal rider; this contract is designed for fixed-rate accumulation rather than guaranteed lifetime income.
Contract facts
Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.
Premium
$25,000 minimum
$2,000,000 maximum
Issue ages
18–85 (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
Varies by contract version
Early surrender can return less than premium.
Free-look period
?
Length can vary by state; confirm on delivery.
Annuitization
Not published
Maximum annuitization age: 95 years
Fees and charges
None published
Contract versions
2
12-state version · MVA · No liquidity rider · 13-state version · MVA · No liquidity rider
Source
CANNEX via AdvisorWorld
Normalized facts observed Sep 18, 2026.
State availability
13 jurisdictions (restricted footprint) in the current feed. 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.