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Multi-Year Guaranteed Annuity
Optimum Selection Annuity — American General Life Insurance Company
Where this product is issued in New York, the issuing company is The United States Life Insurance Company in the City of New York.
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
Oct 5, 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 | 5.65% | 5.65% | Flat throughout | $131,628+$31,628 interest | +0.00 ptsmedian 5.65% · n=124 |
| 7-year7-yr surrender scheduleHighest | 5.65% | 5.65% | Flat throughout | $146,922+$46,922 interest | +0.05 ptsmedian 5.60% · n=112 |
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 5.65% 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 | 5.65% | +$5,650 | $105,650 |
| Year 2 | 5.65% | +$5,969 | $111,619 |
| Year 3 | 5.65% | +$6,306 | $117,926 |
| Year 4 | 5.65% | +$6,663 | $124,589 |
| Year 5 | 5.65% | +$7,039 | $131,628 |
| Compound-equivalent annual rate over the full term | 5.650% | ||
How the number is calculated
- Product
- Optimum Selection Annuity
- Schedule
- 5.65% for 5 years
- Crediting
- Compound interest
- Ending value
- $131,628
- Effective rate
- 5.650% per year
Equivalent: a flat MYGA paying 5.65% 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 Oct 9, 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.
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