Platinum Assure
Americo
4.9%
5-yr guarantee
10%
Free W/D
California
Only state
Live product data
Rates as of May 25, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed declared rate
4.9% guaranteed for 5 years
A short-surrender, A-rated multi-year guaranteed annuity filed specifically for California buyers, with a generous free-withdrawal allowance and a market value adjustment on early surrenders.
Best fit
California residents who want a fixed, contractually-guaranteed interest rate for a defined term, a short lockup relative to typical MYGAs, and meaningful penalty-free liquidity each year while the rate is in force.
AM Best
A Excellent
Surrender period
2 years
Free withdrawal
10%/yr
Availability
California only
Product analyst notes
How to think about this contract
Why it can stand out
- The surrender period is notably short for a MYGA — the contract reaches surrender-free status quickly relative to the typical 5-to-10-year MYGA lockup, so buyers are not committing principal beyond the rate guarantee window.
- The free-withdrawal allowance is generous compared to the common 5%-or-RMD-only MYGA standard, giving holders meaningful penalty-free access to principal each year while the rate is locked in.
- The carrier holds an A.M. Best 'A' (Excellent) financial-strength rating, the baseline most fiduciary buyers screen for when evaluating a fixed-rate guarantee.
- The contract includes a market value adjustment, which is the conventional MYGA design that lets the carrier offer a competitive guaranteed rate by passing interest-rate risk on early surrenders back to the policyholder rather than absorbing it in the credited rate.
What to confirm
- This is the California-specific filing of Platinum Assure. It is only available to California buyers. If you live in any other state (except New York, where Americo does not file this series), the Platinum Assure version available to you is a different filing with a different surrender schedule and free-withdrawal terms — see the platinum-assure page for the version that applies to you.
- The longest term offered on this filing is shorter than the 7- and 10-year terms many competing MYGA carriers list. Buyers who want to lock a rate for a longer horizon will need to choose a different product or plan to reinvest at the end of the term at then-current rates.
- The death benefit is the cash-value of the contract — there is no enhanced rollup or step-up. Buyers prioritizing a wealth-transfer feature should not treat this contract as a death-benefit product.
- Surrender-charge waivers are limited to a nursing home waiver. There is no terminal-illness or disability waiver on this filing — confirm the waiver list against your own liquidity-event scenarios before committing.
Not ideal for
Buyers outside California (this exact filing is not available to them — they should compare against the Platinum Assure filing for their state), buyers who need a 7- or 10-year guaranteed rate horizon, and buyers seeking equity-linked upside, lifetime income guarantees, or an enhanced death benefit — none of which a MYGA provides.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 2-Year | 4.15% |
| 3-Year | 4.45% |
| 4-Year | 4.75% |
| 5-Year | 4.9% |
Key Features
Free withdrawal
3%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
1Nursing home waiver
Death benefit
Death BeneftBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
8.3%
Yr 2
7.5%
After
0%
Nursing home waiver, Surrender waivers
Carrier Ratings
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