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Highest compound-equivalent rate
5.9331%
7-yr compound-equivalent annual rate · 7-yr surrender schedule · $100,000+ premium
7.1% simple interest quoted · Most states · MVA · No liquidity rider · $100,000+ premium.
View all rates and terms ↓47
Available jurisdictions
Rates as of November 13, 2026. CANNEX via AdvisorWorld; confirm rates and state availability before purchase.
Product analyzer
Run numbers for Staysail
guaranteed rates, terms, state availability, surrender details, and contract facts stay scoped to this Knighthead Life product.
Live product data
Rates as of November 13, 2026, from AdvisorWorld and CANNEX.
Lead-term guaranteed rate
5.93% guaranteed for 7 years
A single-filing multi-year guaranteed annuity from Knighthead Life — flat declared rates at 3, 5, and 7-year terms, a generous annual free-withdrawal allowance, nursing-home and terminal-illness waivers, and single or joint annuitization.
Best fit
Buyers who want a flat, contractually guaranteed rate locked in for a 3-, 5-, or 7-year term from a single MYGA chassis, value an unusually generous annual free-withdrawal allowance, want the nursing-home and terminal-illness waivers visible on this page, and are comfortable with single-source (A.M. Best only) financial-strength coverage.
Available guarantee terms
3, 5, and 7 years
AM Best
A- Excellent
Available surrender terms
3, 5, and 7 years
Availability
47 jurisdictions (excl. Massachusetts, New Hampshire, New York, Vermont)
Product analyst notes
How to think about this contract
Why it can stand out
- Term menu runs the full 3 / 5 / 7-year ladder in a single filing, so a buyer can pick the lock-in window that matches their planning horizon without switching to a sibling product — the same contract chassis covers the short, medium, and long end of the MYGA-rate market.
- Annual free-withdrawal allowance is unusually generous for a MYGA — penalty-free liquidity rules are visible on this page, not gated behind a sales brochure.
- The contract is built with buyer-protection waivers — nursing-home and terminal-illness — so the surrender schedule is not the only path to access principal during a life-event hardship.
- Annuitization supports both single-life and joint-life conversion, so a couple buying in joint ownership can convert the contract into a joint-life income stream without bolting on a separate rider.
What to confirm
- Knighthead Life is rated only by A.M. Best on this contract. Buyers who weight multi-agency financial-strength coverage (Moody's, S&P, Fitch) should note that the strength view here is single-source and compare with carriers that publish across more agencies.
- State availability is restricted — this contract is currently filed in 46 jurisdictions. New York and several other states are not included; confirm the contract is offered in the state of issue before signing.
- Surrender charges run the full term with a meaningful first-year charge, so an unplanned early exit beyond the annual free-withdrawal allowance carries a real cost — this is a multi-year commitment, not a short-term cash equivalent.
- The death benefit is the standard contractual beneficiary value with no roll-up or step-up enhancement, and there is no guaranteed-lifetime-withdrawal rider on this contract — this contract is built for rate certainty over the chosen term, not for legacy enhancement or guaranteed lifetime income.
Not ideal for
Buyers who need multi-agency financial-strength coverage (S&P, Moody's, Fitch), live in a state where this contract is not offered, need short-window liquidity, want market-linked upside through index crediting, expect a guaranteed-lifetime-withdrawal rider, or want a death benefit with roll-up or step-up — a 3-to-7-year MYGA from a single-rated carrier is none of those things.
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Guaranteed Rates by Term
CANNEX identifies each state, MVA, and liquidity-rider version below. Compound-equivalent annual rates are the primary comparison measure; the carrier's quoted simple-interest rate remains visible beneath each value.
| Contract version | Term | Surrender term | Rate effective | Published rate |
|---|---|---|---|---|
| California · No MVA · Free Withdrawal Rider | 3-Year | 3-Year schedule | Oct 5, 2026 | 5.3578%Compound equivalent · comparison rate5.65% quoted simple interest |
| California · No MVA · Free Withdrawal Rider | 5-Year | 5-Year schedule | Oct 5, 2026 | 5.3874%Compound equivalent · comparison rate6% quoted simple interest |
| California · No MVA · Free Withdrawal Rider | 7-Year | 7-Year schedule | Oct 5, 2026 | 5.174%Compound equivalent · comparison rate6.05% quoted simple interest |
| California · No MVA · No liquidity rider | 3-Year | 3-Year schedule | Oct 5, 2026 | 5.5377%Compound equivalent · comparison rate5.85% quoted simple interest |
| California · No MVA · No liquidity rider | 5-Year | 5-Year schedule | Oct 5, 2026 | 5.9091%Compound equivalent · comparison rate6.65% quoted simple interest |
| California · No MVA · No liquidity rider | 7-Year | 7-Year schedule | Oct 5, 2026 | 5.9331%Compound equivalent · comparison rate7.1% quoted simple interest |
| Most states · MVA · Free Withdrawal Rider | 3-Year | 3-Year schedule | Oct 5, 2026 | 5.3578%Compound equivalent · comparison rate5.65% quoted simple interest |
| Most states · MVA · Free Withdrawal Rider | 5-Year | 5-Year schedule | Oct 5, 2026 | 5.3874%Compound equivalent · comparison rate6% quoted simple interest |
| Most states · MVA · Free Withdrawal Rider | 7-Year | 7-Year schedule | Oct 5, 2026 | 5.174%Compound equivalent · comparison rate6.05% quoted simple interest |
| Most states · MVA · No liquidity rider | 3-Year | 3-Year schedule | Oct 5, 2026 | 5.5377%Compound equivalent · comparison rate5.85% quoted simple interest |
| Most states · MVA · No liquidity rider | 5-Year | 5-Year schedule | Oct 5, 2026 | 5.9091%Compound equivalent · comparison rate6.65% quoted simple interest |
| Most states · MVA · No liquidity rider | 7-Year | 7-Year schedule | Oct 5, 2026 | 5.9331%Compound equivalent · comparison rate7.1% quoted simple interest |
Key Features
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
3-Year Version
Yr 1
8.5%
Yr 2
8%
Yr 3
7%
After
0%
5-Year Version
Yr 1
8.5%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
7-Year Version
Yr 1
8.5%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Carrier Ratings
Free Comparison Report
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See how Staysail compares for your age, state, premium, and income goals alongside other Knighthead Life MYGA options.
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