What is the minimum guaranteed surrender value for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – California Only)?

Staysail MYGA is a Single Premium Deferred Annuity (SPDA) that credits a guaranteed simple-interest rate for the full duration of the selected guarantee period. The owner pays a single premium and chooses a 3-, 5-, or 7-year term during which interest grows tax-deferred. This California-specific version does not include the Liquidity Rider, meaning it does not offer an annual 10% free-withdrawal allowance. Required Minimum Distributions (RMDs) remain exempt from surrender charges and MVA. Withdrawals beyond RMDs may incur surrender charges and a Market Value Adjustment (MVA). At the end of the guarantee period, the contract automatically enters a no-penalty 1-year guarantee period where surrender charges and MVA are waived. After that period, the owner may renew into a new term, annuitize, or surrender the contract without penalty.

What is the minimum premium amount for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – California Only)?

The minimum premium amount is $10,000.

What is the maximum issue age for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – California Only)?

The maximum issue age is 85 years.

What is the current interest rate for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – California Only)?

The current interest rate is 5.25%.

What is the surrender charge schedule for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – California Only)?

Withdrawals exceeding the allowable amount (RMD only), or a full surrender during the guarantee period, may be subject to surrender charges and a Market Value Adjustment. All surrender charges and MVA are waived during the 1-year post-term renewal window.

What are the best rates available for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – California Only)?

The best available rate is 6.40% for a 7 year term.

Knighthead Life

Knighthead Life – Staysail™ MYGA (No Liquidity Rider – California Only)

About this product

The California-only version of the Staysail™ MYGA (No Liquidity Rider) provides guaranteed simple-interest accumulation, strong client protections, and some of the most competitive MYGA rates available for California residents. This version does not include the 10% liquidity rider, allowing the contract to offer California-specific higher rates while maintaining full principal protection and tax-deferred growth over 3-, 5-, and 7-year guarantee periods.

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

3 Years	5.50%
5 Years	6.20%
7 Years	6.40%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$10,000.00 - $99,999.00	5.25%
$100,000.00 - $2,000,000.00	5.5%

Features
Maximum Issue Age	85 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

Additional Options

Actual payout options may vary by insurance carrier and specific products. Common alternatives include:

Life Income Only: Payments for the rest of your life, stopping upon death
Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
Life with Period Certain: Lifetime payments with a minimum guaranteed period
Joint Life: Payments continue for both you and your spouse's lifetimes
Systematic Withdrawal: Regular withdrawals of a specified amount or percentage