Simulation & Edit Mode
Active Product: Manhattan Life – Preferred Choice (California)
Manhattan Life – Preferred Choice (California)
About this product
The Manhattan Life Preferred Choice CA is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Manhattan Life Insurance Company that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, 6-, and 7-year guarantee periods for California residents. The contract delivers predictable, contractually guaranteed interest rates insulated from market volatility, making it suitable for conservative savers seeking stable accumulation. With straightforward contract mechanics and annual penalty-free access on eligible terms, Preferred Choice CA supports long-term retirement planning with clarity and security.
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 3 Years | 4.35% |
| 5 Years | 4.50% |
| 6 Years | 4.45% |
| 7 Years | 4.65% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $10,000.00 - $1,000,000.00 | 4.35% |
Features
| Maximum Issue Age | 99 years |
Growth Projection
How your money grows
Based on your issue age (55) and target payout age (62), the following guarantee period will be applied:
| Guarantee Period | 7 years |
| Rate | 4.65% |
| Age | 55 - 62 |
Summary
| Total years to payout | 30 |
| Total guarantee periods applied | 5 |
Lifetime Income Details
Payout Options
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