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Active Product: Manhattan Life – Premium Preferred (California)
Manhattan Life – Premium Preferred (California)
About this product
The Manhattan Life Premium Preferred (California) 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 5- and 7-year guarantee periods for California residents. It delivers contractually guaranteed interest rates insulated from market volatility, making it appropriate for conservative savers seeking predictable accumulation. With annual penalty-free access beginning after the first contract year and straightforward contract mechanics, Premium Preferred (California) supports long-term retirement planning with stability and simplicity.
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
| 5 Years | 4.25% |
| 7 Years | 4.40% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $10,000.00 - $1,000,000.00 | 4.25% |
Features
| Maximum Issue Age | 84 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 | 4.40% |
| 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