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Multi-Year Guaranteed Annuity
Select Choice Plus — S.USA Life Insurance Company Inc.
Guarantee terms
3 · 5 · 7 yrs
Free withdrawal
Not published
Market value adj.
Varies by version
Minimum premium
$2,000
Availability
2 jurisdictions (2 states)
New York representative surrender schedule
7-year option published contract option; match to the selected rate before purchase
Interest crediting
Compound — CANNEX yield row, no simple-interest flag
New York representative rates effective
Nov 2, 2026
Choose the contract version
The carrier publishes multiple current contracts under this product name. Choose the state footprint and version; the rates and contract facts below stay with that exact selection.
Guaranteed rates by term
The guaranteed annual rate is shown for each term at the $100,000 comparison premium, alongside the full-term effective rate.
New York representative rates and contract schedule. Rates and any linked contract schedule come from the New York qualified response; other jurisdictions can differ.
Published contract versions. The source publishes four current contract rate sets without consumer-facing version names. The numbered labels preserve every rate in the selected broad-market profile. New Hampshire and New York use separate two-state profiles with their own rates; confirm the state-qualified profile and contract version on a quote.
| TermSurrender schedule | Effective annual rateFull-term comparison | Published annual rateContract rate | Rate structureFull guarantee | $100,000 grows toAt term end | vs. marketSame-day term median |
|---|---|---|---|---|---|
| 3-yearSchedule not published | 5.55% | 5.55% | Flat throughout | $117,591+$17,591 interest | +0.15 ptsmedian 5.40% · n=128 |
| 5-yearSchedule not published | 5.90% | 5.90% | Flat throughout | $133,193+$33,193 interest | +0.20 ptsmedian 5.70% · n=152 |
| 7-yearSchedule not publishedHighest | 6.00% | 6.00% | Flat throughout | $150,363+$50,363 interest | +0.30 ptsmedian 5.70% · n=138 |
Rate figures use a $100,000 comparison premium and are scoped to the selected contract version. Term-end values are illustrative calculations using the published rate and crediting convention with no withdrawals. Market comparisons appear only when the same-day term distribution includes at least five comparable products.
How 6.00% grows over 7 years
Follow a deposit through the complete guarantee term.
The calculator shows outcomes only when the entered premium matches a published rate band. No rate or ending value is inferred outside those bands.
| Year | Rate credited | Interest | Balance |
|---|---|---|---|
| Year 1 | 6.00% | +$6,000 | $106,000 |
| Year 2 | 6.00% | +$6,360 | $112,360 |
| Year 3 | 6.00% | +$6,742 | $119,102 |
| Year 4 | 6.00% | +$7,146 | $126,248 |
| Year 5 | 6.00% | +$7,575 | $133,823 |
| Year 6 | 6.00% | +$8,029 | $141,852 |
| Year 7 | 6.00% | +$8,511 | $150,363 |
| Compound-equivalent annual rate over the full term | 6.000% | ||
How the number is calculated
- Product
- Select Choice Plus
- Schedule
- 6.00% for 7 years
- Crediting
- Compound interest
- Ending value
- $150,363
- Effective rate
- 6.000% per year
Equivalent: a flat MYGA paying 6.00% compounded annually reaches the same ending value. Confirm the crediting convention on the issued contract.
Getting money out
What it costs to leave early, and what you can take without a charge.
Surrender schedule · published contract options
Rates and any linked contract schedule come from the New York qualified response; other jurisdictions can differ.
Published schedule 1 · 7-year
This published contract schedule is linked to another source rate row, not the selected headline rate row. Confirm the applicable schedule for the issued contract.
A market value adjustment may still raise or lower proceeds when it applies.
Penalty-free access
Items marked “not published” remain questions for the issued contract; this page does not infer answers.
How to think about this contract
Editorial interpretation stays separate from the contract data above.
Where it stands out
- This state-specific profile gives New Hampshire and New York buyers several fixed guarantee periods.
- The contract publishes joint ownership and annuitant rules and a single-life annuitization option.
- Product-matched brochure records are on file, although no public document URL is published.
What to confirm
- This profile is restricted to New Hampshire and New York.
- The source offers market-value-adjustment and return-of-premium choices without mapping the unnamed rate sets to those choices.
- The feed does not publish a usable annual free-withdrawal percentage or systematic-withdrawal availability for this profile.
- Schedule identifiers vary by rate set, so the applicable ladder must be matched to the exact issued version.
Contract facts
Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.
Premium
$2,000 minimum
$5,000,000 maximum · Non-qualified: $2,000–$5,000,000 · Qualified: $2,000–$5,000,000
Issue ages
0–85 or 18–85 (annuitant and owner; applicability by range not published)
Joint contracts available.
Fund types
Non-qualified · Qualified
Continuation code S; confirm meaning in the contract.
Ownership
Corporation · Joint · Single · Trust
Annuitant: Single
Death benefit
Cash Surrender Value
Surrender charges may apply; a market value adjustment depends on the contract version.
Premium bonus
None published
A first-year interest rate is not a premium bonus.
Systematic withdrawals
Not available
Minimum-withdrawal rule applies.
Bailout provision
Not available
Return of premium
Varies by contract version
Early surrender can return less than premium.
Free-look period
Available; length not published
Length can vary by state; confirm on delivery.
Annuitization
Single life
Maximum annuitization age: 100 years
Fees and charges
None published
Contract versions
4
NH / NY · MVA · No liquidity rider · Published version 1 · NH / NY · MVA · No liquidity rider · Published version 2 · NH / NY · No MVA · No liquidity rider · Published version 1 · NH / NY · No MVA · No liquidity rider · Published version 2
Source
CANNEX via AdvisorWorld
Normalized facts observed Nov 13, 2026.
State availability
2 states (restricted footprint) in the current feed. The grid shows availability only; it does not apply the New York representative rates or contract schedule to every jurisdiction. Outlined entries have their own named rate version when the feed identifies one.
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