Multi-Year Guaranteed Annuity
Performance SPDA
Guarantee terms
3 · 5 · 7 yrs
Free withdrawal
10% source schedule summary; contract tier timing not published
Market value adj.
Applies
Minimum premium
$25,000
Availability
46 jurisdictions (45 states + DC)
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
Rates effective
Feb 28, 2026
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.
Published contract versions. The source publishes two current product instances without consumer-facing version names. The numbered labels keep those rate sets separate; confirm the exact issued contract 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 | 3.60% | 3.60% | Flat throughout | $111,193+$11,193 interest | -1.60 ptsmedian 5.20% · n=118 |
| 5-yearSchedule not publishedHighest | 4.80% | 4.80% | Flat throughout | $126,417+$26,417 interest | -0.40 ptsmedian 5.20% · n=118 |
| 7-yearSchedule not publishedHighest | 4.80% | 4.80% | Flat throughout | $138,845+$38,845 interest | -0.40 ptsmedian 5.20% · n=118 |
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 4.80% grows over 5 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 | 4.80% | +$4,800 | $104,800 |
| Year 2 | 4.80% | +$5,030 | $109,830 |
| Year 3 | 4.80% | +$5,272 | $115,102 |
| Year 4 | 4.80% | +$5,525 | $120,627 |
| Year 5 | 4.80% | +$5,790 | $126,417 |
| Compound-equivalent annual rate over the full term | 4.800% | ||
How the number is calculated
- Product
- Performance SPDA
- Schedule
- 4.80% for 5 years
- Crediting
- Compound interest
- Ending value
- $126,417
- Effective rate
- 4.800% per year
Equivalent: a flat MYGA paying 4.80% 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
A term-matched surrender schedule is not published for this rate row. Confirm the applicable contract schedule before purchase.
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
- The contract publishes short, middle, and longer fixed-rate choices across two distinct source instances and two premium bands.
- Nursing-home, terminal-illness, and required-minimum-distribution waivers provide defined exceptions to the surrender schedule, subject to eligibility.
- Qualified and non-qualified funds are accepted, with single-life and joint-life annuitization choices published in the contract facts.
What to confirm
- More than one live source instance appears at the same term, so the quote must stay tied to the selected rate set and premium band rather than a copied maximum.
- A market-value adjustment applies to early surrender, and there is no return-of-premium option.
- The source schedule summary publishes an annual withdrawal allowance, but the normalized contract tier does not publish matching timing; buyers should confirm the issued-contract provision.
Contract facts
Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.
Premium
$25,000 minimum
$1,000,000 maximum
Issue ages
0–89 or 0–100 (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: Joint · Single
Death benefit
Death Benefit - CV
Surrender charges and a market value adjustment may apply under contract terms.
Premium bonus
None published
A first-year interest rate is not a premium bonus.
Systematic withdrawals
Available
Minimum-withdrawal rule applies.
Bailout provision
Not available
Return of premium
Does not apply
Early surrender can return less than premium.
Free-look period
Available; length not published
Length can vary by state; confirm on delivery.
Annuitization
Certain period · Joint life · Single life
Maximum annuitization age: 110 years
Fees and charges
None published
Contract versions
2
Published rate set 1 · Published rate set 2
Source
CANNEX via AdvisorWorld
Normalized facts observed Sep 11, 2026.
State availability
46 jurisdictions (restricted footprint) in the current feed. The grid shows availability only; it does not apply one rate version to every jurisdiction. Outlined entries have their own named rate version when the feed identifies one.