Multi-Year Guaranteed Annuity · Step-rate schedule
MultiRate
Guarantee terms
1 · 2 · 3 · 4 · 5 · 7 yrs
Free withdrawal
10% published tier; confirm timing and exceptions
Market value adj.
Does not apply
Minimum premium
$2,000
Availability
46 jurisdictions (45 states + DC; feed also lists GU, PR, VI)
Surrender schedule
7-year published CDSC · 7% → 3%
Interest crediting
Compound — CANNEX yield row, no simple-interest flag
Rates effective
Sep 1, 2026
Guaranteed rates by term
Effective annual rate is the apples-to-apples number. First-year and renewal figures stay beside it so the schedule is never hidden.
Published contract versions. The published rate sets share the same contract description. Numbered labels keep them separate without assigning an unconfirmed difference in benefits. Confirm the issued version and its withdrawal and return-of-premium provisions on a quote.
| TermSurrender schedule | Effective annual rateFull-term comparison | First yearPublished schedule | RenewalYears 2+ | $100,000 grows toAt term end | vs. marketSame-day term median |
|---|---|---|---|---|---|
| 1-year7-yr surrender schedule | 4.35% | 4.35% | Flat throughout | $104,350+$4,350 interest | -1.15 ptsmedian 5.50% · n=23 |
| 2-year7-yr surrender scheduleHighest | 5.25% | 6.25% | 4.25% | $110,766+$10,766 interest | +0.75 ptsmedian 4.50% · n=20 |
| 3-year7-yr surrender schedule | 4.86% | 6.20% | 4.20% | $115,308+$15,308 interest | -0.29 ptsmedian 5.15% · n=108 |
| 4-year7-yr surrender schedule | 4.65% | 6.15% | 4.15% | $119,922+$19,922 interest | -0.35 ptsmedian 5.00% · n=33 |
| 5-year7-yr surrender schedule | 4.55% | 6.15% | 4.15% | $124,898+$24,898 interest | -0.85 ptsmedian 5.40% · n=127 |
| 7-year7-yr surrender schedule | 4.33% | 6.05% | 4.05% | $134,575+$34,575 interest | -1.02 ptsmedian 5.35% · n=115 |
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.
Why 6.15% advertised becomes 4.55% earned
The first-year rate changes after year one. 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 1first-year rate | 6.15% | +$6,150 | $106,150 |
| Year 2 | 4.15% | +$4,405 | $110,555 |
| Year 3 | 4.15% | +$4,588 | $115,143 |
| Year 4 | 4.15% | +$4,778 | $119,922 |
| Year 5 | 4.15% | +$4,977 | $124,898 |
| Compound-equivalent annual rate over the full term | 4.547% | ||
How the number is calculated
- Product
- MultiRate
- Schedule
- 6.15% year 1, 4.15% years 2–5
- Crediting
- Compound interest
- Ending value
- $124,898
- Effective rate
- 4.547% per year
Equivalent: a flat MYGA paying 4.55% 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 charge · 7-year version
Charged on withdrawals above the free amount. A market value adjustment can also raise or lower proceeds during the surrender period 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
- A choice of guarantee periods can help match the rate commitment to a planned spending date.
- The multi-year options credit a higher first-year rate followed by a lower renewal rate; the full-term comparison shows both parts.
- Nursing-home and terminal-illness waivers provide additional access when the contract conditions are met.
What to confirm
- The rate guarantee can end before the surrender-charge period. A shorter rate term does not necessarily make the money available without a charge.
- Contract versions have separate rate sets even when their descriptions match. Confirm the applicable version before comparing a quote.
- A first-year rate is not the annual return for the entire guarantee period. Review the renewal rate and withdrawal conditions together.
Contract facts
Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.
Premium
$2,000 minimum
$1,000,000 maximum · Qualified: $2,000–$1,000,000 · Non-qualified: $5,000–$1,000,000
Issue ages
18–85 or 18–89 (annuitant and owner; applicability by range not published)
Joint contracts available.
Fund types
Non-qualified · Qualified
Continuation code ?; confirm meaning in the contract.
Ownership
Joint · Single
Annuitant: Joint · Single
Death benefit
Standard Death Benefit
Surrender charges 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 published
Return of premium
Applies
Early surrender can return less than premium.
Free-look period
?
Length can vary by state; confirm on delivery.
Annuitization
Joint life · Single life
Maximum annuitization age: 100 years
Fees and charges
None published
Contract versions
2
Most states · No MVA · No liquidity rider · Published version 1 · Most states · No MVA · No liquidity rider · Published version 2
Source
CANNEX via AdvisorWorld
Normalized facts observed Sep 9, 2026.
State availability
46 jurisdictions (restricted footprint) in the current feed. The grid shows 46 U.S. jurisdictions; the feed also lists GU, PR, VI. 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.