Multi-Year Guaranteed Annuity
SmartSelect Two
Guarantee terms
3 · 4 · 5 · 6 · 7 yrs
Free withdrawal
10% published tier; confirm timing and exceptions
Market value adj.
Applies
Minimum premium
$20,000
Availability
All states Source designation; jurisdiction count not published
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
Sep 21, 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.
| 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 | 4.75% | 4.75% | Flat throughout | $114,938+$14,938 interest | -0.45 ptsmedian 5.20% · n=118 |
| 4-yearSchedule not published | 4.90% | 4.90% | Flat throughout | $121,088+$21,088 interest | Not available |
| 5-yearSchedule not publishedHighest | 4.95% | 4.95% | Flat throughout | $127,325+$27,325 interest | -0.25 ptsmedian 5.20% · n=118 |
| 6-yearSchedule not published | 4.65% | 4.65% | Flat throughout | $131,352+$31,352 interest | Not available |
| 7-yearSchedule not published | 4.75% | 4.75% | Flat throughout | $138,382+$38,382 interest | -0.45 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 4.95% 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 | 4.95% | +$4,950 | $104,950 |
| Year 2 | 4.95% | +$5,195 | $110,145 |
| Year 3 | 4.95% | +$5,452 | $115,597 |
| Year 4 | 4.95% | +$5,722 | $121,319 |
| Year 5 | 4.95% | +$6,005 | $127,325 |
| Compound-equivalent annual rate over the full term | 4.950% | ||
How the number is calculated
- Product
- SmartSelect Two
- Schedule
- 4.95% for 5 years
- Crediting
- Compound interest
- Ending value
- $127,325
- Effective rate
- 4.950% per year
Equivalent: a flat MYGA paying 4.95% 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
- Several guarantee periods let buyers choose a rate-lock horizon suited to planned spending.
- Premium-banded rates support comparisons at the intended deposit amount.
- Nursing-home, required-minimum-distribution and terminal-illness waivers supplement the regular withdrawal provision, subject to contract conditions.
What to confirm
- The New York version has a different term menu and surrender schedule from the multi-state version. A rate available in one version is not a quote for the other.
- The multi-state surrender schedule stays level initially before declining; the New York schedule declines each year.
- Early-surrender proceeds can reflect both surrender charges and a market value adjustment.
- SmartSelect is a separate product with its own rates and terms; compare matching deposits, guarantee periods and state versions.
Contract facts
Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.
Premium
$20,000 minimum
$1,000,000 maximum
Issue ages
18–85 (annuitant and owner)
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
Standard Death Benefit
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
Joint life · Single life
Maximum annuitization age: 100 years
Fees and charges
None published
Contract versions
2
Most states · MVA · No liquidity rider · NY · MVA · No liquidity rider
Source
CANNEX via AdvisorWorld
Normalized facts observed Sep 21, 2026.
State availability
Available in all states according to the current feed. The source does not enumerate jurisdiction codes or publish a jurisdiction count. No state grid is inferred from the absent jurisdiction list.
All-states availability is published without an enumerated jurisdiction list. Confirm state-specific contract and rate eligibility on a quote.