Multi-Year Guaranteed Annuity
SmartStep
Guarantee terms
6 yrs
Free withdrawal
5% and 10% published; applicability not specified published tier; confirm timing and exceptions
Market value adj.
Does not apply
Minimum premium
$20,000
Availability
45 jurisdictions (44 states + DC; feed also lists GU, PR, VI)
Surrender schedule
6-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 1, 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 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 | Published annual rateContract rate | Rate structureFull guarantee | $100,000 grows toAt term end | vs. marketSame-day term median |
|---|---|---|---|---|---|
| 6-yearSchedule not publishedHighest | 5.20% | 4.20% | Flat throughout | $135,531+$35,531 interest | -0.00 ptsmedian 5.20% · n=31 |
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 5.20% grows over 6 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 | 5.20% | +$5,198 | $105,198 |
| Year 2 | 5.20% | +$5,468 | $110,666 |
| Year 3 | 5.20% | +$5,752 | $116,418 |
| Year 4 | 5.20% | +$6,051 | $122,469 |
| Year 5 | 5.20% | +$6,366 | $128,835 |
| Year 6 | 5.20% | +$6,697 | $135,531 |
| Compound-equivalent annual rate over the full term | 5.198% | ||
How the number is calculated
- Product
- SmartStep
- Schedule
- 5.20% for 6 years
- Crediting
- Compound interest
- Ending value
- $135,531
- Effective rate
- 5.198% per year
Equivalent: a flat MYGA paying 5.20% 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.
The published contract data says a market value adjustment does not apply.
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 guaranteed-rate period and surrender-charge period align, making the commitment easier to compare.
- Premium bands let buyers compare the rate available for their planned deposit.
- Nursing-home and terminal-illness waivers can provide access when the contract conditions are met.
What to confirm
- The annual withdrawal allowance and return-of-premium provision require version-specific confirmation; do not assume every published option applies together.
- The surrender schedule stays level initially before declining, so the cost of early access does not decrease every year.
- The published rate sets share a description. Confirm which issued version is available before selecting a rate.
Contract facts
Everything the normalized public CANNEX contract reports. Gaps are labeled, not guessed.
Premium
$20,000 minimum
$1,000,000 maximum
Issue ages
18–89 (annuitant and owner)
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
Not published
Minimum-withdrawal rule applies.
Bailout provision
Not published
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
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
45 jurisdictions (restricted footprint) in the current feed. The grid shows 45 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.