American Pathway Fixed 5 Annuity
Corebridge Financial
4.8%
5-yr guarantee
15%
Free W/D
52
Jurisdictions
Live product data
Rates as of May 28, 2026, based on the latest AdvisorWorld scan of CANNEX data.
Lead-term guaranteed rate
4.8% guaranteed for 5 years
The 5-year filing in Corebridge's American Pathway MYGA family from American General Life Insurance Company — flat declared rates at 3 and 5-year terms with a 5-year surrender ladder, an annual free-withdrawal allowance, and nursing-home, terminal-illness, and surrender waivers.
Best fit
Buyers who want a flat, contractually guaranteed rate locked in for a 5-year term from an established carrier with multi-agency financial-strength coverage, a known annual free-withdrawal allowance, a fully visible 5-year surrender schedule, and the option of single or joint annuitization.
AM Best
A Excellent
Surrender period
5 years
Free withdrawal
15%/yr
Availability
52 jurisdictions (excl. Idaho, New York)
Product analyst notes
How to think about this contract
Why it can stand out
- The name says what it is — 'Fixed 5' is the 5-year guarantee filing in Corebridge's American Pathway MYGA family, distinct from the sibling 'Fixed 7' filing built around a 7-year horizon. A buyer picking this contract is picking the 5-year lock-in by design, not by default.
- Surrender schedule is a 5-year declining ladder that ends in the same year the longest guarantee period ends, so the lock-up window matches the contract's longest fixed-rate promise rather than extending beyond it.
- Backed by American General Life Insurance Company (Corebridge Financial) with carrier financial-strength views corroborated across three agencies — A.M. Best, Standard & Poor's, and Moody's — rather than a single source.
- Annual free-withdrawal allowance is unusually generous for a MYGA, paired with nursing-home, terminal-illness, and surrender waivers, plus support for both single-life and joint annuitization — penalty-free liquidity rules and conversion options are visible on this page, not gated behind a brochure.
What to confirm
- Term menu tops out at 5 years — buyers looking for a 7- or 10-year fixed-rate lock-in cannot get that horizon from this filing. The sibling American Pathway Fixed 7 filing covers the 7-year horizon; this one does not. Confirm the contract being illustrated matches the desired lock-in window.
- Surrender charges run a full 5 years with a meaningful first-year charge, so an unplanned early exit beyond the annual free-withdrawal allowance carries a real cost — this is a multi-year commitment, not a short-term cash equivalent.
- Posted rates on this page assume a specific premium-band and issue-age scenario; deposits in lower or higher bands may earn a different guaranteed rate, so the headline does not apply universally — verify the rate for the actual deposit size before signing.
- The death benefit is the standard contractual beneficiary value with no roll-up or step-up enhancement, and there is no guaranteed-lifetime-withdrawal rider on this filing — this contract is built for rate certainty over the chosen term, not for legacy enhancement or guaranteed lifetime income.
Not ideal for
Buyers who need a 7- or 10-year fixed-rate horizon (the sibling Fixed 7 covers 7 years; for longer commitments a different filing is needed), short-window liquidity, market-linked upside through index crediting, a guaranteed-lifetime-withdrawal rider, or a death benefit with roll-up or step-up — a 5-year MYGA is a fixed-rate deferred contract built around a 5-year window, not any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 1-Year | 6.4228% |
| 3-Year | 5.3% |
| 5-Year | 4.8% |
Key Features
Free withdrawal
15%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Premium bonus
100%Bonus terms can vary by state, premium band, and rider election.
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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