First Choice 5
Corebridge Financial
4.9%
5-yr guarantee
15%
Free W/D
52
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
4.9% guaranteed for 5 years
A single-term 5-year multi-year guaranteed annuity from American General Life Insurance Company (Corebridge Financial) — one flat declared rate locked for 5 years, a 5-year declining surrender ladder that matches the guarantee period, an annual free-withdrawal allowance, and nursing-home and terminal-illness waivers.
Best fit
Buyers who want a single, contractually guaranteed rate locked in for a 5-year term from an established carrier with multi-agency financial-strength coverage, prefer a single-term filing without a menu of guarantee periods to navigate, and value a surrender ladder whose end-date matches the guarantee period's end-date exactly.
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
- Single-term filing with the term in the product name — 'First Choice 5' publishes only a 5-year guarantee period, and the 5-year surrender schedule on this page matches that period exactly, so the contract's lock-up window ends in the same year the guaranteed rate ends. There is no menu to navigate and no mismatch between the rate-lock window and the surrender window.
- The surrender ladder steps down faster than a typical MYGA — the live schedule on this page shows the charge dropping from the year-one level to a low single-digit charge by year four and into year five, so a buyer who needs an unplanned partial exit in the back half of the contract pays a materially smaller charge than they would on a flat or slowly-declining schedule.
- Annual free-withdrawal allowance is unusually generous for a MYGA, paired with nursing-home and terminal-illness waivers — the published allowance, the surrender waivers, and the standard annuitization options for both single and joint life are all visible on this page from the live feed, rather than gated behind a sales brochure.
- 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 rating read before locking principal for the 5-year guarantee period.
What to confirm
- There is exactly one guarantee period on this filing — 5 years — so a buyer who wants a 3-year, 7-year, or 10-year fixed-rate lock-in cannot get that horizon from this contract. The sibling American Pathway Fixed 5 filing from the same carrier covers a similar 5-year window with a 3-year option as well; this filing is the 5-year-only choice and confirming the desired lock-in window matters before signing.
- Surrender charges in the first three years of the schedule are in the high single digits — a meaningful first-year charge that does not step down sharply until year four, so an unplanned early exit beyond the annual free-withdrawal allowance in years one through three carries a real cost. This is a 5-year commitment, not a short-term cash equivalent.
- Posted rates on this page reflect a specific premium-band and issue-age scenario from the live feed; deposits in lower or higher bands, or for materially different issue ages, may earn a different guaranteed rate, so the headline does not apply universally. Confirm the rate for the actual deposit size and age before relying on the headline.
- The death benefit is the standard contractual beneficiary value with no roll-up or step-up enhancement, there is no premium bonus, and there is no guaranteed-lifetime-withdrawal rider on this filing — this contract is built for rate certainty over a single fixed 5-year window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
Buyers who need a 3-year, 7-year, or 10-year fixed-rate horizon (a different filing is required), short-window liquidity, market-linked upside through index crediting, a premium bonus, a guaranteed-lifetime-withdrawal rider, or a death benefit with roll-up or step-up — a single-term 5-year MYGA is a fixed-rate deferred contract built around one 5-year window, not any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 5-Year | 4.9% |
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
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
7%
Yr 2
7%
Yr 3
6%
Yr 4
4%
Yr 5
2%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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