Optimum Selection Annuity
Corebridge Financial
4.9%
5-yr guarantee
15%
Free W/D
13
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
Lead-term guaranteed rate
4.9% guaranteed for 5 years
A state-restricted multi-year guaranteed annuity from American General Life Insurance Company (Corebridge Financial) at an A.M. Best A rating, offering flat declared rates at 5 and 7-year terms with a 5-year declining surrender ladder, an annual free-withdrawal allowance on the high end for the category, and nursing-home, terminal-illness, and RMD waivers.
Best fit
Buyers in the 12 states plus DC where this filing is available who want a flat, contractually guaranteed rate locked in for a 5-year term (or stretched to 7 years) from a three-agency-rated carrier in the Corebridge group, value a generous published free-withdrawal allowance, and want a fully visible 5-year surrender schedule that ends in the same year as the lead-term guarantee period.
AM Best
A Excellent
Surrender period
5 years
Free withdrawal
15%/yr
Availability
13 jurisdictions
Product analyst notes
How to think about this contract
Why it can stand out
- Annual free-withdrawal allowance is set on the high end for a MYGA on this site — paired with nursing-home, terminal-illness, and RMD waivers, so penalty-free liquidity rules are unusually generous for a multi-year guaranteed contract and are visible on this page rather than gated behind a sales brochure.
- Surrender schedule is a 5-year declining ladder that ends in the same year the 5-year guarantee period ends, so the lock-up window matches the contract's lead-term fixed-rate promise rather than extending beyond it.
- Two guarantee-period choices (5 and 7 years) are filed under the same product, so a buyer can match the term length to a defined planning horizon and the rate-by-term table on this page shows the term-versus-yield trade-off directly. The 7-year term extends the fixed-rate horizon while keeping the same 5-year surrender ladder shown on this page.
- Backed by American General Life Insurance Company (Corebridge Financial) with carrier financial-strength views corroborated across three agencies — A.M. Best A, Standard & Poor's A+, and Moody's A2 — rather than a single-agency view.
What to confirm
- This filing is state-restricted — the live feed lists 12 states plus the District of Columbia, and the contract is not available in the remaining U.S. jurisdictions. Buyers outside the listed states cannot purchase this product and need a different MYGA from this carrier or another carrier. Confirm state of issue before relying on this contract in a plan.
- Posted guaranteed rates on this page assume a specific premium and issue-age scenario; the underlying rate schedule shows multiple rate tiers per term, so deposits in lower or higher bands may earn a different guaranteed rate. Verify the rate for the actual deposit size with the carrier before signing.
- Surrender charges run a full 5 years with a meaningful first-year charge — 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.
- 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 outside the 12 listed states plus DC (this filing is not available to you — a different American General MYGA or another carrier is needed), buyers who need a 10-year fixed-rate horizon, who want a stepped-up or rollup-enhanced death benefit, who expect a guaranteed-lifetime-withdrawal rider, or who want market-linked upside through index crediting — a multi-year guaranteed annuity is not designed to deliver any of those.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 5-Year | 4.9% |
| 7-Year | 4.9% |
Key Features
Free withdrawal
15%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD 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
8%
Yr 2
8%
Yr 3
7%
Yr 4
5%
Yr 5
3%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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