WealthLock MYGA
Aspida
5.05%
5-yr guarantee
10%
Free W/D
49
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed declared rate
5.05% guaranteed for 5 years
A straightforward multi-year guaranteed annuity from an A- rated carrier, offered in 2-, 3-, 5-, and 7-year guarantee periods with premium-banded rates, a 7-year surrender ladder, an MVA, standard hardship waivers, and a 10% annual free-withdrawal allowance — broadly filed in 49 jurisdictions (all states and DC except New York and North Carolina).
Best fit
Safety-first buyers who want a known, contractually guaranteed interest rate for a defined number of years from a financially sound carrier, are comfortable leaving the premium alone for the chosen guarantee period, and do not need market upside or a lifetime-income mechanism. The premium-banded design makes it particularly relevant for buyers placing $100,000 or more, where the carrier's headline rate tier applies.
AM Best
A- Excellent
Surrender period
7 years
Free withdrawal
10%/yr
Availability
49 jurisdictions (excl. New York, North Carolina)
Product analyst notes
How to think about this contract
Why it can stand out
- Multiple guarantee-period lengths are offered (2-, 3-, 5-, and 7-year terms), so buyers can match the rate-lock to the horizon they actually want rather than being forced into a single term.
- Broadly filed across the country (every state except New York and North Carolina), so most buyers in most states can purchase the product on its standard terms.
- Premium bands reward higher deposits: the same term carries a higher declared rate once the contract value crosses the $100,000 threshold, which is the band the carrier publishes as its headline tier.
- A standard nursing-home waiver, terminal-illness waiver, and RMD waiver are built in, giving the contract baseline liquidity escape valves for defined hardships without paying for an optional rider.
What to confirm
- A market value adjustment (MVA) applies during the surrender period. If interest rates rise after issue, an early surrender can return less than the account value — the MVA is in addition to, not in place of, the surrender charge.
- Free-withdrawal allowance is limited to roughly 10% of contract value per year. This is a deferral product, not a checking account — buyers who need ongoing access to principal should size the premium accordingly.
- The surrender ladder starts at its highest charge in year one and grades down annually for the full seven years; buyers needing material liquidity beyond the free-withdrawal allowance early in the contract will pay the full scheduled charge plus the MVA on the excess.
- This is a fixed declared-rate contract: no upside participation in any market index, no built-in lifetime-income mechanism, and no income rider available. Buyers looking for either growth participation or guaranteed lifetime income should be comparing FIAs, not this product. New York and North Carolina residents cannot buy this filing.
Not ideal for
Buyers who need ongoing access to principal beyond the annual free-withdrawal allowance, want exposure to a market index, are looking for guaranteed lifetime income, or live in New York or North Carolina (the filing is not available in either state). Buyers looking for a premium bonus or step-rate structure should also look elsewhere — this is a flat declared-rate contract by design.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 2-Year | 3.75% |
| 3-Year | 4.35% |
| 5-Year | 5.05% |
| 7-Year | 5.3% |
Key Features
Free withdrawal
10%/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
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%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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