WealthLock MYGA Plus
Aspida
5.15%
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
5.15% 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 a 10% annual free-withdrawal allowance, three standard surrender waivers, and a market value adjustment — broadly filed in 49 jurisdictions (all states and DC except New York and North Carolina).
Best fit
Safety-first buyers with at least $100,000 to commit who want a known, contractually guaranteed interest rate for a defined number of years from a financially sound A- rated carrier, are comfortable leaving most of the premium alone for the chosen guarantee period, and value a larger-than-typical annual free-withdrawal allowance for routine liquidity.
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 years), letting buyers match the rate-lock to the horizon they actually want rather than being forced into a single term.
- A generous 10% annual free-withdrawal allowance is built in, well above the 5%-or-RMD-only standard on many competing MYGAs — meaningful penalty-free liquidity each year while the rate is in force.
- Three surrender-charge waivers are included at no extra cost (nursing home, terminal illness, and RMD), giving the contract three defined hardship escape valves without paying for an optional rider.
- The contract is broadly filed across 49 jurisdictions (all states and DC except New York and North Carolina), so most buyers in most states can purchase the product on its standard terms.
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.
- The headline rate requires a $100,000+ premium. Buyers funding the contract below that band receive a lower declared rate on the same product — confirm which premium tier your deposit falls into before treating any quoted headline as your rate.
- 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 market-linked growth or guaranteed lifetime income should be comparing FIAs, not this product.
- New York and North Carolina residents cannot buy this filing, and the death benefit is the contract's cash value with no enhanced rollup or step-up — buyers prioritizing a wealth-transfer feature should not treat this product as a death-benefit vehicle.
Not ideal for
Buyers funding below the $100,000 premium band (who will receive a lower declared rate on the same contract and should compare against the sibling WealthLock MYGA filing on like-for-like terms), buyers who want exposure to a market index, buyers seeking guaranteed lifetime income, and New York or North Carolina residents — this filing is not available in either state.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 2-Year | 4.05% |
| 3-Year | 4.4% |
| 5-Year | 5.15% |
| 7-Year | 5.25% |
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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