Guaranty Rate Lock
Guaranty Income Life
4.8%
5-yr guarantee
5%
Free W/D
47
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
4.8% guaranteed for 5 years
A multi-year guaranteed annuity from Guaranty Income Life Insurance Company with an eight-term menu (3 through 10 years), a 5-year surrender schedule that matches the lead 5-year guarantee period exactly, an annual free-withdrawal allowance, and three contractual surrender waivers.
Best fit
Buyers who want a single, contractually guaranteed fixed-rate window from an established carrier, value the alignment between the 5-year guarantee period and the 5-year surrender schedule at the lead term, and appreciate having a wide guarantee-period menu (3 through 10 years) inside one filing so the rate-lock horizon can be tuned to the buyer's plan.
AM Best
A- Excellent
Surrender period
5 years
Free withdrawal
5%/yr
Availability
47 jurisdictions
Product analyst notes
How to think about this contract
Why it can stand out
- Wide eight-term menu — the live feed publishes guarantee periods of 3, 4, 5, 6, 7, 8, 9, and 10 years on this single filing, so a buyer can choose a horizon as short as 3 years or as long as 10 years inside one contract rather than shopping a different filing for each rate-lock window.
- Five-year surrender schedule that matches the 5-year guarantee period exactly — a buyer who picks the lead 5-year term reaches the end of the surrender ladder in the same year their guaranteed rate ends, so the lock-up window and the rate-lock window line up without leftover surrender exposure on either side.
- Annual free-withdrawal allowance plus a full set of three contractual waivers — nursing-home, terminal-illness, and RMD — published on the live feed rather than gated behind a sales brochure, so a buyer who needs unplanned partial access in a qualifying scenario has a clear contractual path.
- Both single and joint annuitization options are published on the live feed, so a couple can structure a joint-life payout from the same filing without negotiating optional contract endorsements.
What to confirm
- The 5-year guarantee period is the lead term — buyers who pick a longer guarantee period (7-, 8-, 9-, or 10-year) on this filing extend the rate lock past the end of the 5-year surrender schedule. That is contractually fine, but the headline number on this page is the 5-year and a buyer choosing a different term should check the rate for that specific term on the on-page rate table.
- Surrender schedule starts in the high single digits in year one and steps down one point per year over five years — meaningful enough that an unplanned exit beyond the annual free-withdrawal allowance in the first few years carries a real cost. This is a five-year commitment for the lead-term buyer, not a short-term cash equivalent.
- Carrier financial-strength coverage on the live feed is single-source — A.M. Best only — rather than the multi-agency view some larger competitors publish, so the rating read should be weighed for what it is before locking principal for the chosen guarantee period.
- The death benefit is the standard contractual accumulation-value 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 chosen fixed-rate window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
Buyers who need short-window liquidity, market-linked upside through index crediting, a premium bonus, a guaranteed-lifetime-withdrawal rider, a death benefit with roll-up or step-up, or a multi-source financial-strength view from the carrier — a fixed-rate MYGA is a rate-certainty product over a chosen window, not any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.3% |
| 4-Year | 4.5% |
| 5-Year | 4.8% |
| 6-Year | 4.1% |
| 7-Year | 4.8% |
| 8-Year | 4.1% |
| 9-Year | 4.1% |
| 10-Year | 4.1% |
Key Features
Free withdrawal
5%/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
Accumulation Value 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
4%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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