Diamond Head MYGA
Pacific Guardian Life Insurance Company
5.2%
5-yr guarantee
10%
Free W/D
50
Jurisdictions
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
5.2% guaranteed for 5 years
A multi-year guaranteed annuity from Pacific Guardian Life Insurance Company that publishes 3-, 5-, 7-, and 10-year terms inside a single filing — with the 5-, 7-, and 10-year terms credited at the same declared rate today — a nine-year declining surrender ladder, an annual free-withdrawal allowance, an RMD waiver, and single or joint annuitization options on both non-qualified and qualified money, available in 50 jurisdictions outside New York.
Best fit
Buyers outside New York who want a single declared rate locked in for a fixed multi-year window, value the option to choose a 3-, 5-, 7-, or 10-year term inside one filing without giving up rate to lengthen the lock-in beyond 5 years, want annual free-withdrawal and RMD-waiver access alongside the surrender schedule, and are comfortable with a single-agency A.M. Best financial-strength view in exchange for the flat-rate-across-terms structure.
AM Best
A Excellent
Surrender period
9 years
Free withdrawal
10%/yr
Availability
50 jurisdictions (excl. New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Flat declared rate across every guarantee period from 5 years out to 10 years — the live feed shows the 5-year, 7-year, and 10-year terms all crediting the same number, so a buyer who wants a longer rate-lock is not asked to give up rate to lengthen the contract. Most MYGAs in the market trade rate for term in one direction or the other; this filing keeps it flat from year five through year ten.
- Unusually long term menu for a single MYGA filing — the live feed publishes 3, 5, 7, and 10 year guarantee periods inside the same product, so a buyer comparing fixed-rate horizons can stay within a single carrier and a single contract design across most of the MYGA shelf rather than shopping a different filing for each term.
- Nine-year declining surrender ladder that steps down by a full percentage point every year from the year-one charge to a low single-digit charge in the final year and zero thereafter, paired with an annual free-withdrawal allowance, so a buyer who needs partial liquidity in the back half of the contract pays a materially smaller charge than they would on a flat schedule and is not locked out of small withdrawals.
- Available in 50 jurisdictions on the live feed (excluding New York) with both single and joint annuitization options and both non-qualified and qualified-fund acceptance, so couples planning a joint-life payout and buyers using IRA money are both inside the product's accepted-funds and payout-options envelope across nearly every state outside NY.
What to confirm
- The 10-year term locks principal for a full decade behind a nine-year declining surrender ladder. The hero-row '10-yr guarantee' label is the longest term available, not the only term — a buyer who does not need a full ten-year deferral should consider the 5-year or 7-year choice inside the same filing, since all three currently credit the same declared rate and the shorter terms release principal sooner.
- Surrender charges in the first three years of the schedule are in the high single digits — a year-one charge near the top of the MYGA market that steps down one percentage point per year and does not drop into the low single digits until late in the schedule, so an unplanned early exit beyond the annual free-withdrawal allowance in years one through three carries a real cost. This is a multi-year commitment, not a short-term cash equivalent.
- The carrier's financial-strength view on this filing is a single agency view (A.M. Best) rather than a multi-agency corroboration from S&P, Moody's, or Fitch alongside it. Buyers who want multi-source financial-strength confirmation before locking principal for a long fixed-rate window should weigh that against the headline rate, especially for the 7-year and 10-year choices.
- This filing is not available to New York residents — the live feed shows 50 jurisdictions excluding New York. The death benefit is the standard contract-value beneficiary value with no roll-up or step-up enhancement, there is no premium bonus, and there is no guaranteed-lifetime-withdrawal rider — this contract is built for rate certainty over a fixed multi-year window, not for legacy enhancement, an upfront bonus, or guaranteed lifetime income.
Not ideal for
New York residents (the filing is unavailable in NY), buyers who require multi-agency financial-strength corroboration before locking principal, buyers who need short-window liquidity, market-linked upside through index crediting, a premium bonus, a guaranteed-lifetime-withdrawal rider, or a death benefit with a guaranteed roll-up or step-up — a fixed-rate deferred contract built around a menu of multi-year guarantee periods is not built for any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 5% |
| 4-Year | 5% |
| 5-Year | 5.2% |
| 6-Year | 5.2% |
| 7-Year | 5.2% |
| 8-Year | 5.2% |
| 9-Year | 5.2% |
| 10-Year | 5.2% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
1RMD 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
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
Yr 8
2%
Yr 9
1%
Yr 10
0%
After
0%
RMD waiver, Surrender waivers
Carrier Ratings
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