Milestone MYGA
Sagicor Life Insurance Company
5.4%
7-yr guarantee
10%
Free W/D
California
Only state
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
7-year guaranteed rate
5.4% guaranteed for 7 years
Sagicor Life's California-only multi-year guaranteed annuity filing from an A- rated carrier, offered in 3-through-7-year guarantee periods with a heavier 7-year surrender ladder but NO market value adjustment, a standard annual free-withdrawal allowance, and a high-band premium tier — the in-state counterpart to the 44-state Milestone Max MYGA.
Best fit
California safety-first buyers who want a known, contractually guaranteed interest rate for a defined number of years from a financially sound A- rated carrier, want flexibility on term length (3 through 7 years), value an MYGA without an MVA for downside protection on early surrender, and can size the premium to clear the contract's high-band threshold.
AM Best
A- Excellent
Surrender period
7 years
Free withdrawal
10%/yr
Availability
California only
Product analyst notes
How to think about this contract
Why it can stand out
- California-specific MYGA filing — the only Sagicor multi-year guaranteed annuity available to California residents, since the broader Milestone Max MYGA (A002BP) is filed in 44 jurisdictions that explicitly exclude California.
- No market value adjustment (MVA) on this filing — unusual for a 7-year MYGA, and meaningful: if interest rates rise after issue, an early surrender still pays the account value minus the surrender charge alone, with no rate-driven haircut on top. The California filing is structurally more buyer-friendly on early-surrender mechanics than the Max sibling.
- Full 3-through-7-year term menu (3, 4, 5, 6, and 7-year guarantee periods all priced on the live feed) — buyers can size the rate-lock to the horizon they actually want rather than being forced into a single term.
- Standard annual free-withdrawal allowance for the entire 7-year surrender period from an A- rated carrier — gives the contract baseline liquidity without paying for an optional rider.
What to confirm
- California ONLY — this is a single-state filing. Buyers outside California should be looking at the sibling Milestone Max MYGA (A002BP), which carries this product's broader 44-state footprint with a different surrender schedule and an MVA.
- The published headline rate on this filing reflects the high premium band. Buyers placing under that threshold receive a lower band rate; check the live premium-band breakpoints and size the premium to clear the band before sizing the contract.
- Surrender ladder is heavy across the full 7-year window — the first-year charge is steep and declines slowly across years — so an early surrender inside that window costs meaningfully more than the surrender-charge ladder on the sibling Max filing. The no-MVA advantage matters precisely because the schedule itself is heavier; check the live surrender-charge ladder before sizing the contract.
- 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.
Not ideal for
Buyers outside California (use the sibling Milestone Max MYGA filing, A002BP, instead), buyers whose premium will not clear the high-band threshold (the headline rate sits at the high band), buyers who need ongoing access to principal during the surrender window (the first-year surrender charge is steep — check the live ladder), buyers who want exposure to a market index, or buyers looking for guaranteed lifetime income.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.9% |
| 4-Year | 4.9% |
| 5-Year | 5.35% |
| 6-Year | 5.4% |
| 7-Year | 5.4% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
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
8.4%
Yr 2
8.35%
Yr 3
7.35%
Yr 4
6.3%
Yr 5
5.3%
Yr 6
4.25%
Yr 7
3.2%
After
0%
Carrier Ratings
Free Comparison Report
Get a personalized Milestone MYGA illustration
See year-by-year projections for your specific age, premium, and income goals.