Advanced Choice
Security Benefit Life
5.15%
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
5.15% guaranteed for 5 years
A multi-year guaranteed annuity from an A- rated carrier offered in three-, five-, and seven-year terms, with an above-average annual free-withdrawal allowance, a standard declining multi-year surrender schedule, and broad nationwide filing.
Best fit
Safety-first buyers who want a known, contractually guaranteed interest rate for a defined number of years (three, five, or seven) from a financially sound carrier, value an above-average annual free-withdrawal allowance for ongoing flexibility, and are comfortable leaving the premium alone for the chosen guarantee period.
AM Best
A- Excellent
Surrender period
7 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
- Multiple guarantee-period lengths are filed (three, five, and seven years), so buyers can match the rate-lock to the horizon they actually want rather than being forced into a single term.
- Free-withdrawal allowance, shown in the keyFacts block on this page, is at the generous end of the MYGA market — many competing MYGAs limit penalty-free annual access well below it. Confirm the exact percentage in the current filing data.
- Surrender schedule is a standard declining ladder over a multi-year term rather than a flat penalty, so the cost of early access drops materially each year — the full year-by-year ladder is published on this page.
- Broadly filed across the country, so most U.S. buyers can purchase the contract on its standard terms — see stateCount in the keyFacts block.
What to confirm
- Free-withdrawal allowance does not turn this contract into a checking account — the allowance applies to contract value and resets annually, but withdrawals can carry tax consequences and may reduce the guaranteed-rate base going forward. Buyers who need ongoing access to principal should size the premium accordingly.
- Surrender charges run for the full multi-year term and do not drop into the low single digits until late in the schedule. Early surrenders inside the first few years are materially penalized — treat this as a deferral product, not a near-term liquidity vehicle.
- Rates can vary by premium band — the headline rate shown here reflects the highest band currently in the rate feed; smaller premiums may receive a lower declared rate on the same term. Confirm the band that applies to your premium before comparing the headline against other carriers.
- 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 who need ongoing access to principal beyond the annual free-withdrawal window, buyers who want exposure to a market index, buyers looking for guaranteed lifetime income, or buyers who want a ten-year rate guarantee — the longest term on this filing is seven years.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.8% |
| 5-Year | 5.15% |
| 7-Year | 5.15% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Contract ValueBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single lifeContract 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, Terminal illness waiver, Surrender waivers
Carrier Ratings
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