IQumulate Single Premium Deferred Annuity
Baltimore Life Insurance Company
5.8%
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 rate
5.8% guaranteed for 5 years
A multi-year guaranteed annuity from The Baltimore Life Insurance Company that publishes 3-, 5-, and 7-year terms (with the 7-year currently matching the 5-year headline rate), a 7-year declining surrender ladder, an annual free-withdrawal allowance, nursing-home and terminal-illness waivers, and an Enhanced Death Benefit Rider — available in 49 jurisdictions, excluding California and New York.
Best fit
Buyers inside this filing's 49-jurisdiction footprint who want a single declared rate locked in for a 3-, 5-, or 7-year window, value matching the rate-lock term to their actual horizon without leaving the IQumulate chassis, want annual free-withdrawal and surrender-waiver access alongside the schedule, and are comfortable with a B-grade A.M. Best carrier rating in exchange for the published headline rate.
AM Best
B++ Good
Surrender period
7 years
Free withdrawal
10%/yr
Availability
49 jurisdictions (excl. California, New York)
Product analyst notes
How to think about this contract
Why it can stand out
- Three guarantee-period choices — 3, 5, and 7 years — on a single filing, so a buyer can match the rate-lock window to their actual horizon without leaving the carrier or stepping outside the IQumulate chassis. The 7-year headline rate currently matches the 5-year headline rate on the live feed, meaning a buyer who wants longer rate certainty is not asked to give up rate to extend the lock-in.
- Surrender ladder steps down each year for the first five years before flattening — the live schedule on this page shows the charge dropping from the year-one level to a low single-digit charge by year five, so the back half of the 7-year contract carries a materially smaller charge than a flat-schedule MYGA at the same term length.
- Annual free-withdrawal allowance is at the generous end of the MYGA market, paired with both nursing-home and terminal-illness surrender waivers — the published allowance, the surrender waivers, single and joint annuitization options, and acceptance of both non-qualified and qualified funds are all visible on this page from the live feed rather than gated behind a sales brochure.
- Contract includes an Enhanced Death Benefit Rider on top of the standard beneficiary value — uncommon for a flat declared-rate MYGA at this carrier tier, where the death benefit is more typically the bare contract value with no rider enhancement. Confirm the rider's specific terms before relying on it as a legacy lever.
What to confirm
- Carrier financial-strength on this filing is in the B-grade A.M. Best tier ('B++ / Good'), not the A-grade tier most large MYGA issuers carry, and this page shows only a single agency view rather than a multi-agency corroboration. Buyers prioritizing the strongest carrier-credit profile available in the MYGA market should weigh that against the headline rate, particularly for the longer 7-year lock-in choice.
- Surrender charges in the first three years of the schedule are in the high single digits — the year-one charge is at the top end of the MYGA market 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 live feed publishes multiple rate rows for the same guarantee period on this filing — three rows each at 3, 5, and 7 years — and the headline reflects the top row, not the only row. The feed does not expose the underlying differentiator (premium size, issue age, fund type, or other classification), so a buyer should confirm with the carrier which row applies to the actual deposit size, age, and qualification before relying on the headline.
- This filing is not available in California or New York — the live state-availability feed shows 49 jurisdictions, with both CA and NY excluded — so a California or New York resident cannot purchase this contract regardless of how the headline rate compares. There is no premium bonus and no guaranteed-lifetime-withdrawal rider on this filing; the only contract-level enhancements are surrender waivers and the Enhanced Death Benefit Rider, so a buyer wanting an upfront bonus or contractually guaranteed lifetime-income payouts is looking at a different product category entirely.
Not ideal for
California or New York residents (this filing is not offered in CA or NY), buyers who require an A-grade A.M. Best carrier rating or multi-agency financial-strength corroboration before locking principal, buyers who need a fixed-rate horizon shorter than 3 years or longer than 7 years, or buyers who want a premium bonus, a guaranteed-lifetime-withdrawal rider, market-linked upside through index crediting, or a fully guaranteed roll-up or step-up death benefit — a flat declared-rate MYGA from a B-rated regional carrier is not built for any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 5.35% |
| 5-Year | 5.8% |
| 7-Year | 5.8% |
Key Features
Surrender waivers
2Nursing home waiver, Terminal illness waiver
Death benefit
Enhanced Death Benefit RiderBeneficiary 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
5%
Yr 7
5%
After
0%
Nursing home waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
Free Comparison Report
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