MultiRate
Western-Southern Life Assurance Company
4.247%
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 declared rate
4.25% guaranteed for 5 years
A multi-year guaranteed annuity from Western-Southern Life Assurance Company that publishes 1-, 2-, 3-, 4-, 5-, and 7-year terms, a seven-year front-loaded surrender ladder with annual free-withdrawal access, and contractual nursing-home and terminal-illness waivers — broadly filed but excluded from five US states.
Best fit
Safety-first buyers inside this filing's state footprint who want a single declared rate locked in for a fixed multi-year window from a top-tier-rated carrier with multi-agency financial-strength corroboration, are comfortable with a flat surrender charge through the first three contract years, and do not need market upside or a lifetime-income mechanism.
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Availability
49 jurisdictions
Product analyst notes
How to think about this contract
Why it can stand out
- Issued by a Western & Southern Financial Group carrier that publishes a multi-agency financial-strength view — A.M. Best, S&P, and Moody's all rate the company in the top tier of life-insurance issuers — so a buyer locking principal for a multi-year window is doing so with one of the more thoroughly graded carriers in the MYGA market.
- Multiple guarantee-period lengths are published on this filing — 1-, 2-, 3-, 4-, 5-, and 7-year terms — so a buyer can match the rate-lock to the horizon they actually want rather than being forced into a single fixed term.
- Annual free-withdrawal allowance is published alongside the surrender schedule on this filing, giving a buyer access to a portion of contract value each year without triggering a surrender charge — see the keyFacts panel for the published percentage from the live feed.
- Contractual nursing-home and terminal-illness waivers are built in, giving the contract baseline hardship-liquidity escape valves without paying for an optional rider.
What to confirm
- The surrender ladder on this filing is front-loaded — the first three contract years all carry the same top surrender charge before stepping down — so an unplanned early exit beyond the annual free-withdrawal allowance in years one through three carries a flat, full-rate cost rather than the year-by-year step-down most MYGAs publish. This is a multi-year commitment, not a short-term cash equivalent.
- This filing is broadly filed but does not cover the full country — five US states (Alaska, Maine, New Hampshire, New York, Rhode Island) are not on the available list. Buyers in those states cannot purchase MultiRate on this filing and should confirm state availability before treating this contract as an option.
- Unlike the carrier's SmartSelect MYGAs, this filing does not publish an RMD waiver alongside the surrender schedule — the standard nursing-home and terminal-illness waivers are present, but qualified-money buyers taking required minimum distributions above the annual free-withdrawal allowance should confirm how RMD withdrawals are treated against the surrender charge before purchase.
- 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 on this filing. Buyers looking for either market-linked growth participation or guaranteed lifetime income should be comparing FIAs or income-rider products, not this one.
Not ideal for
Buyers in the five US states this filing is not available in, buyers who need a year-by-year step-down on the surrender schedule from contract year one rather than a flat top charge through year three, qualified-money buyers who require an explicit RMD waiver alongside the annual free-withdrawal allowance, or buyers who want market-linked upside, guaranteed lifetime income, or a death benefit with a guaranteed roll-up — a front-loaded fixed-rate MYGA is not built for any of those things.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 1-Year | 6.05% |
| 2-Year | 4.9452% |
| 3-Year | 4.5624% |
| 4-Year | 3.8% |
| 5-Year | 4.247% |
| 7-Year | 4.0334% |
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
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
7%
Yr 2
7%
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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