SmartSelect Two
Western-Southern Life Assurance Company
4.6%
5-yr guarantee
10%
Free W/D
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed declared rate
4.6% guaranteed for 5 years
Western-Southern Life Assurance Company's revised successor MYGA on the SmartSelect chassis — same broad availability, same year-by-year declining surrender ladder, same three-waiver package (nursing home, RMD, terminal illness), and currently the higher published 5-year declared rate of the SmartSelect pair.
Best fit
Safety-first buyers placing a new MYGA contract today 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, value a clean year-by-year declining surrender schedule and an explicit RMD waiver alongside the annual free-withdrawal allowance, and want the carrier's current SmartSelect-chassis filing rather than the original SmartSelect.
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
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.
- Revised successor filing on the carrier's SmartSelect chassis: the live feed currently publishes a higher declared 5-year rate on this filing than on the original SmartSelect, so a new buyer who would have bought SmartSelect under the prior filing gets the same product structure on the current rate sheet.
- Multiple guarantee-period lengths are published on this filing — 3-, 4-, 5-, 6-, and 7-year terms — so a buyer can match the rate-lock to the horizon they actually want without being forced into a single fixed term.
- Clean year-by-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, with annual free-withdrawal access alongside the schedule and three contractual waivers (nursing home, RMD, terminal illness) — required-minimum-distribution withdrawals for qualified buyers do not trigger a surrender charge on top of the free-withdrawal allowance.
What to confirm
- Free-withdrawal allowance is published alongside the surrender schedule but is still a small percentage of the contract value each year. This is a deferral product, not a checking account — buyers who need ongoing access to most of the principal should size the premium accordingly.
- Premium bands are not published on the live feed for this filing, so the declared rates shown here should be treated as a single rate sheet that does not vary by premium amount; there is no band-based rate uplift to confirm.
- This is the carrier's revised successor filing on the SmartSelect chassis — the original SmartSelect filing remains on the market with its own published rates. Buyers comparing the two should make the call on the like-for-like 5-year rate; both pages publish their own number from the live feed.
- 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 market-linked growth participation or guaranteed lifetime income should be comparing FIAs or income-rider products, not this one.
Not ideal for
Buyers who need ongoing access to most of the principal, want market-linked upside or guaranteed lifetime income, require a death benefit with a guaranteed roll-up or step-up, or have a specific reason to hold the original SmartSelect filing (e.g., comparing to an existing in-force SmartSelect contract) — for that case the original SmartSelect page publishes its own headline from the same live feed.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.35% |
| 4-Year | 4.4% |
| 5-Year | 4.6% |
| 6-Year | 4.25% |
| 7-Year | 4.4% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD 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
6%
Yr 3
5%
Yr 4
4%
Yr 5
3%
Yr 6
2%
Yr 7
1%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver, Surrender waivers
Carrier Ratings
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