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fixed annuities

Multi-Year Guarantee Annuity Details

Diamond Head MYGA 5

Product Name

Diamond Head MYGA 5

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

(3rd of 15 ratings)
(6th of 20 ratings)
Not Rated
Not Rated
(percentile of rated companies)

Product Information

The Diamond Head MYGA 5 is a deferred multi-year guarantee annuity issued by Pacific Guardian Life.

The current 5 year guarantee period annual yield is 5.50% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Diamond Head MYGA 5 has a full penalty free withdrawal window after 5 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides up to 10% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Pacific Guardian Life is rated “A” by A.M. Best, was founded in 1961, and has over $1 billion in total assets.

Rate Details

Premium Amount: $10,000 - $1,000,000

5 Year Guarantee Period Annual Yield: 5.50%
Interest rate start of year 1 through end of year 5: 5.50%

Initial Surrender Charge and MVA Periods

5 years


5 years

State variations may exist, refer to product disclosure for details.

Other Guarantee Periods Available

Policy Details

Penalty Free Withdrawal Provisions

Annuitization and Death

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  CT, FL, KS, NJ, NY, ND and SD (as of 01/01/2023)


Life Events Rider: The Diamond Head MYGA offers an additional withdrawal of up to 10% of the contract’s value for any reason without incurring a surrender charge. This rider is offered at no additional cost, is available starting in the second contract year, and can be exercised only once during the life of the contract.