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fixed annuities

Multi-Year Guarantee Annuity Details

Premium Preferred ROP 5 (CA)

This annuity product was merged into the all other states version.

Product Name

Premium Preferred ROP 5 (CA)

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

(5th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Premium Preferred ROP 5 is a deferred multi-year guarantee annuity issued by Manhattan Life Insurance Company.

The current 5 year guarantee period annual yield is 4.25% (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 Premium Preferred ROP 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contract year, and each year thereafter, this annuity provides up to 15% (noncumulative) of the contract value may be withdrawn from the annuity each contract year without penalty.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.

Manhattan Life Insurance Company is rated “B++” by A.M. Best, was founded in 1850, and has over $580 million in total assets.

Rate Details

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

5 Year Guarantee Period Annual Yield: 4.25%
Interest rate start of year 1 through end of year 5: 4.25%
This annuity product was merged into the all other states version.

Initial Surrender Charge and MVA Periods

5 years


5 years

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

Policy Details

Penalty Free Withdrawal Provisions


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

State Variations

Available only in:  CA (as of 01/20/2022)


Includes Return of Premium (ROP) Guarantee: The surrender value of the contract will never be less than the premium paid, minus any partial surrenders taken.