Anchor MYGA
Gulf Guaranty Life Insurance Company
18
States
A fixed-rate deferred annuity that locks in guaranteed interest for 5-7 years with flexible renewal options and penalty-free withdrawal windows. Designed for conservative investors seeking predictable growth without market exposure.
Available In
18 states
Min Premium
$10,000
Surrender
7 years
Key Features
Initial Guarantee Period
5, 6, or 7 yearsYour interest rate is locked in and guaranteed by the insurance company for your chosen term.
Minimum Premium
$10,000The lowest amount you can invest in this annuity.
30-Day Renewal Window
No surrender charges or MVA during windowBefore each guarantee period ends, you have 30 days to renew at the new rate, surrender penalty-free, or adjust your strategy—with no Market Value Adjustment.
Surrender Charges
5-9% depending on year and term selectedPenalties that decrease each year if you withdraw beyond your free amount. Charges range from 9% in year 1 down to 3% (7-year) or lower in later years.
RMD Protection
IRS-compliant, penalty-freeRequired Minimum Distributions from qualified accounts (IRA, SEP IRA) are exempt from surrender charges and Market Value Adjustments.
Account Types
Non-Qualified, IRA, Roth IRA, SEP IRAChoose the structure that fits your tax situation.
Issue Ages
0–89 yearsThis product is available to a wide range of ages.
Free Look Period
30 daysTime to review your contract after purchase and cancel if unsatisfied.
Highlights
Fixed interest rate guaranteed for 5, 6, or 7 years with no market risk
Flexible 30-day window at renewal to switch rates, surrender penalty-free, or adjust your strategy
Multiple optional riders including nursing home, terminal illness, and free withdrawal options
Available in non-qualified, IRA, Roth IRA, and SEP IRA account types
Market Value Adjustment protects you if rates rise, ensuring fairness at renewal
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
RMD waiver
Best For
Conservative investors, retirees, and those with qualified retirement accounts (IRA, SEP IRA, Roth IRA) who want guaranteed fixed returns, predictable income, and protection from market volatility.
Consider Alternatives If
Investors who need frequent, penalty-free access to their money, those expecting higher returns from market-linked investments, or anyone uncomfortable locking funds in for 5–7 years.
Carrier Ratings
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