Staysail
Knighthead Life
6.5%
Best Rate
46
States
Staysail is a multi-year guaranteed annuity that locks in fixed interest rates for 3, 5, or 7 years with daily crediting and no market risk. It's designed for retirees and those rolling over retirement plan assets who want predictable growth and flexibility.
Available In
46 states
Min Premium
$10,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 5.6% |
| 5-Year | 6.3% |
| 7-Year | 6.5% |
Key Features
Guaranteed Option Period (GOP)
3, 5, or 7 yearsChoose a 3, 5, or 7-year guarantee period during which simple interest is credited daily and guaranteed, with no market value risk.
Premium Range
$10,000 to $2,000,000Flexible investment amount to suit different retirement savings levels.
Withdrawal Flexibility
0% or 10% annual free withdrawalsOption to access 10% of accumulated value annually without penalty (in exchange for a 0.20% rate reduction), or choose no free withdrawals at full rate.
Surrender Charge Schedule
8.50% to 3.00% depending on year and termWithdrawal charges decline each year: 8.50% in Year 1, dropping to 3.00% by Year 7 on the 7-Year GOP.
Extended Care Waiver
Up to $250,000If confined to a hospital or nursing home for 90+ consecutive days after the first year, access up to $250,000 penalty-free.
Terminal Illness Waiver
Up to $250,000If diagnosed with a terminal illness (12 months or less to live), access up to $250,000 penalty-free after the first contract year.
Qualified Plan Rollovers
Full rollover capabilityAccept rollovers from IRAs, 401(k)s, 403(b)s, and pension or profit-sharing plans without changing the owner/annuitant requirement.
Death Benefit
100% of accumulated valueUpon death, beneficiary receives the full accumulated value free of withdrawal charges or market value adjustments.
Free Look Period
30 daysReview and reconsider your purchase for 30 days after issue.
Highlights
Simple interest credited daily and guaranteed for 3, 5, or 7 years—no market risk during the guarantee period
Flexible withdrawal options: choose between no free withdrawals or 10% annual free withdrawals (with a 0.20% rate reduction)
Accepts rollovers from IRAs, 401(k)s, 403(b)s, and pension plans—ideal for consolidating retirement savings
Extended Care and Terminal Illness Waivers provide access to up to $250,000 if you need funds for qualified healthcare situations
Surrender Schedule
Yr 1
8.5%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and pre-retirees who want predictable, guaranteed interest income and are rolling over retirement plan assets while maintaining some liquidity and access for long-term care needs.
Consider Alternatives If
Investors seeking growth above guaranteed rates, those who may need full access to funds in the short term, or anyone under age 59½ who may face IRS penalties on non-RMD withdrawals.
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