Multi-Year Guaranteed Annuities

The Multi-Year Guaranteed Annuities are only available to AZ, IA, KS, LA, MO, MT, NM, OK, TX, UT, and WI residents currently.

Multi-Year Guaranteed Annuity Calculator

Use the online calculator to see for yourself what an American Savings Life Deferred Annuity can do for you.

Multi-Year Guaranteed Annuity
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What is a Multi-Year Guaranteed Annuity (MYGA)?

A MYGA is a fixed annuity that can help you accumulate money tax-deferred for retirement. You do not have to pay taxes on the money that accumulates until you decide to begin withdrawing funds.

It guarantees a fixed interest rate each year, regardless of what the stock market or bond market does.

Annuity guarantees are backed by the financial strength and claims-paying ability of American Savings Life Insurance Company.

Fixed Annuities offer these Attractive Features:

Introducing the American Savings Life's Multi-Year Guaranteed Annuities

Our MYGA offers the best of both worlds by guaranteeing you never lose a dime of your principal investment while simultaneously guaranteeing an interest rate for the chosen period of time, and a 3.00% guaranteed minimum interest rate for the life of the contract.

Purchased with a single premium with no additional premiums as either Qualified (i.e.: Traditional IRA), Roth IRA, and Non-Qualified funds.

How It Works

You Choose the Guaranteed Interest Rate Duration

The interest rate is guaranteed for those surrender charge years that you choose. We are able to pay above-market interest rates due to our below-average overhead and sales expenses as well as our consistent above-average financial performance.

1-Year MYGA 5.00%
2-Year MYGA 5.50%
3-Year MYGA 5.75%
4-Year MYGA 5.75%
5-Year MYGA 5.75%
  • Interest Penalty-Free Withdrawal Rider (no cost); or
  • 10% Annual Penalty-Free Withdrawal Rider (no cost); or
  • RMD Penalty-Free Withdrawal Rider (no cost); and
  • Penalty-Free Death Benefit Rider (no cost).
  • Traditional IRA, Roth IRA, or Non-Qualified
Multi-Year Guaranteed Annuity
An Individual Single Premium Fixed Deferred Annuity
Interest Rate Options
(Interest rates vary by the
number of years chosen)
1-Year: 1-year surrender charge
2-Years: 2-years surrender charge
3-Years: 3-years surrender charge
4-Years: 4-years surrender charge
5-Years: 5-years surrender charge
Issue Ages 18-95 years old: 1 or 2 years durations
18-90 years old: 3, 4, or 5 years durations
Issue Age Determination Current Age / Last Birthday
Minimum Premium $25,000
Maximum Premium $500,000 per individual
Rate Lock Allowances For situations such as IRA transfers and IRC Section 1035 exchanges,
an allowance may be made to lock-in the application date interest rate
or pay a higher interest rate that may be available at the time of issue.
Guaranteed Minimum Interest Rate 3.00% lifetime minimum guaranteed interest rate
after the initial interest rate's surrender charge period.
Free withdrawal amounts
during the
surrender charge period
Interest Penalty-Free Withdrawal Rider, or
10% Annual Penalty-Free Withdrawal Rider, or
Required Minimum Distribution Penalty-Free Withdrawal Rider.
Existing surrender charges
upon death
Penalty-Free Death Benefit Rider.
Market Value Adjustment Will apply to the surrender amount additionally during any surrender
charge period: (a) if interest rates rise after the contract effective date
the market value adjustment will generally decrease the surrender value;
and (b) if interest rates fall after the contract effective date, the market
value adjustment will generally increase the surrender value.
Surrender Charge Waiver Surrender charges are waived if the contract is annuitized prior to
the end of the surrender charge period, provided the annuitized
payment option selected has a life contingency or a
period certain of 10 or more years.
MYGA Contract Years Surrender Charges
Contract Years 1 2 3 4 5 6
Year 1 9% 0% 0% 0% 0% 0%
Year 2 9% 8% 0% 0% 0% 0%
Year 3 9% 8% 7% 0% 0% 0%
Year 4 9% 8% 7% 6% 0% 0%
Year 5 9% 8% 7% 6% 5% 0%

Many Ways to Access Your Funds

The American Savings Life annuities offer these ways to access your annuity funds:

Interest Payments Rider

At any time, you may elect to begin having your earned interest paid to you periodically as often as monthly.

Withdraw 10% of the Annuity Value Annually Rider

Each year after the first year you may withdraw up to 10% of the annuity value with no surrender charge.

Required Minimum Distributions Rider

Accommodates Traditional IRAs that need to payout the IRS required minimum distribution (RMD) each year.


Anytime you decide to “annuitize” your annuity (begin receiving regular payments for life or a set number of years), no surrender charges are assessed, provided the annuity payment option is for the life of the Owner or for at least 10 years.

Why Buy from American Savings Life

An Exceptionally Strong Life Insurance Company

Founded in 1954 in Phoenix, Arizona. A commitment to conservative, profitable investments provide its policyholders with strong financial assurance. American Savings Life is able to consistently pay above-average rates in large part due to our low overhead business model. We were founded on principles of frugality and conservatism which continue to be our guiding principles today.

30 Day Free Look

You have a full 30 days after you receive your annuity contract to change your mind for any reason and cancel your annuity; in which case you will promptly receive a full 100% refund.


Rates effective as of June 15, 2024, and are subject to change without notice. Withdrawals are subject to ordinary income taxes, and if taken prior to age 59-1/2 may incur an additional 10% federal penalty. Early surrenders may result in receipt of less than the original premium. Neither American Savings Life nor its producers give tax or legal advice. Consult a tax advisor for details on taxation. Annuity guarantees are backed by the financial strength and claims-paying ability of American Savings Life. The Multi-Year Guaranteed Annuity policy form ICC23-MYGA-CONTRACT-3000 is not available in all states.

Click here for the NAIC Fixed Deferred Annuities Buyers Guide