Pacific Guardian Life Diamond Head 7
Current Fixed Rate
5.00%
The Pacific Guardian Life Diamond Head 7 is a single premium, fixed annuity with a seven-year guaranteed fixed rate of return. After seven years, owners have a 30-day window to withdraw, transfer, or reinvest their entire account balance. If no election is made, the account will renew for a new term at a new declared rate.
Qualified and non-qualified funds are accepted. Spousal continuances of the contract are allowed upon the first passing. There are no surrender penalties at death. A Life Events Rider (described below) is included at no additional cost.
More Annuity options from: Pacific Guardian Life
Notable Features
At no cost, this policy includes a Life Events Rider. It provides a one-time additional 10% free withdrawal amount (for any reason) with no surrender penalties after year one. It can only be used once during the contract’s term.
Additional Details
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Term
7 Years
Free Withdrawals Yr1 / Yr2+
10% / 10%
Surrender Schedule
10%, 9%, 8%, 7%, 6%, 5%, 4%, 0%
Maximum Age
85
Minimum Investment
$10,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
There are low minimums to start from an A rated carrier. Yearly 10% free withdrawals beginning year one and no surrender penalties at death. The policy also includes a Free Life Events Rider for one additional withdrawal.
Other Popular Products
Pacific Guardian is well known for their fixed annuity (MYGA) offerings, but also provide competitive term and whole life insurance plans to individuals and families.
About Pacific Guardian Life
Pacific Guardian Life
AM Best Rating: A Excellent (3rd of 13 ratings)
https://www.pacificguardian.com/
About Pacific Guardian Life Insurance Company
For more than 60 years, Pacific Guardian Life has offered insurance products and financial services to individuals, families, and employer groups. This Honolulu, Hawaii-based annuity company offers coverage in 46 states and boasts an A rating with AM Best.
They have over 1000 agents and brokers to serve their customers nationwide. Their values are to be a trusted partner and servant leader with a community mindset.