Fixed annuity review and rates

Palladium MYG

The Palladium MYG - NY is a single premium deferred annuity. A single premium fixed deferred annuity that offers six guaranteed interest rate periods: 5–10 years. Certain guarantee periods include a first year interest rate enhancement. After the initial guarantee period, funds are available for full surrender without incurring surrender charges during a 30-day.

Surrender charge free withdrawals
Interest only in first year. Starting in year two, 10% of the annuity value at beginning of each contract year may be taken without surrender charge.

No guarantee of principal

Note:
We will accept the following Inherited IRA: 
  • Non-Spouse ONLY if the original owner passed away prior to 01/01/2020. 
  • If the DOD is on or after 01/01/2020 we will only accept Spousal Inherited IRAs. 

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
5 5 2.9% 2.9%
5 5 3% 3%
6 6 3.1% 3.1%
6 6 3.2% 3.2%
7 7 3.2% 3.2%
7 7 3.3% 3.3%
10 10 3.35% 3.35%
10 10 3.45% 3.45%
5 5 3.15% 3.15%
6 6 3.35% 3.35%
7 7 3.45% 3.45%
10 10 3.6% 3.6%
3 3 3.3% 3.3%
3 3 3.15% 3.15%
3 3 3.05% 3.05%
American National Life Insurance Company of New York
Founded: 1953
A.M. Best: A
Fitch: A
S&P: A
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, Inherited IRA, and TSP