Guaranty Rate Lock MYGA – Fixed Growth, Flexible Terms, and Reliable Security
Reliable Returns Without Market Risk
At Diversified Insurance Brokers, we work with individuals and families who want clear, predictable growth for their retirement savings. The Guaranty Income Rate Lock Multi-Year Guaranteed Annuity (MYGA), issued by Guaranty Income Life Insurance Company (GILICO), is one of the most straightforward and dependable solutions we recommend.
Whether you’re rolling over a retirement account or repositioning idle cash, this annuity delivers guaranteed interest rates for fixed terms of 3, 5, 7, or 10 years, with no exposure to market volatility. It’s built for peace of mind.
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Fixed Terms. Guaranteed Rates. No Guesswork.
With a minimum investment of just $10,000, the Guaranty Income Rate Lock MYGA is accessible for a wide range of savers. Even better, the company offers enhanced rates for higher premium deposits, making it an attractive option for those moving six-figure amounts from maturing CDs or retirement accounts.
Growth is tax-deferred, meaning your money compounds faster than it would in a taxable account. That’s a significant advantage for long-term accumulation and future income planning.
If you’d like to compare this product with other top MYGA rates available now, you can fill out our short Annuity Quote Request Form to receive personalized results from our advisors.
Liquidity, Flexibility, and Protection
While this is a long-term product, the Guaranty Income Rate Lock MYGA provides helpful liquidity features. Starting in year two, you can withdraw up to 5% of the account value annually without any penalties. Additional flexibility comes in the form of withdrawal charge waivers for:
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Terminal illness
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Nursing home confinement
For withdrawals beyond the penalty-free allowance, a Market Value Adjustment (MVA) and surrender charges may apply. Fortunately, you can choose the term length that fits your financial strategy—shorter for flexibility or longer for enhanced yield.
Legacy Benefits for Peace of Mind
Should something happen to you during the annuity term, your full accumulation value will pass directly to your beneficiaries—without surrender charges and without going through probate. This makes the Guaranty Rate Lock MYGA not just a tool for savings but also a simple, efficient legacy planning vehicle.
Who This Annuity May Be a Good Fit For
The Guaranty Rate Lock MYGA is an excellent option for:
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Individuals seeking guaranteed interest with zero market risk
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Retirees looking to protect principal and avoid unnecessary volatility
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People who want a CD alternative with higher yields and tax deferral
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Savers planning for short- to mid-term goals, with options for 3 to 10 years
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Anyone needing predictable accumulation in retirement or pre-retirement years
This MYGA is also ideal for those who want a set-it-and-forget-it product—without the complexity of moving parts or allocation decisions.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: Guaranty Income Guaranty Rate Lock
What is the Guaranty Rate Lock annuity?
Guaranty Rate Lock is a multi-year guaranteed annuity (MYGA) offering a fixed, contractually guaranteed interest rate for a specific term. It is designed for savers who want predictable growth with no market exposure.
What does “rate lock” mean in this product?
Rate lock means the interest rate you receive at issue is secured for the full guarantee period. Even if market rates fluctuate, your credited rate will not change throughout the term.
Are penalty-free withdrawals available?
Some versions of Rate Lock include an annual penalty-free withdrawal option, while others prioritize higher guaranteed rates with no liquidity. Your choice determines whether flexibility or maximum yield is your priority.
How is interest credited?
Interest is credited daily and compounded annually unless the contract states otherwise. All credited interest is tax-deferred until withdrawn.
Is my principal protected?
Yes. Rate Lock guarantees that your account value cannot decline due to market performance. Both premium and credited interest are fully protected during the term.
Can I fund this annuity with retirement dollars?
Yes. Rate Lock usually accepts IRA rollovers and transfers from employer plans. The rollover process is similar to the structure shown in our TSP-to-annuity guide.
Does the annuity have any surrender charges?
Yes. Withdrawals above the penalty-free allowance (if included) may trigger surrender charges. These apply only during the guarantee period.
What happens when the guarantee period ends?
At maturity, you gain full access to your funds. You may withdraw, renew at a new rate, or transfer to another annuity product without penalty.
Does this product offer any market-indexed options?
No. Rate Lock is a traditional MYGA with fixed, guaranteed interest. There are no index-based strategies or market-linked crediting methods.
Who is the Rate Lock annuity best suited for?
This annuity is ideal for conservative savers who want simple, predictable, guaranteed growth. It fits CD-minded investors and those seeking stable returns without market volatility.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
