Pacific Guardian Life Diamond Head MYGA – Fixed Growth with Liquidity and Legacy Benefits
Lock In Predictable Returns for a Worry-Free Retirement
At Diversified Insurance Brokers, we work with individuals who want safety and certainty in their retirement portfolios. The Pacific Guardian Life Diamond Head Multi-Year Guaranteed Annuity (MYGA) offers just that—with guaranteed fixed interest, penalty-free access, and legacy planning features that make it a reliable tool for long-term financial stability.
If you want to grow your money without market risk, while keeping flexibility and control, this may be the annuity solution you’ve been searching for.
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Fixed Interest Terms Built for Your Timeline
The Diamond Head MYGA provides guaranteed interest rates for terms ranging from 3 to 10 years, allowing you to lock in returns that match your retirement plan. Whether you’re looking for short-term stability or a longer-term growth horizon, you can structure your annuity to align with your goals.
Earnings grow tax-deferred, allowing you to accumulate more wealth compared to taxable investment accounts.
Liquidity Features for Life’s Unexpected Moments
While this is a fixed annuity, it offers surprising flexibility. Starting after year one, you can withdraw up to 10% of your contract value each year—penalty-free. This gives you room to access funds without losing your guarantees.
For added peace of mind, the built-in Life Events Rider allows additional penalty-free access in the event of terminal illness, nursing home confinement, or other qualifying life events.
Thoughtful Estate Planning Built In
If you pass away during the contract term, your beneficiaries will receive the full account value, not just the premiums paid. There are also spousal continuation options, ensuring that your loved ones can continue the contract with its full value and benefits.
This makes the Diamond Head MYGA a practical option for those who want to leave a financial legacy without unnecessary tax or administrative burdens.
Who Is This Annuity Designed For?
The Diamond Head MYGA may be a strong fit for:
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Individuals seeking safe, fixed growth without market exposure
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Retirees needing stable returns and principal protection
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Pre-retirees planning rollovers or IRA transfers
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People who want some liquidity while preserving guarantees
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Those interested in simplified wealth transfer to beneficiaries
If you’re looking to lock in predictable gains while keeping access and flexibility, this product is worth a closer look.
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: Pacific Guardian Life Diamond Head Annuity
What is the Diamond Head Annuity from Pacific Guardian Life?
The Diamond Head Annuity is a fixed or fixed-indexed annuity designed to help you grow retirement savings while protecting principal. It offers fixed-rate or index-linked interest crediting, with options to convert savings into future income or withdrawals under contract terms.
How does interest or index crediting work?
You can select a fixed-interest option or choose one or more index-linked crediting strategies. If using an index-linked strategy, interest credits are determined by formulas that use caps, participation rates, or spreads. Your premium is not directly invested in the stock market — only crediting is tied to index performance.
Is my principal protected from market downturns?
Yes. Because the annuity is structured as a fixed or fixed-indexed contract, your accumulation value (principal plus any credited interest) is shielded from market losses. Negative index performance simply results in no credited interest for that period — your value won’t drop because of market volatility (unless you take withdrawals or surrender early under contract terms).
Can I withdraw funds before maturity or income phase?
Most contracts allow a limited annual free-withdrawal (after the first contract year), often a small percentage of account value, without surrender charges. Larger withdrawals or early surrender may lead to surrender charges or reduction of benefits.
What happens if I surrender or withdraw early?
Early surrender or withdrawals beyond the free-withdrawal allowance may trigger surrender charges, reduce credited interest or benefit guarantees, and affect overall contract value. Liquidity is limited in early years, so this annuity is best treated as a long-term commitment.
Does Diamond Head offer payout or income options?
Depending on the version and any riders selected, you may have the option to convert your accumulation value into income — such as lifetime income or structured payouts. Evaluate payout and rider terms closely to see if they meet your retirement needs.
How are earnings and withdrawals taxed?
Earnings accumulate tax-deferred while your money remains in the annuity. When you take withdrawals or start income payments, the taxable portion is generally taxed as ordinary income. Withdrawals before age 59½ may also be subject to additional IRS penalties in some cases.
What happens if I die before or after payouts begin?
If the contract includes a death-benefit or beneficiary provision, your heirs may receive a benefit based on the accumulation value or a guaranteed minimum. If income payments have started, continuation benefits depend on the payout option chosen (e.g., joint-life or period-certain payouts).
Who is the Diamond Head Annuity a good fit for?
This annuity may suit savers who want principal protection, tax-deferred accumulation, and a balance of potential growth and safety — especially those with a medium- to long-term horizon and limited need for near-term liquidity. You may consider pairing it with other retirement strategies such as a diversified portfolio or savings ladder described in our retirement income planning basics.
What should I consider before purchasing?
Before buying, check the crediting option (fixed vs index-linked), surrender-charge schedule, free-withdrawal allowances, any rider or payout fees, liquidity needs, and how the contract fits your overall retirement timeline and financial goals.
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.
