Talcott Financial EverStead MYGA — 9-year fixed annuity at 5.50%
- Locks in 5.50% for 9 years
- Open with $25,000 to $2,000,000
- Free withdrawals allowed for:
- 10% of your balance each year
- Required IRA distributions
- Your full investment for nursing home confinement or terminal illness
Rates as of May 8, 2026
Projected balance
over 9 years
Compounded at 5.50% guaranteed. No market exposure, no fees deducted from your balance.
| Year | Earnings | Balance |
|---|---|---|
| 1 | $27,500 | $527,500 |
| 2 | $29,013 | $556,513 |
| 3 | $30,608 | $587,121 |
| 4 | $32,292 | $619,412 |
| 5 | $34,068 | $653,480 |
| 6 | $35,941 | $689,421 |
| 7 | $37,918 | $727,340 |
| 8 | $40,004 | $767,343 |
| 9 | $42,204 | $809,547 |
| Total earnings | $309,547 | $809,547 |
Free-withdrawal allowance: 10% / yr. Withdrawals beyond the allowance trigger the surrender charge below.
- Rank vs. peers
- #3 of 27 (top is 5.50% — Capitol Life Heritage Elite)
Same product, other terms
Other EverStead MYGA terms from Talcott Financial
Projections shown for a $500,000 premium.
| Term | Rate | Projection | |
|---|---|---|---|
| 2-year | 4.05% | $541,320 | View → |
| 3-year | 4.95% | $577,986 | View → |
| 4-year | 4.95% | $606,596 | View → |
| 5-year | 5.20% | $644,242 | View → |
| 6-year | 5.30% | $681,617 | View → |
| 7-year | 5.30% | $717,742 | View → |
| 8-year | 5.45% | $764,439 | View → |
| 9-year | 5.50% | $809,547 | You're here |
| 10-year | 5.60% | $862,202 | View → |
If you withdraw early
Surrender charge schedule
Surrender charges apply to withdrawals beyond the free-withdrawal allowance during the contract term. The charge is a percentage of the amount withdrawn, decreasing each year. They exist because the carrier matches your premium against long-duration assets — early redemption forces them to unwind those positions.
| Contract year | Charge |
|---|---|
| Year 1 | 9.0% |
| Year 2 | 8.0% |
| Year 3 | 7.0% |
| Year 4 | 6.0% |
| Year 5 | 5.0% |
| Year 6 | 4.0% |
| Year 7 | 3.0% |
| Year 8 | 2.0% |
| Year 9 | 1.0% |
Contract terms
What else to know
Term
9 years guaranteed at 5.50% APY
Investment range
$25,000 – $2,000,000
Rate banding
Higher investment amounts qualify for higher rates.
| Premium band | Rate |
|---|---|
| $25,000 – $100,000 | 5.15% |
| $100,000 – $500,000 | 5.40% |
| $500,000 – $2,000,000 | 5.50% |
Funding sources accepted
Traditional IRA, Non-Qualified, Inherited IRA, IRA Rollover, IRA Transfer, Spousal IRA, Stretch IRA, NQ Stretch, IRA-Roth
Owner age
0 to 85 years old
Death benefit
Full accumulated value passes to your beneficiary, no surrender charge.
Riders & waivers
- Terminal Illness Waiver
- Nursing Home Waiver
- Hospital Confinement Waiver
- Death Benefit Waiver
- RMD-Friendly (RMD withdrawals exempt from surrender charge)
Maturity
30-day window at the end of the term to withdraw, reinvest, or convert to guaranteed income via annuitization.
Tax treatment
Interest accumulates tax-deferred. Personal post-tax funds: only the interest is taxable on withdrawal. Withdrawals before age 59½ may be subject to a 10% IRS penalty.
Source: Talcott Financial contract brochure (download PDF). Anything you act on should be confirmed against the carrier's most recent filing.
First time looking at fixed annuities? How they compare to a CD →