Company Information
Company Name
Pacific Guardian Life
Product Name
Pacific Guardian Life Diamond Head 7
Description
The Diamond Head 7 is single premium, fixed annuity with a seven-year guaranteed fixed rate of return. After seven years, owners have a 30-day with 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 are allowed and there are no surrender penalties at death. Life Events Rider included at no cost.
AM Best Rating
A
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
10% / 10%
Rate
5.00%
Term
7 Years
Minimum Investment
$ 10,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
10%, 9%, 8%, 7%, 6%, 5%, 4%, 0%
What We Like About This Annuity
Low minimums to start from an A rated carrier. Yearly 10% free withdrawals beginning year one. No surrender penalties at death. Free Life Events Rider.
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.
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.
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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.