Why it earned this rating
Our assessment
The Palladium Match MYG 3 is a clean 3-year MYGA with a slightly more accessible free withdrawal structure than the standard Palladium MYG — you get 10% of AV per year from the start. The MVA applies only during the guarantee period, providing additional transparency about total liquidity risk.
The short version
I think the Match structure appeals to savers who want the annual free withdrawal available from the beginning of the contract rather than waiting until year two. For a 3-year product, that distinction matters. If you're planning to take systematic withdrawals from the start, the Match MYG has a structural advantage over the standard version.
Key facts
American National Insurance Company, founded 1905, A (Excellent) from A.M. Best. The Palladium Match MYG is a variation of the standard Palladium MYG designed with enhanced immediate withdrawal flexibility.
The full review
Is American National Palladium Match MYG 3 a Good Annuity?
Yes, for a 3-year horizon with immediate income needs. The product is clean, the carrier is solid, and the free withdrawal structure is more accessible than the standard Palladium MYG in the early years.
Why Someone Would Buy This Annuity
A retiree who wants to deposit money and immediately start pulling 10% per year — for example, to supplement income from other sources — would appreciate the Match MYG's immediate withdrawal availability. Compare to the standard Palladium MYG where year one is interest-only.
Who This Annuity Is Best For
Retirees and near-retirees who want a short-term MYGA and plan to use the free withdrawal provision from the first year. Also suitable for savers who want 3-year safety with maximum available flexibility.
What You're Really Buying Here
A 3-year guaranteed rate with 100% principal protection, tax deferral, and 10% free withdrawal available every year including year one. The MVA applies only during the 3-year surrender/guarantee period.
How the Core Feature Works
Fixed rate declared at issue, guaranteed for 3 years. 10% of AV per year is accessible without surrender charges from year one onward. MVA applies to withdrawals above 10% during the surrender period. At the end of three years, the guarantee period ends and the full value is available without any charges.
Why the Secondary Feature Matters
Rate enhancement for $100,000+ premiums applies on the Match MYG as well. Savers with larger deposits should ask for the premium-band rate. Note that the MVA on the Match MYG applies only during the guarantee period (unlike the standard Palladium MYG where it runs for 10 years regardless of duration chosen).
Liquidity and Surrender Schedule
Surrender schedule (Match 3): 8,8,8,0 for years 1–3 plus a clean exit. MVA applies during the 3-year guarantee period only. Free withdrawal: 10% of AV per year from year one. Emergency waivers for confinement, disability, and terminal illness (not all available in CA).
Fees and Tradeoffs
No explicit fees. Not available in New York. MVA during the guarantee period only is a meaningful consumer-friendly feature compared to longer-running MVA structures.
Product snapshot
| Feature | Details |
|---|---|
| Product Type | Multi-Year Guaranteed Annuity (MYGA) — Match Series |
| Surrender Period | 3 Years |
| Issue Ages | 0–90 |
| Minimum Premium | $5,000 |
| Interest Rate | Guaranteed fixed for full 3-year term; higher rates for $100k+ |
| Free Withdrawal | 10% of AV per year from year 1 (no waiting period) |
| Market Value Adjustment | Yes, during guarantee period only |
| MGSV | Greater of full AV or CSV |
| Waivers | Confinement, Disability, Terminal Illness (CA: Disability only) |
| Death Benefit | Greater of full AV or CSV, no surrender charges |
| State Availability | Not available in New York |
Carrier snapshot
American National Insurance Company, founded 1905, Galveston, Texas. A.M. Best: A (Excellent). Part of Brookfield Reinsurance since 2022.
Final take
The Palladium Match MYG 3 is a smart design for retirees who want a short MYGA with immediate free withdrawal access. The 3-year duration and 10% per year from day one make it an income-friendly structure. Confirm that the rate is competitive at time of purchase.