Why it earned this rating
Our assessment
The Palladium Match MYG 7 combines a competitive 7-year guaranteed rate with the most consumer-friendly structural features in the Palladium lineup. Immediate 10% free withdrawal, an MVA limited to the guarantee period, and strong carrier quality add up to a product that genuinely serves income-focused retirees well.
The short version
I think the Palladium Match MYG 7 deserves serious consideration from retirees who want a 7-year MYGA and plan to use some income along the way. The ability to take 10% from year one, combined with no MVA risk after year seven, makes this a more accessible and transparent structure than many competing 7-year MYGAs. Confirm the rate at time of purchase — that's the only variable that changes.
Key facts
American National Insurance Company, founded 1905, A (Excellent) A.M. Best. The Palladium Match MYG 7 is the longest-duration option in the Match series, offering the best combination of rate competitiveness and consumer-friendly structural features.
The full review
Is American National Palladium Match MYG 7 a Good Annuity?
Yes. For a 7-year MYGA with income flexibility built in, this is among the better-structured products in the market. The carrier is strong, the terms are clear, and the structural advantages are real.
Why Someone Would Buy This Annuity
A 63-year-old retiring and rolling $300,000 from a 401k into a safe vehicle. They want to take $30,000 per year (10% of AV) as supplemental retirement income for seven years while the rest compounds tax-deferred. The Match MYG 7 allows this from day one without any surrender charges.
Who This Annuity Is Best For
Retirees ages 58–72 who have decided that a portion of their savings belongs in a guaranteed, no-market-risk vehicle for seven years, and who want income access from the start. Also appropriate for people doing a 1035 exchange from a prior annuity who want immediate access under the new contract.
What You're Really Buying Here
A 7-year guaranteed rate, 100% principal protection, 10% per year accessible from year one, and an MVA that expires when the guarantee period does. After seven years, everything is fully liquid with no strings attached.
How the Core Feature Works
Fixed rate declared at issue, held for seven full years. 10% of AV per year accessible without surrender charges from year one. MVA applies during the 7-year guarantee period on amounts above the free withdrawal. After year seven, no surrender charges and no MVA — completely clean exit. Rate may vary by premium level.
Why the Secondary Feature Matters
$100,000+ premium band rates apply. Over seven years, the enhanced rate for larger deposits compounds into a meaningful difference. Anyone depositing a significant sum should confirm the applicable rate tier.
Liquidity and Surrender Schedule
Surrender schedule (Match 7): 8,8,8,7,6,5,4,0 for years 1–7. MVA during the 7-year guarantee period only. After year seven, no charges and no MVA. Emergency waivers for confinement, disability, and terminal illness (CA: disability only).
Fees and Tradeoffs
No explicit fees. Not available in New York. Rate may be slightly lower than standard Palladium MYG 7 in exchange for structural consumer benefits.
Product snapshot
| Feature | Details |
|---|---|
| Product Type | Multi-Year Guaranteed Annuity (MYGA) — Match Series |
| Surrender Period | 7 Years |
| Issue Ages | 0–90 |
| Minimum Premium | $5,000 |
| Interest Rate | Guaranteed fixed for full 7-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. Part of Brookfield Reinsurance since 2022. A.M. Best: A (Excellent). Long track record in the fixed annuity market.
Final take
The Palladium Match MYG 7 is the flagship of the Match series for good reason. It earns a competitive 7-year rate, gives you 10% accessible income from day one, and clears its MVA slate at the end of seven years. For income-focused retirees who want the best combination of guaranteed rate and practical liquidity in a 7-year MYGA, I think this is worth putting at the top of your comparison list.