Why it earned this rating
Our assessment
The Palladium MYG 9 is a solid product that serves a narrow purpose — matching savers who have a genuine 9-year timeline. The carrier is highly rated, the product is clean, and the terms are clear. The rating is modest because the 9-year duration has limited market depth.
The short version
American National makes this available for savers who genuinely need it, and the product is well-built. I think the 9-year duration is less commonly chosen than 7 or 10 for good reason — most savers find those two anchor points better fit their planning. But if nine years is your number, this delivers.
Key facts
American National Insurance Company, founded 1905, A (Excellent) from A.M. Best. The Palladium MYG series offers seven durations to match virtually any saving timeline from 3 to 10 years.
The full review
Is American National Palladium MYG 9 a Good Annuity?
Yes, for the right timeline. Same clean structure as other Palladium MYG durations. The question is whether 9 years genuinely matches your needs.
Why Someone Would Buy This Annuity
A saver who is 56 and needs funds available by 65, or who has a specific financial obligation at the 9-year mark that they want to plan around with guaranteed certainty.
Who This Annuity Is Best For
Conservative savers with a defined 9-year horizon and no foreseeable need for principal access during that period beyond the 10% annual free withdrawal provision.
What You're Really Buying Here
A guaranteed 9-year interest rate, 100% principal protection, and tax deferral. Full liquidity at maturity with no penalties.
How the Core Feature Works
Fixed rate locked in at issue for 9 years. 10% annual free withdrawal starting year two (interest only in year one). MVA on excess withdrawals during the surrender period.
Why the Secondary Feature Matters
$100,000+ premium band rates apply. Over a 9-year period, the compounding difference between the base and enhanced rate tiers can be substantial — worth confirming before committing.
Liquidity and Surrender Schedule
9-year surrender period. Charges years 1–9: 8,8,8,7,6,5,4,3,2. After year 9, fully liquid. Emergency waivers for nursing home confinement, terminal illness, and disability.
Fees and Tradeoffs
No explicit fees. Not available in New York. MVA on excess withdrawals.
Product snapshot
| Feature | Details |
|---|---|
| Product Type | Multi-Year Guaranteed Annuity (MYGA) |
| Surrender Period | 9 Years |
| Issue Ages | 0–90 |
| Minimum Premium | $5,000 |
| Interest Rate | Guaranteed fixed for full 9-year term; higher rates for $100k+ premiums |
| Free Withdrawal | Interest only year 1; 10% of AV per year starting year 2 |
| Market Value Adjustment | Yes, on excess withdrawals during surrender period |
| MGSV | Greater of full AV or CSV |
| Waivers | Nursing Home, Terminal Illness, Disability (vary by state) |
| 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 MYG 9 is a well-built product in a niche duration. If nine years is your timeline, get a quote. Otherwise, the 7 or 10-year options are likely more efficient for most planning purposes.