Why it earned this rating
Our assessment
The Advisory MYGA 7-Year leads the entire Aspida MYGA lineup at 5.75% for larger premiums, with no commission compression, nursing home and terminal illness waivers, and clean contract structure. The 7-year commitment is real but buyers who can hold earn the strongest rate available from Aspida.
The short version
If someone is working with an RIA, has true long-term capital that does not need to be touched for 7 years, and wants the best guaranteed rate among Aspida's Advisory options, this is the natural choice. The 25-basis-point premium over the 5-year rate is real and compounds meaningfully over the full term. The question is always whether the buyer truly has a 7-year horizon for that capital.
Key facts
The full review
Is Aspida Advisory MYGA 7-Year a Good Annuity?
Yes, for the right buyer. The rate is strong for a 7-year MYGA in the advisory channel. The main consideration is whether 7 years truly fits the buyer's situation — this is a meaningful commitment, and the surrender charges in the early years (9%, 9%, 8%) are substantial. For a buyer who genuinely has a 7-year horizon, this is a strong option.
Why Someone Would Buy This Annuity
Someone would buy this when they want to lock in a high guaranteed rate for the long term, have capital that will not be needed for 7 years, and are working in an RIA context. This is a real commitment to a specific rate rather than a bet on rates rising. If today's rate environment looks attractive relative to where you expect rates to go, locking in 5.75% for 7 years can make sense.
Who This Annuity Is Best For
I think the 7-Year Advisory MYGA is best for someone in their mid-50s or early 60s who has a defined retirement runway and wants to lock in a high guaranteed rate for a portion of their pre-retirement fixed allocation. It is less appropriate for someone close to needing distributions, someone in their 70s or 80s where a 7-year commitment is harder to justify, or anyone who values flexibility above rate.
What You're Really Buying Here
A 7-year locked interest rate at a level currently above 5.5% for larger premiums, with daily compounding, tax deferral, and full principal protection. The minimum rate after the guarantee period is 3.00%. At the end of 7 years, you have penalty-free access to 100% of your contract value.
How the Core Feature Works
The rate is guaranteed for the full 7-year period regardless of what market interest rates do during that time. For premiums of $100,000 or more, the current rate is 5.75%. For premiums under $100,000, it is 5.60%. Interest compounds daily. After the 7-year guarantee period, the rate resets at Aspida's declared rate, but never below the contractual minimum of 3.00%.
Why the Secondary Feature Matters
Locking in a rate for 7 years is meaningful because it eliminates reinvestment risk for that period. A buyer who locks in 5.75% today does not need to worry about what happens to rates in years 2 through 7 — that rate is guaranteed. That can be a real benefit if rates fall, though it works the other way if rates rise significantly.
Liquidity and Surrender Schedule
After the first contract anniversary, up to 10% of contract value can be withdrawn annually without charges. The 7-year surrender schedule for excess withdrawals is: 9%, 9%, 8%, 7%, 6%, 5%, 4%, then 0%. Note that years one and two both carry 9% charges. An MVA also applies to excess withdrawals during the charge period. RMDs are available 30 days after issue. The nursing home and terminal illness waivers apply after the first anniversary.
Fees and Tradeoffs
No annual contract fees. No rider fees. No M&E charges. The only tradeoff is the commitment period and the surrender charge structure during the 7 years. The 9% charge in years one and two is steeper than the other Advisory MYGA durations at the same point in time, and should be factored into the decision carefully.
Product snapshot
| Feature | Details |
|---|---|
| Product type | Multi-Year Guaranteed Annuity (MYGA) |
| Guarantee period | 7 years |
| Issue ages | 18–90 |
| Minimum premium | $25,000 |
| Maximum premium | $2,000,000 |
| Current rate | 5.60% / 5.75% (under / at or above $100K) |
| Minimum guaranteed rate | 3.00% after initial guarantee period |
| Free withdrawal | Up to 10% of contract value after year one |
| Surrender schedule | 9% / 9% / 8% / 7% / 6% / 5% / 4% / 0% |
| Market value adjustment | Yes, on excess withdrawals during the charge period |
| Death benefit | Full contract value, no surrender charges or MVA |
| RMD treatment | Available after 30 days |
| Nursing home waiver | Available after first anniversary |
| Terminal illness waiver | Available after first anniversary |
| Plan types | NQ, Roth IRA, SEP IRA, SIMPLE IRA, 403(b), 457(b), Traditional IRA |
| Distribution channel | RIA channel via DPL Financial Partners only |
| State availability | Not available in NC or NY |
Carrier snapshot
Aspida Life Insurance Company: A- (Excellent) from AM Best, A- from KBRA. Founded 2020, Durham, NC. Backed by Ares Management Corporation with approximately $546 billion in AUM. Licensed in 49 states and DC, excluding New York.
Final take
The 7-Year Advisory MYGA offers the best rate in the Advisory series and earns its place at the top of the lineup. For an RIA client who can genuinely commit 7 years of capital to a guaranteed rate, this product delivers what it promises. The main discipline required is honest self-assessment about whether 7 years is truly appropriate for the money being committed. For buyers who pass that test, the rate is compelling.