Why it earned this rating
Our assessment
The Synergy Choice MYGA 3-Year offers a competitive rate at 4.40% to 4.55% for a 3-year MYGA but requires buyers to understand the structural omissions. For buyers in the Market Synergy Group channel who can hold the full term, this is a rate-competitive option.
The short version
For a Market Synergy Group buyer who has a genuine 3-year capital commitment and does not require emergency waiver provisions, the Synergy Choice MYGA 3-Year offers a competitive rate in a clean contract structure. Buyers who want waivers or for whom free withdrawal access is important should compare the WealthLock MYGA or Advisory MYGA 3-Year.
Key facts
The full review
Is Aspida Synergy Choice MYGA 3-Year a Good Annuity?
Yes, for buyers who understand the contract structure and can commit 3 years without needing emergency access. The rate of 4.55% at the high band is competitive, and the carrier is credible. Buyers who want waiver coverage should look at the WealthLock or Advisory MYGA instead.
Why Someone Would Buy This Annuity
A competitive 3-year guaranteed rate through an existing Market Synergy Group agent relationship. For buyers who have capital committed for 3 years and do not anticipate needing emergency access, the Synergy Choice MYGA 3-Year delivers a higher base rate than the WealthLock MYGA 3-Year (4.20% to 4.35%) and is competitive with the Advisory MYGA 3-Year (4.65% to 4.80%) — particularly when accounting for the rider cost difference.
Who This Annuity Is Best For
An independent agent channel buyer in their 50s or 60s with a genuine 3-year capital commitment, working through a Market Synergy Group relationship, and either comfortable without emergency waiver access or young enough that such provisions are less of a practical concern. Less appropriate for buyers in their 70s who may face health changes over 3 years, and for buyers who want standard emergency access provisions without giving up rate.
What You're Really Buying Here
A 3-year guaranteed rate with daily compounding, tax deferral, principal protection, and a death benefit paying full contract value outside probate. No standard free withdrawal provision and no emergency access waivers on the base contract.
How the Core Feature Works
The rate of 4.55% (at or above $100K) or 4.40% (below $100K) is locked for 3 full years. After 3 years, the rate resets but never falls below 3.00%. If the optional 10% free withdrawal rider is added at issue, the credited rate is reduced by 0.20%, yielding an effective rate of 4.35% (under $100K) / 4.50% (at or above $100K) — still competitive.
Why the Secondary Feature Matters
Principal protection ensures no loss of principal or credited interest regardless of market performance. Tax deferral provides efficiency on non-qualified assets. The death benefit structure provides clean beneficiary transfer without probate. For 3-year buyers focused on accumulation without income rider complexity, these are the primary structural benefits.
Liquidity and Surrender Schedule
Base contract: no free withdrawal provision. Excess withdrawals subject to: 9%, 8%, 7%, then 0%, plus MVA. Optional riders at issue: (1) 10% Free Withdrawal rider (available after the first anniversary, reduces credited rate by 0.20%); (2) Free Interest Withdrawal rider (systematic interest-only withdrawals after 30 days, reduces credited rate by 0.10%). RMDs from qualified accounts are available after the first 30 days if the optional 10% withdrawal rider is elected.
Fees and Tradeoffs
No annual contract fee. No rider charges — optional riders reduce the credited rate rather than charging separately. The absence of nursing home and terminal illness waivers is the most significant structural tradeoff versus the WealthLock and Advisory MYGA products. On a pure rate basis with the 10% withdrawal rider elected, the effective rate (4.35% to 4.50%) is competitive with the WealthLock MYGA 3-Year (4.20% to 4.35%).
Product snapshot
| Feature | Details |
|---|---|
| Product type | Multi-Year Guaranteed Annuity (MYGA) |
| Guarantee period | 3 years |
| Issue ages | 18–90 |
| Minimum premium | $25,000 |
| Maximum premium | $2,000,000 |
| Current rate (base) | 4.40% / 4.55% (under / at or above $100K) |
| Minimum guaranteed rate | 3.00% |
| Free withdrawal (base) | None |
| Optional 10% withdrawal rider | Yes, at issue; reduces rate by 0.20% |
| Optional interest withdrawal | Yes, at issue; reduces rate by 0.10% |
| Surrender schedule | 9% / 8% / 7% / 0% |
| MVA | Yes, on excess withdrawals |
| Death benefit | Full contract value (no surrender charges or MVA) |
| Nursing home waiver | None |
| Terminal illness waiver | None |
| Plan types | NQ, Roth IRA, SEP IRA, SIMPLE IRA, 403(b), 457(b), Traditional IRA |
| Distribution | Independent agents via Market Synergy Group |
| State note | Not available in NC or NY |
Carrier snapshot
Aspida Life Insurance Company: A- from AM Best, A- from KBRA. Backed by Ares Management with approximately $546 billion AUM. Founded 2020, Durham, NC.
Final take
The Synergy Choice MYGA 3-Year offers a competitive rate with a functional base contract, but buyers need to go in with clear eyes about what is and is not included. The absence of emergency waivers is a real structural difference from competing products. For buyers who understand that and can genuinely commit the capital for 3 years, this is a legitimate rate-competitive option in the Market Synergy Group channel.