Announcing The New Diamond Head Annuity – Multi-Year Guaranteed Annuity from Pacific Guardian Life

For agent use only. Not for use with consumers. Certain exclusions and limitations may apply. All products are not available in all areas.
Diamond Head Annuity Multi-Year Guaranteed Annuity

Pacific Guardian Life - Diamond Head AnnuityPacific Guardian Life (PGL) is a life company headquartered in Honolulu, Hawaii. The company was founded in 1961, but its history goes back to the 1947 start of Hawaiian Life Insurance Company, which PGL acquired in 1991.

PGL is a wholly owned subsidiary of Meiji Yasuda Life Insurance Company (MYL), which was formed through the merger of companies established in the 1880s. MYL is one of Japan’s top five life insurers with approximately in $385 billion in assets and over six million policyholders.

To learn about all the features and benefits of the Diamond Head Annuity, Fill out the form on this page.

Agent Request Form - Diamond Head Annuity

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Rated “A” (Excellent) by A.M. Best CompanyRating: A (Excellent) which is 3rd highest of 13 possible ratings. According to A.M. Best, “The ratings of Pacific Guardian Life reflect its balance sheet strength, which AM Best categorizes as strongest, as well as adequate operating performance, limited business profile and appropriate ERM.”

Standard & Poor's - A/Stable RatingRating: A/Stable where A is the 3rd highest of 10 possible ratings. According to Standard & Poor’s, “The stable outlook reflects expectations that the company will maintain a satisfactory business risk profile and moderately strong financial risk profile, while meeting company-specific assumptions. We also expect it to maintain capital adequacy at the ‘AAA’ confidence level, per our risk-based capital model.”

Diamond Head Annuity Product Features and Benefits

Play Type:                                   Multi Year Guaranteed Annuity Series. Single Premium
Guarantee Periods:                  3 to 10 years
Issue Ages:                                 18 – 85
Premium Amount:                   $10,000 – $1,000,000 Non-Qualified or Qualified

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Crediting Rate

The Diamond Head Annuity offers interest rates for the duration of the selected Guarantee Period. The Initial rate is locked-in at issue. Interest is credited daily. At the end of your Guarantee Period, we will contact you and provide a 30-day window to select a new guarantee interest rate. You will also have the option of surrendering all or portion of your account value. Or, you may do nothing and your funds will automatically roll into another guarantee period at the then current credited rates. Fill out the form to receive the Current Rates Link to contact form page or section

Penalty Free Withdrawals

10% of the contract value may be withdrawn each year without surrender charge including year one. Penalty-Free Interest and RMD Withdrawals are available in the first year any time after the free look period. Withdrawals in excess of the penalty-fee withdrawal limit will incur surrender charges; however, the “Life Events Rider” offers an additional opportunity for a penalty free withdrawal.

Life Events Rider

The Diamond Head Annuity offers an additional withdrawal of up to 10% of the contract’s value. For any reason without incurring a surrender charge. This rider is offered at no additional cost, is available starting in the second contract year, and can be exercised only once during the life of the contract.

Systematic Withdrawals

Regular disbursements from the contract value are available, as either a fixed amount per period (monthly, quarterly, or annually) or interest only payments where the original principal remains Untouched. These can be arranged at any time. Any disbursements in excess of penalty free. Withdrawal limit will incur a surrender charge. The exception to this is the RMDs which are never Subject to surrender charges (but do count toward the 10% penalty free withdrawal limit).

Surrender Charges

A withdrawal or surrender that exceeds the free withdrawal amount will incur a surrender charge if taken during the surrender charge term. If your annuity renews for a new guarantee period the surrender charge schedule will reset.

Surrender Charge Schedule

Diamond Head Annuity - Surrender Charge Schedule

Market Value Adjustment

None. The benefits available on surrender or withdrawal will never be affected by changes in interest rates. This product guarantees a fixed rate, regardless of market changes.

Death Benefit – Full Accumulation Value or Spousal Continuation.

The Life and Annuity Shop, LLC. does not collect personal information from our users other than what is supplied to us on a voluntary basis. Users of may voluntarily supply certain personal information in correlation with our web site registration, e-mail newsletter and other requests for information.  The Life and Annuity Shop, LLC. may use such information for conducting the activities stated above, for internal marketing and promotional purposes. If the user does not want this information collected and used by us for the disclosed purposes, the user should “opt-out” and not provide the information. Furthermore, by voluntarily supplying certain personal information such as, but not, limited to telephone numbers, telephone facsimile numbers and e-mail addresses you are giving express invitation and permission to The Life and Annuity Shop, LLC. to communicate with you via, but not, limited to, telephone, telephone facsimile machine, computer, or other any device which has the capacity to transcribe text or images (or both) from an electronic signal received over a regular telephone line onto paper. I certify that I am currently a duly licensed insurance agent in at least one state.  By submitting the form you understand and agree with the information usage policy explained.