AmFirst Axonic Waypoint MYGA 7-Year Review (2026)
Quick take: AmFirst Axonic Waypoint MYGA 7-year pays 5.65% at $100,000+ and 5.30% at $20,000-$99,999 (effective September 10, 2026), the same as the 3-year and below the 5-year (6.00% at $100,000+), so the extra lock-up is not paid for right now.
| Term / premium band | Rate | Source, as of |
|---|---|---|
| 7-year, $100,000-$1,000,000 | 5.65% | annuityadvantage.com, effective 9/10/2026 |
| 7-year, $20,000-$99,999 | 5.30% | annuityadvantage.com, effective 9/10/2026 |
| 5-year, $100,000-$1,000,000 | 6.00% | annuityadvantage.com, effective 9/10/2026 |
| 5-year, $20,000-$99,999 | 5.65% | annuityadvantage.com, effective 9/10/2026 |
| 3-year, $100,000-$1,000,000 | 5.65% | annuityadvantage.com, effective 9/10/2026 |
| 3-year, $20,000-$99,999 | 5.30% | annuityadvantage.com, effective 9/10/2026 |
Rates are premium-banded; 10-year pays 5.60% at $100,000+ (PlanEasy, September 25, 2026). Policies are issued by AmFirst Insurance Company (AM Best A-). Rates change weekly. Other rate figures further down this page are as of June 27, 2026.
TL;DR, AmFirst Axonic Waypoint 7-Year
- 7-year rate: 5.30%-5.65% by premium band (AnnuityAdvantage, effective 9/10/2026)
- AM Best: A- (Excellent), Stable outlook
- Surrender period: 7 years, declining
- Premium vs 3-year sibling: 0 bps (5.65% vs 5.65% at $100,000+)
- Premium vs 5-year sibling: -35 bps (6.00% vs 5.65% at $100,000+)
- Best for: A-rated 7-year MYGA buyers wanting Waypoint platform
- Verdict: Clean A- 7-year. Mid-pack against A-rated competitors at the same term.
CD vs MYGA, after tax
What $100,000 earns in 7 years: CD vs MYGA, after tax
Rates used: CD 5.00%, the top nationally available 5-year CD (Bankrate, October 14, 2026); change it to the rate you are offered. MYGA 6.00%, the best A-rated rate we track as of October 13, 2026: Aspida WealthLock 7-year (AM Best A-, reaffirmed 9/18/2026), $100,000 and up, effective October 1, 2026 (Aspida rate sheet; not sold in New York).
| CD, interest taxed every year | $130,710 |
|---|---|
| MYGA, tax-deferred, before tax | $150,363 |
| MYGA after paying tax on all the interest at withdrawal | $139,283 |
| Tax deferral alone adds about | $1,548 |
| MYGA ahead of the CD, after tax | $8,573 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Rate Snapshot, June 2026
| Term | APY |
|---|---|
| 3-year | ~5.20% |
| 5-year | ~5.50% |
| 7-year | ~5.75% |
Rates per public carrier rate sheets synthesis. Rates estimated due to limited public disclosure on specific Waypoint term variants.
Term-specific mechanics, 7-year contract
Surrender schedule (7-year)
| Year | Surrender Charge |
|---|---|
| 1 | 9% |
| 2 | 8% |
| 3 | 7% |
| 4 | 6% |
| 5 | 5% |
| 6 | 4% |
| 7 | 3% |
| 8+ | 0% |
Free withdrawal terms
10% of accumulation value per contract year after year 1. RMDs penalty-free.
Market Value Adjustment (MVA)
Two-way MVA on early surrender above the 10% free band.
Minimum guaranteed rate
Typical 1.00-3.00% for A-rated MYGAs.
Rates expire like milk.
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Why the 7-year version vs other Waypoint terms
- 7-year vs 3-year: +55 bps. On $250K, ~$1,375/year extra over 4 additional years of lock.
- 7-year vs 5-year: +25 bps. Modest premium for 2 more years.
- Pick the 7-year if: you want full A-rated quality with meaningful duration premium and can hold 7 years.
What we like
- A- AM Best rating. Solid investment-grade Excellent tier.
- Duration sweet spot. 7-year captures most of the available yield premium without 10-year lock.
- Clean mechanics. No riders, no benefit base, no crediting strategies.
- RMD-friendly. RMDs are penalty-free.
- State guaranty coverage. Standard framework.
What we don't
- 5.75% is mid-pack for A- 7-year MYGAs. Canvas/Puritan at ~6.20% beats this clearly.
- Limited public renewal-rate history. AmFirst/Axonic platform is newer.
- No 10-year option as steep yield premium. If you want 10-year duration, look at other carriers.
Who this 7-year version is best for
Persona: 60-72 year old placing $50K-$300K, wants A-rated credit, comfortable with 7-year lock, prefers independent-broker service for service.
Not a fit: Buyers who want max yield (Canvas/Puritan 7-year pays more). Buyers who need 10-year duration.
vs other Waypoint terms (sibling pages)
- AmFirst Axonic Waypoint MYGA (Parent Review)
- AmFirst Axonic Waypoint 3-Year: ~5.20% (55 bps less)
vs competitor 7-year MYGAs
| Product | AM Best | 7-yr APY | Notes |
|---|---|---|---|
| AmFirst Axonic Waypoint 7 | A- | ~5.75% | This product |
| Canvas/Puritan 7 | B++ | ~6.20% | Higher A- option |
| Atlantic Coast Life Safe Harbor 7 | C+ (cut 9/22/2026) | ~6.90% | AM Best downgrade, under review; not recommended |
| Oceanview Harbourview 7 | A- | ~5.50% | Established A- |
| Ohio State Life Nex 7 | B+ | ~5.00% | Inverted curve peer |
Scoring frameworks
DBQS
Full accumulation at death. DBQS: 8/10.
IQS
No income rider. IQS: 3/10.
GPS
Fixed declared 7-year rate. GPS: 6/10.
Goldstein Complexity Index
A core part of every Goldstein review. The more complex an annuity, the worse the rating in this dimension: because complexity is where buyers get burned. Simple products (SPIAs, MYGAs) score low; products with stacked bonuses + income riders + MVA + multiple crediting strategies score high.
This product's score: 30/100, Grade A (Simple)
Pure-vanilla 7-year MYGA. Simple mechanics.
Score breakdown
| Dimension | Score | What this measures |
|---|---|---|
| Riders | 1/10 | No optional riders. |
| Crediting strategies | 1/10 | Single fixed rate. |
| Surrender complexity | 5/10 | Standard 7-year declining + MVA. |
| Benefit-base separation | 1/10 | Single accumulation value. |
| Platform clarity | 4/10 | Axonic platform / AmFirst carrier distinction. |
How to read this
- A+/A (0-40): You can understand what you bought. Low risk of mis-selling.
- B (41-60): Read the contract carefully and get a second-opinion review before signing.
- C (61-80): Many buyers don't fully understand what they own.
- D (81-100): Demands an independent producer second opinion before signing.
Frequently Asked Questions
Sources cited in this review
- public carrier rate sheets broker-channel synthesis, June 2026
- Annuity.org MYGA leaderboards
- AnnuityAdvantage rate listings
- NOLHGA state guaranty coverage
Rates estimated due to limited public disclosure on Waypoint term variants.
Related Goldstein research
- Parent Review
- Sibling: 3-Year Waypoint
- Why 5-to-7 Year MYGA Is Best for Most
- Best MYGA Rates 2026
- Renewal Rate Integrity
- DBQS Framework
My take
The AmFirst Axonic Waypoint 7-year at ~5.75% is a clean A-rated 7-year MYGA but mid-pack against A- competitors. Atlantic Coast Life Safe Harbor 7 showed a higher ~6.90%, but AM Best cut Atlantic Coast Life to C+ (Marginal) on September 22, 2026 (AM Best press release, 9/22/2026), so it is not a recommendation. Within A-rated, Canvas/Puritan 7 at ~6.20% currently leads. The Waypoint 7 is the right pick if you specifically want independent-broker service or AmFirst as your carrier.
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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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Disclosure
This review is based on the carrier's public product materials and rates as of the date shown above. Annuity rates, caps, participation rates, payout factors, and crediting methods change often, sometimes monthly. Confirm current figures in the latest carrier disclosure and the contract before you buy. This is general education, not a personal recommendation or an offer of any product. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated carriers; the producer's specific appointment status with the carrier discussed in this review may vary, and this review is not an endorsement or representation of carrier appointment. No carrier paid for this review. Always read the actual contract and consult a licensed advisor before purchasing any annuity. Past index performance does not predict future credited interest. Annuities are long-term contracts with surrender charges; they are not suitable for funds you may need before the end of the surrender period. AM Best ratings and tax treatment are subject to change.