MYGA

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Fixed-Rate Annuities (MYGA)

A Fixed-Rate Annuity (also called a Multi-Year Guarantee Annuity or MYGA) is the simplest type of annuity – it works just like a CD from your bank, but typically offers higher guaranteed rates. You pick a term length, lock in your rate, and know exactly what you’ll earn.

Key Features:

  • Can be structured in a “ladder” like CDs
  • Guaranteed fixed interest rate for your entire term
  • Terms available from 1-10 years
  • Your principal is 100% protected
  • No annual fees
  • Tax-deferred growth outside of IRAs
  • No complex features or market components

Are you curious how annuities might work for you?