A MYGA works like a CD from an insurance company: one guaranteed rate for 3, 5, 7 or 10 years, with tax-deferred growth. Request today's rates and compare carriers.
Your rate is set for the whole term. No market risk and no surprises.
You don't pay tax on the interest until you take it out, so it compounds faster.
Choose a term from 2 to 10 years, often with 10% free withdrawals each year.
A multi-year guaranteed annuity (MYGA) pays a fixed interest rate for a set number of years. When the term ends you can renew, move to another annuity, or take your money.
MYGA rates change with interest rates and vary between carriers, so shopping several companies matters. We compare A-rated carriers and show you the guaranteed rate, term, free-withdrawal rules and surrender schedule side by side.
Enter a deposit and a guaranteed rate to see how a multi-year guaranteed annuity could grow tax-deferred. Use a rate from a real quote; ask us for today's rates.
3, 5, 7 or 10 years, whatever fits your plans.
We compare A-rated carriers for your deposit and state.
Your guaranteed rate is locked for the full term.
How to turn savings into a steady, protected retirement paycheck, in plain English. Download it free, then book a no-pressure 15-minute call if you'd like to see your own numbers.
A multi-year guaranteed annuity is a fixed annuity that guarantees one interest rate for a set term, such as 3, 5 or 7 years.
MYGA rates are often competitive with or higher than CDs for similar terms, and the interest grows tax-deferred. Rates change, so compare current offers.
MYGAs are backed by the issuing insurance company's claims-paying ability and state guaranty associations, up to state limits. We work with A-rated carriers.
Most MYGAs allow about 10% free withdrawals per year. Larger early withdrawals can have surrender charges.
