What is a Fixed Annuity?

Multi-year guarantee annuity is a term used to describe a fixed annuity that has an interest rate guarantee for the same period of time as its surrender period. For example, an annuity with a guaranteed interest rate of 5% per year for five years, where there are no surrender penalties after five years. Some offer a higher rate the first year, and a lower, but guaranteed rate, for all subsequent years of the surrender period – e.g. 8.5% first year, with a guaranteed renewal at 4% for years 2-5 for a blended average of 4.88% per year for five years. The key feature is that you know what interest rate you get for the entire surrender period, and for this reason we ONLY recommend multi-year guarantee annuities.


CompanyProduct Name

protectivePro Saver Platinum 15
sslicPersonal Choice Annuity 10
libertyBankers Elite 9
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10 Important Truths About Fixed Indexed Annuities

Fixed indexed annuities have been steadily increasing in sales recently. While they don’t make up the largest portion of annuity sales, they are quickly gaining ground on variable annuities and now make up more than half of all total fixed...

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Make Sure Your Annuity Benefits Are Guaranteed

Annuities are purchased for many reasons, the most common of which should be the guarantees they offer.  Stan “The Annuity Man” Haithcock believes that guarantees should be the only reason that you purchase an annuity product. In his...

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Fixed Indexed Annuities Can Offer Financial Security

In a recent article for The Market Mogul, Benjamin Votroubek explained “Why the Annuity Provides (a) Secure Retirement.” For the past five years, stock market returns have been good and people who invested back then are happy with their...

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“Fixed annuities are often overlooked due to bells and whistles associated with indexed annuities. A Multi Year Guaranteed Annuity (MYGAs) pays a constant and guaranteed rate of interest each year during the selected period. The investor can spend the interest as income or allow it to compound inside the contract in a tax deferred basis. The simplicity and predictable outcome allows for many different uses including RMD distributions, wealth transfer and accumulation. As with any annuity contract it is important to understand the differences between the products. The most common mistake is taking the highest interest rate without factoring the liquidity provisions and duration of commitment.”

David Smith, Financial Advisor

Annuity FYI Expert


Annuity Warning #4: Fixed Annuity Rates

Annuity Warning #4: Fixed Annuity Rates

Typically, an annuity company will give you a particular rate up front on a fixed annuity, and then decrease…

Fixed Tax Deferred Annuities

Fixed Tax Deferred Annuities

Fixed tax deferred annuities are invested primarily in government securities and high-grade corporate bonds…

5/5 Stars

Dear Sirs,

This brief note is intended to express my sincere appreciation for the time and effort your Mr. Dave Smith extended me this afternoon when I called to inquire about an annuity product offering.

Too often I exit such conversations quite unimpressed, questioning myself as to whether the representative was more interested in pushing the product offering with the highest commissions and fees rather than the product that is the best fit for me. And too often the sales approach is ‘Ready, Fire’, with the ‘Aim’ element of the ‘Ready, Aim, Fire’ protocol being ignored.

I’ve finished many similar conversations wondering (i) if I didn’t already know about as much as the sales rep, or (ii) perhaps the sales rep chose to be intentionally vague in order that I might not learn anything additional regarding the annuity product(s).
Dave was just ever so helpful and knowledgeable, and most important to me – forthright. Perhaps for the first time, I’ve exited an ‘annuity’ conversation with the name and face of an individual who I believe will do his very best to guide me in developing an annuity strategy that is the optimum for my personal situation.

My very highest complements indeed.