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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.

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TOP RATES as of 6/24/2019

3 Year MYGA 3.20%
5 Year MYGA 4.10%
7 Year MYGA 4.19%
10 Year MYGA 4.30%
15 Year MYGA 2.95%
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FROM OUR BLOG

Jackson National Launches New MYGA

Wink’s Sales and Market Report for the first quarter of 2019 shows that the sales of multi-year guaranteed annuities (MYGAs) … Continued

1st Quarter Annuity Sales Released

First quarter 2019 annuity sales figures were recently released with fixed and variable annuity sales hitting $57.8 billion combined. According … Continued

SEC’s New Best Interest Standard Met With Mixed Reviews

Earlier this week, the U.S. Securities and Exchange Commission approved the SEC’s Regulation Best Interest: The Broker-Dealer Standard of Conduct … Continued

ADVISOR INSIGHT

"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."

Derek Stamos, Financial Advisor
Annuity FYI Expert

ARTICLES & GUIDES

 If you happened to purchase a 10-year fixed annuity a decade ago, you nabbed what turned out to be a fabulous deal. They were typically yielding 6.5% to 7% annually – not a match for historic stock market returns, but extremely impressive for a guaranteed fixed-rate investment. Alas, those contracts are now maturing, leaving investors with the decision of what to do now.

As Particularly Generous Decade-Old Fixed Annuities Mature, What Should You Do?

Many fortunate investors bought 10-year fixed annuities a decade ago, when interest rates were markedly higher as a direct result of the Great Recession ....
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...

TESTIMONIALS
2018-07-21
     
Both Derek and Andrew are both very respectful and sensitive with regard to my questions in attempting to evaluate these complex products and the fact that my investment, regardless of the amount, is not incidental.
2017-08-04
     
Very helpful. Went over and beyond to explain information.
2017-08-04
     
Very helpful. Went over and beyond to explain information.

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