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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 8/3/2020

3 Year MYGA2.60%
5 Year MYGA3.45%
7 Year MYGA3.50%
10 Year MYGA3.60%
15 Year MYGA3.65%
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FROM OUR BLOG

Long-term Care and the COVID-19 Crisis

As the COVID-19 pandemic continues to surge around the county, many Americans are looking into long-term care options and are … Continued

Required Minimum Distributions Waived for 2020 – What to Do Next

The CARES Act, or The Coronavirus Aid, Relief, and Economic Security Act, has waived RMDs for 2020, but beginning in … Continued

Product Alert: Harbourview MYGA 3

Act Fast: The Harbourview 3-Year Fixed Annuity is Dropping from 3% to 2.5% on 7/28. If you’re interested in a … 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, Licensed Professional

ARTICLES & GUIDES

Bucking the Herd, One Annuity Purveyor is Temporarily Offering Generous Rates on a Seven-Year MYGA

Product Review: Sammons LiveWell Guarantee Annuity

Bucking the Herd, One Annuity Purveyor is Temporarily Offering Extremely Generous Rates on a Seven-Year MYGA ...
If you’re in the stock market, is it time to lower your risk and protect your gains by turning to less risky financial vehicles? Is the next recession on the horizon?

As Recession Fears Rise, is it Time to Lower Your Risk and Protect Gains?

Should investors with significant stock market exposure lower their risk and protect their gains? In large part, it depends upon your risk tolerance, as well as your age. Bear markets typically accompany recessions and can be particularly painful for retirees, most of whom no longer earn a paycheck. On the other hand, sound stock market investing is a long-term game...
The bottom line is this: Interest rates that have been pretty good are now very good and are more and more likely to stay this way for some time. So assuming that they will not be trimmed by insurance companies, Atlantic Coast Life MYGAs and others paying highly competitive rates today are extremely attractive.

Product Review:
Atlantic Coast Life Safe Haven

The Atlantic Coast Life Safe Haven's payout rate (up to 4.19%) is the best available. Guaranteed, short terms, no fees. The bottom line is this: Interest rates that have been pretty good are now very good. Assuming that they will not be trimmed by insurance companies, Atlantic Coast Life MYGAs, and others paying highly competitive rates today, are extremely attractive...
 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
2020-06-29
     
With your reviews you should provide illustrations to enable a better understanding of the product
2020-06-24
     
please give me only fixed annuity rates
2020-06-24
     
Brian is excellent at explaining the complexities of annuities. Straightforward honest advice.\n
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