Tag: fixed annuity
Video Guide to MYGAs
If you have 15 minutes and you’re interested in a MYGA 101 course, you’ve come to the right place. The above video dives into the following topics regarding MYGAs: 1. What is a MYGA? To start, the video defines MYGA: a multi-year guaranteed annuity. Specifically, it’s a type of fixed annuity with a guaranteed interest
…read more »Limited-Time High Interest Rate MYGA
What is a limited-time high interest rate MYGA? From time to time, an insurance company will have special limited-time offer for a Multi-Year Guaranteed Annuity (MYGA) with a higher interest rate. For example, we were notified by one of our carriers that, beginning June 6, they are offering a MYGA with a 3.15%* interest rate. It’s a 5
…read more »What is a Multi-Year Guaranteed Annuity or MYGA?
A popular type of annuity is called a Multi-Year Guaranteed Annuity, or MYGA. Below we’ll explore the question “What is a MYGA?” and give examples of when it’s appropriate to use a MYGA as a savings vehicle. What Does MYGA Stand for? MYGA stands for “Multi-Year Guaranteed Annuity.” It is a fixed annuity, meaning it has a fixed interest
…read more »What is a Multi-Year Guaranteed Annuity (MYGA)?
There are many different types of annuities. One popular type of annuity is called a Multi-Year Guaranteed Annuity, or MYGA. In this post we answer the question “What is a MYGA?” and we will try to show when it is appropriate to use a MYGA as a savings vehicle. View current MYGA Rates here>>
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