MYGA WARS: The Rise of Market Rates
May 23, 2019
While the typical bank CD or money market rate is hovering right around 3%, annuity carriers are topping those rates with their MYGA products. That’s why we offer alternatives, such as MYGAs, from annuity carriers. Carriers have been revitalizing their MYGA products all year, so you’ll want to stay up-to-date on the best rates.
MYGAs can not only offer higher rates, but also a plethora of additional benefits including:
- Tax-deferred earned interest
- Guaranteed principal
- MYGAs pass to beneficiaries at death and avoid probate
Right now, we currently have a carrier that has just increased it’s payout for their 5 year MYGA. With this MYGA, clients can expect a 4.0% rate of return. That rate will be tough for other MYGA options to beat at the moment. View the best rates and request a competitive illustration from one of our representatives here!
Want more information?Please give us a call at 480.296.0169 and ask to speak with an Agent Relationship Manager.
