MYGAs offer safety and attractive accumulation options.

A MYGA is a retirement savings vehicle that offers low-risk accumulation and tax benefits for those seeking higher returns than typically available on CDs or traditional savings accounts. Brokers Alliance®’s retirement investment tools and strategy tips help make selling annuities easier.

• MYGAs offer rates that are typically higher than bank CDs for similar term lengths

• Interest earned is tax-deferred

• Principal is guaranteed

• MYGAs pass to beneficiaries at death and avoid probate

The MYGA Wars are on!

While the typical bank CD or money market rate is hovering right around 3%, annuity carriers are topping those rates with their MYGA products.  Rates are changing frequently so check back often and call us today for a competitive illustration!

Years	Product	Yield to Surrender
3	ATLANTIC COAST LIFE Safe Haven 3	5.90%
4	NASSAU LIFE AND ANNUITY COMPANY Nassau Simple Annuity 4	5.50%
5	FARMERS LIFE INSURANCE COMPANY Farmers Safeguard Plus 5	5.80%
6	NASSAU LIFE AND ANNUITY COMPANY Nassau Simple Annuity 6	5.75%
7	NASSAU LIFE AND ANNUITY COMPANY Nassau MYAnnuity 7X 0% Free	5.80%
8	EQUITRUST LIFE INSURANCE COMPANY Certainty Select 8	5.50%
9	ROYAL NEIGHBORS OF AMERICA MYGA 9 Year CA	5.45%
10	EQUITRUST LIFE INSURANCE COMPANY Certainty Select 10	5.60%
		*updated 3/01/2024

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Frequently Asked Questions

What is a multi-year guaranteed annuity?

A multi-year guaranteed annuity, or MYGA, is a fixed annuity that pays a guaranteed interest rate for a set number of years, with a surrender period that matches the term. It is the cleanest certificate-of-deposit alternative in the annuity world, offering tax-deferred growth at a known rate.

How is a MYGA different from a fixed indexed annuity?

A MYGA pays a fixed, guaranteed rate for a defined term. A fixed indexed annuity ties interest to a market index with a floor and a cap, so its credited rate varies. The MYGA solves for rate certainty; the FIA solves for index-linked growth potential.

Who is a good fit for a MYGA?

A MYGA fits the conservative client who wants a guaranteed rate, tax deferral, and principal protection, often money sitting in a low-yield bank product or a maturing CD. The client should be comfortable leaving the funds untouched for the length of the surrender term.

Does Brokers Alliance charge agents a fee to sell MYGAs?

No. There is no contracting fee, no platform fee, and no monthly cost. Brokers Alliance shops rates across a deep carrier lineup so an agent can show the strongest available term, and it is compensated by the carriers, not the agent.