Multi-Year Guaranteed Annuity
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 |
SENTINEL SECURITY LIFE INSURANCE COMPANY
Personal Choice Annuity 3
|
5.40% |
| 4 |
OXFORD LIFE INSURANCE COMPANY
Multi-Select 4
|
5.05% |
| 5 |
FARMERS LIFE INSURANCE COMPANY
Farmers Safeguard Plus 5
|
5.50% |
| 6 |
ATLANTIC COAST LIFE
Safe Haven 6
|
5.42% |
| 7 |
SENTINEL SECURITY LIFE INSURANCE COMPANY
Personal Choice Annuity 7
|
5.45% |
| 8 |
AMERICAN NATIONAL INSURANCE COMPANY
Palladium MYG Annuity 8
|
5.45% |
| 9 |
AMERICAN NATIONAL INSURANCE COMPANY
Palladium MYG Annuity 9
|
5.45% |
| 10 |
EQUITRUST LIFE INSURANCE COMPANY
Certainty Select 10
|
5.40% |
| *updated 07/03//2023 |