100 LEVEL

MYGA’s are Multi-Year Guaranteed Annuities. They are tax-deferred, and are typically purchased with a single premium.

Growth is the focus of this annuity. MYGA’s earn a fixed rate over a multi-year time horizon. The interest rate will be specified upfront and will vary based on:

  • the amount you’re investing;

  • your investment horizon;

  • the insurance company’s credit rating; and

  • market conditions at the time of purchase

ADVANTAGES

Can be purchased with qualified (pre-tax) or non-qualified (post-tax) funds

Interest compounds tax-deferred until it is withdrawn

Contractually guaranteed* rate and account value for the future

 

* Guarantees, including optional benefits, are backed by the claims-paying ability of the issuer, and may contain limitations, including surrender charges, which may affect policy values.

DRAWBACKS

Lack of liquidity during the defined contract period

Surrender values can be high if you want all of your money back before the term ends

Some guarantee* periods don’t match up with the surrender periods

 

* Guarantees, including optional benefits, are backed by the claims-paying ability of the issuer, and may contain limitations, including surrender charges, which may affect policy values.

CONTACT

ANNUITY CAMPUS