A guaranteed rate for a guaranteed period. The CD alternative.
A MYGA works like a CD from an insurance company — you lock in a fixed interest rate for a set number of years (3, 5, 7, or 10). Your principal is protected, your rate is guaranteed, and your growth is tax-deferred. Simple, predictable, and often higher rates than bank CDs.
Multi-Year Guaranteed Annuities (MYGA) — the essentials.
Is multi-year guaranteed annuities (myga) right for you?
- Business owners with cash reserves earning little in a bank account
- Anyone who wants a guaranteed rate without market risk
- Pre-retirees building a bond-like foundation for their portfolio
- People who just sold a business and need a safe place for the proceeds
If you're sitting on cash reserves or have proceeds from a business sale, a MYGA lets you lock in a competitive rate with tax-deferred growth. It's a low-risk place to park capital while you plan your next move — without the market exposure of equities or the low yields of savings accounts.
When it works — and when it doesn't.
We're a fiduciary. That means we tell you when a product isn't right for you.
● When it makes sense
- You want a guaranteed return with zero market risk
- You don't need the money for 3–10 years
- You're in a high tax bracket and want tax-deferred growth
- You want to diversify away from stocks as you approach retirement
● When it doesn't
- You need liquidity — MYGAs have surrender periods
- You want growth potential beyond a fixed rate
- You're young with decades to invest — equities will likely outperform
- You're in a low tax bracket — the tax deferral adds less value
What you're probably wondering.
How is a MYGA different from a bank CD? +
What happens when the MYGA term ends? +
Are MYGAs safe? +
Can I access my money during the term? +
See how this applies to your industry.
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