Multi-Year Guarantee 
Annuities (MYGAs)

 

Our Multi-Year Guarantee Annuities (MYGAs) offer the growth and liquidity to meet your retirement savings needs.

RETIREMENT REALITIES

Outliving Savings

Almost half of Americans report that outliving their savings is their greatest retirement concern.1 Funding retirement remains one of the biggest economic and social challenges facing the world in the 21st century.2

Increasing Longevity

Global average life expectancy increased by 5.5 years between 2000 and 2016, the fastest increase since the 1960s.3

Interest Rate Environment

According to a 2019 FDIC report, the national interest rate on savings accounts hovered around 0.09% APY.4 In addition, the average interest rate for 5-year CDs fell from 1.48% to 1.14% in 2019 alone.5

 

MYGA BENEFITS

 

Guaranteed Interest Rates

Your premium starts earning interest immediately based on our competitive, guaranteed interest rate.

 

Tax-Deferred Growth

You only pay income tax when you begin taking withdrawals.

 

Access Your Money

Beginning the first year, you may withdraw up to 15% of your annuity value free of charge, depending on the annuity product chosen.

 

 

Leave a Legacy

Leave a legacy for your beneficiaries and avoid probate. In the event of your death, and depending on the annuity product chosen, your beneficiaries will receive your full annuity value.

 

Choose Your Guarantee Period

Choose a guarantee period that fits your financial needs and goals. Our MYGA annuities offer a range of guarantee periods from 3 to 7 years.

 

No Administrative Fees or Charges

There are no set-up or administrative charges. Your single premium accumulates interest immediately when the contract begins.

 

 

THE POWER OF TAX DEFFERAL

Interest earned on your annuity grows on a tax-deferred basis. As a result, your premium and interest go to work for you immediately. You don’t pay taxes on growth until you withdraw the money.


The values shown are for example only and assume that interest is credited daily and that earnings from the taxable account are taxed annually at 28%.

 

 

Sources for statistics: 1White paper “Investing in (and for) Our Future”, World Economic Forum, June 2019. 2Retirement Readiness Survey, Aegon Center for Longevity Transamerica Center for Retirement Studies and Instituto de Longevidade Mongeral, May 2019. 3Global Health Observatory data, World Health Organization. 4Average Percentage Yield (APY) is the real rate of return on a savings deposit. 5Historical CD Interest Rates: 1984-2020, Bankrate.com, January 2020