Anthony The Flood Guy

Annuities

MYGA

A MYGA (Multi-Year Guaranteed Annuity) is a type of fixed annuity designed for secure, tax-deferred, long-term savings. Often called the insurance industry’s version of a Certificate of Deposit (CD), a MYGA allows you to lock in a specific interest rate for a set number of years, typically ranging from 2 to 10 years.

Who Should Buy a MYGA?

MYGAs are ideal for conservative investors, retirees, or people looking to park cash for 3–10 years while ensuring the principal is safe. They are often used to balance a portfolio by providing a safe, predictable return in retirement planning.

Comparison chart showing annuities with exponential growth and CDs with steady growth over time, listing features of annuities and CDs
This chart compares the growth potential of annuities and CDs over time, highlighting key features of each.
Anthony Sellitti
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