Multi-Year Guaranteed Annuity

Bank CD

Multi-Year Guaranteed Annuity

Multi-Year Guaranteed Annuity

Usually Short-Term Duration (Less than 5 years)
Interest is Taxed even though income is not taken
Interest Rate is Generally lower than MYGA Rates
FDIC Insurance Up to $250,000
Probate is Required to Pass to Beneficiaries (If beneficiary is not selected)

Multi-Year Guaranteed Annuity

Multi-Year Guaranteed Annuity

Multi-Year Guaranteed Annuity

Typically 2-5 years - (Can be up to 10yrs or longer)
Taxes Deferred Until Money is Withdrawn
Interest Rate is Generally Higher than Bank CD Rates
Legal Reserve System by State Insurance
Value of MYGA will avoid probate (will pass directly to beneficiaries)