Declared Rate
The interest rate the carrier credits to a fixed annuity for a defined period. On a MYGA, the declared rate is locked for the term. On a traditional fixed annuity, the carrier can change the declared rate periodically.
The interest rate the carrier credits to a fixed annuity for a defined period. On a MYGA, the declared rate is locked for the term. On a traditional fixed annuity, the carrier can change the declared rate periodically.