Fixed Annuity
An annuity that credits a guaranteed interest rate set by the carrier. The rate may be guaranteed for one year (traditional fixed) or for a multi-year term (MYGA).
Example
A MYGA paying 5.5% per year guaranteed for 5 years.
An annuity that credits a guaranteed interest rate set by the carrier. The rate may be guaranteed for one year (traditional fixed) or for a multi-year term (MYGA).
A MYGA paying 5.5% per year guaranteed for 5 years.