Multi Year Guarantee Annuities (MYGAs)

Fixed Rate Annuities are also called Multi Year Guarantee Annuities (MYGAs) and offer a contractually guaranteed annual yield for a specific period of time. Fixed Rate Annuities are offered with lock in periods as short as 3 years and typically as long as 10 years. These MYGA fixed rate strategies have no annual fees, and the commission to the agent is built into the product.