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MYGA

Multi-Year Guarantee Annuities (MYGAs) are also called fixed-rate annuities and are a specific annuity product type that functions similarly to a Certificate of Deposit.

SPIA

SPIAs have been sold in the United States for hundreds of years and are still the best personal pension plan for lifetime income if you need those payments to start immediately.

DIA

Deferred Income Annuities are also referred to as “Longevity Annuities” or “Longevity Insurance” because it contractually solves for the fear that you could run out of money.

QLAC

Qualified Longevity Annuity Contracts (QLAC) can only be used in qualified retirement plans like your Traditional IRA.

Income Rider

An Income Rider is an attached benefit to indexed annuities or variable annuities that provides a lifetime income stream starting at a future date of your choice.