What is a MYGA?
A Multi-Year Guaranteed Annuity (MYGA) works similarly to a bank CD—but often offers higher guaranteed interest rates and tax-deferred growth.
Instead of renewing annually, your rate remains locked for a specified period, commonly three to ten years.
Benefits of a MYGA
- Guaranteed interest rate
- Principal protection
- Tax-deferred earnings
- No annual rate changes during the guarantee period
- Predictable retirement planning
MYGA vs. CD
Compared with traditional CDs, MYGAs may offer:
Higher interest rates
Tax-deferred compounding
Insurance company guarantees
Flexible retirement income options
Who Should Consider a MYGA?
MYGAs work well for:
Retirees
Conservative savers
Investors wanting predictable returns
Individuals rolling over IRA or 401(k) funds
Why Choose AtHeart Annuities?
We compare top insurance companies to help you secure competitive guaranteed rates without the guesswork.