What is a Multi-Year Guarantee Annuity (MYGA)?

January 29, 2020 by The Annuity Man

How can people say that they “hate annuities” and love CDs at the same time?  Short answer is they can’t.  Multi-Year Guarantee Annuities (MYGAs) are the annuity industry’s version of a CD (Certificate of Deposit).  Both guarantee an annual interest rate for a specific period of time that you choose.  Both have no annual fees, and both fully protect your principal.  It’s truly an “apples to apples” comparison.

Click HERE to read the full story via The Street

Originally Posted at The Street on January 28, 2020 by The Annuity Man.