| Video Library |
| All About Annuities |
Multi Year Guarantee Annuities (MYGA) or CD Type Annuity
A MYGA is an annuity issued with a guaranteed interest rate period which is equal to the length of time that surrender charges last.
| 5 Year MYGA |
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
| Interest Rate | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |
| Surrender Charges | 5.00% | 4.00% | 3.00% | 2.00% | 1.00% | None |
A MYGA as show above has an Interest Rate Guarantee Period of 5 Years, the guaranteed
interest rate for each year is 5.00%, and is guaranteed not to change for the length of the contract.
Withdrawal Provision is a feature of almost all MYGA's. This provision allows you to withdraw a percentage of your account value or your initial premium each policy year. For example if this MYGA had a 10% Free Withdrawal Provision at the end of each year you could withdraw up to 10% of your account value. For example: any money withdrawn in the third year over the 10% Free Withdrawal Provision would be subject to a 3.00% penalty.
Withdrawal of any funds prior to age of 59 1/2 are subject to an IRS Penalty of 10% of the funds withdrawn. This is in addition to any penalties incurred as part of the annuity contract.
List of MYGA Products that We Track
| Allianz Life | |
|
Dominator Plus 10 Dominator Plus 5 Dominator Select 1 Dominator Select 2 Dominator Select 3 |
|
| Allianz Life of NY | |
|
Dominator Annuity 10 Dominator Annuity 5 Power 5 Annuity |
|
| Allstate Life Insurance Company | |
|
Allstate® ChoiceRate Annuity 10 Allstate® ChoiceRate Annuity 5 Allstate® ChoiceRate Annuity 7 |
|
| American Equity Investment Life Insurance Company | |
|
Guarantee 5 (SPDA-MYGA) Guarantee 5 (SPDA-MYGA) MVA Guarantee 7 (SPDA-MYGA) Guarantee 7 (SPDA-MYGA) MVA |
|
| American General Life Insurance Company | |
|
AG Horizon Achiever AG Horizon Choice 10 AG Horizon Choice 9 AG HorizonSecure 5 AG HorizonSecure 7 AG HorizonSelect 10 AG HorizonSelect 5 AG HorizonSelect 7 |
|
| American National Insurance Company | |
|
Palladium MYG Annuity 10 Palladium MYG Annuity 3 Palladium MYG Annuity 4 Palladium MYG Annuity 5 Palladium MYG Annuity 6 Palladium MYG Annuity 7 Palladium MYG Annuity 8 Palladium MYG Annuity 9 |
|
| American National Life Insurance Company of NY | |
|
Palladium MYG 10 Palladium MYG 3 Palladium MYG 4 Palladium MYG 5 Palladium MYG 6 Palladium MYG 7 |
|
| Americo | |
|
Platinum Assure 5 |
|
| Assurity Life | |
|
Secure 3 Secure 5 Secure 7 |
|
| Aviva Life and Annuity Company of New York | |
|
Freedom 3 Freedom 5 Freedom 7 Freedom Plus |
|
| CUNA Mutual | |
|
Members Focus Fixed Annuity 6 Members Select Fixed Annuity II 10-Year Members Select Fixed Annuity II 10-Year (No MVA) Members Select Fixed Annuity II 5-Year Members Select Fixed Annuity II 7-Year Members Select Fixed Annuity II 7-Year (No MVA) |
|
| Dearborn National | |
|
Destination Fortifier 6 Destination Fortifier 7 Destination Fortifier 8 Destination Fortifier 9 |
|
| EquiTrust Life Insurance Company | |
|
Certainty 10 Certainty 5 Certainty 6 Certainty 8 Certainty Select 10 Certainty Select 5 Certainty Select 6 Certainty Select 8 |
|
| First SunAmerica | |
|
FSA Flex 5 FSA Flex 7 FSA Security Builder 5 (Step Up) FSA Security Builder 5 MVA |
|
| First Symetra Nat’l Life Ins Co of NY | |
|
First Symetra Custom 7 First Symetra Custom 7 (ROP) First Symetra Select |
|
| Genworth Life and Annuity Insurance Co | |
|
SecureLiving Rate Saver 5 SecureLiving Rate Saver 7 |
|
| Great American Life Insurance Company | |
|
American Freedom Stars and Stripes 5 American Freedom Stars and Stripes Non-MVA 5 |
|
| Guaranty Income Life | |
|
4 Year Choice/FourCare |
|
| Guardian Insurance & Annuity Co. | |
|
The Guardian Tradition (7-Year) The Guardian Tradition PLUS (7-Year) |
|
| Illinois Mutual | |
|
Select Advantage 10 |
|
| ING USA Annuity and Life | |
|
Guarantee Choice 7 Guaranteed Choice 10 |
|
| Integrity Life Insurance | |
|
Momentum Advantage 10 Momentum Advantage 4 Momentum Advantage 5 Momentum Advantage 7 New Momentum 10 SPDA Series II 7 |
|
| Investors Insurance (Legacy) | |
|
EnhanceMark 10 RateMark 10 RateMark 3 RateMark 5 RateMark 7 |
|
| Jackson National Life | |
|
Target Select 9 |
|
| John Hancock | |
|
JH Signature Fixed Annuity JH Signature Fixed Annuity - 3 JH Signature Fixed Annuity - 5 JH Signature Fixed Annuity - 7 |
|
| Liberty Bankers Life | |
|
Bankers 1 Bankers 3 Bankers 5 Bankers 7 Bankers Premier Bankers Premier Plus |
|
| Life of the Southwest | |
|
SureRate 2 |
|
| Lincoln Benefit Life | |
|
SureHorizon II 6 Tactician Plus 10 Tactician Plus 5 Tactician Plus 6 Tactician Plus 7 Tactician Plus 8 Tactician Plus 9 Treasury-Linked Annuity |
|
| Lincoln Financial Group | |
|
Lincoln ClassicSM 5 Lincoln ClassicSM 7 Lincoln MYGuaranteesm Plus 10 Lincoln MYGuaranteesm Plus 3 Lincoln MYGuaranteesm Plus 4 Lincoln MYGuaranteesm Plus 5 Lincoln MYGuaranteesm Plus 6 Lincoln MYGuaranteesm Plus 7 Lincoln MYGuaranteesm Plus 8 Lincoln MYGuaranteesm Plus 9 |
|
| Lincoln Life & Annuity of New York | |
|
Lincoln Classic-NY 5 Lincoln Classic-NY 7 Lincoln MYGuaranteesm Plus 10 Lincoln MYGuaranteesm Plus 3 Lincoln MYGuaranteesm Plus 4 Lincoln MYGuaranteesm Plus 5 Lincoln MYGuaranteesm Plus 6 Lincoln MYGuaranteesm Plus 7 Lincoln MYGuaranteesm Plus 8 Lincoln MYGuaranteesm Plus 9 |
|
| Midland National Life | |
|
MNL Guarantee Ultimate 10 MNL Guarantee Ultimate 4 MNL Guarantee Ultimate 5 MNL Guarantee Ultimate 6 MNL Guarantee Ultimate 7 MNL Guarantee Ultimate 8 MNL Guarantee Ultimate 9 |
|
| Minnesota Life | |
|
SecureOption Select 5-Year SecureOption Select 7-Year SecureOption Select 9-Year |
|
| National Integrity Life Insurance | |
|
Momentum Advantage 10 Momentum Advantage 4 Momentum Advantage 5 Momentum Advantage 7 New Momentum 10 New Momentum 7 |
|
| North American Company | |
|
NA Guarantee Choice 10 NA Guarantee Choice 4 NA Guarantee Choice 5 NA Guarantee Choice 6 NA Guarantee Choice 7 NA Guarantee Choice 8 NA Guarantee Choice 9 |
|
| OM Financial Life Insurance Company | |
|
OM Guarantee-Platinum 3 OM Guarantee-Platinum 5 OM Guarantee-Platinum 5 (CT,NC,OK) OM Guarantee-Platinum 7 OM Guarantee-Plus 3 OM Guarantee-Plus 5 OM Guarantee-Plus 7 |
|
| OM Financial Life Insurance Company (NY) | |
|
OMNY Guarantee-Plus 5 OMNY Guarantee-Plus 7 |
|
| Oxford Life Insurance Company | |
|
Guarantee Annuity 5 |
|
| Pacific Life | |
|
Pacific Explorer 6 Pacific Frontiers 10 Pacific Frontiers 8 Pacific Frontiers 9 Pacific Frontiers II 10-Year Pacific Frontiers II 5-Year Pacific Frontiers II 6-Year Pacific Frontiers II 7-Year Pacific Frontiers II 8-Year Pacific Frontiers II 9-Year |
|
| Phoenix Life Insurance Company | |
|
Phoenix Select Plus® 10-year Phoenix Select Plus® 7-year Phoenix Select Plus® 4-year Phoenix Select Plus® 5-year |
|
| Presidential Life | |
|
Secure 4 Secure 5 Secure 6 |
|
| Principal Financial Group | |
|
FPDA+ 7-Year Guaranty Guaranteed Annuity 5-Year Guaranty Secure Fixed Annuity 4-Year Guarantee Secure Fixed Annuity 6-Year Guarantee Select Series 3 Select Series 6 Select Series 9 |
|
| Protective Life Corporation | |
|
FutureSaver II Annuity 10 FutureSaver II Annuity 3 FutureSaver II Annuity 4 FutureSaver II Annuity 5 FutureSaver II Annuity 6 FutureSaver II Annuity 7 FutureSaver II Annuity 8 FutureSaver II Annuity 9 ProSaver Platinum 10 ProSaver Platinum 15 ProSaver Platinum 2 ProSaver Platinum 3 ProSaver Platinum 4 ProSaver Platinum 5 ProSaver Platinum 6 ProSaver Platinum 7 ProSaver Platinum 8 ProSaver Platinum 9 |
|
| RBC Insurance | |
|
RBC 3 + 3 MYG, SPDA, MVA RBC 3 + 3 MYG, SPDA, NON-MVA RBC 7 MYG, SPDA, MVA |
|
| Reliance Standard Life | |
|
Elektra 579 (5) |
|
| ReliaStar Life Insurance Company | |
|
ING MVA Annuity 10 ING MVA Annuity 6 ING MVA Annuity 7 ING MVA Annuity 8 ING MVA Annuity 9 |
|
| ReliaStar Life Insurance Company of NY | |
|
Classic Choice NY 5 Classic Choice NY 6 Classic Choice NY 8 |
|
| Royal Neighbors of America | |
|
Crown Choice Neighbors Choice Regal Choice 3 |
|
| Sun Life Financial | |
|
Keyport Value 5 Keyport Value 6 Keyport Value 7 Keyport Value Stepped-Up 5 Keyport Value Stepped-Up 6 Keyport Value Stepped-Up 7 |
|
| Sun Life Insurance and Annuity of New York | |
|
Keyport Value 5 Keyport Value 6 Keyport Value 7 Keyport Value Stepped Up 5 Keyport Value Stepped Up 6 Keyport Value Stepped Up 7 |
|
| Symetra Life Insurance Company | |
|
Symetra Custom 5 Symetra Custom 5 (ROP) Symetra Custom 7 Symetra Custom 7 (ROP) Symetra Flex Premium Plus Fixed Symetra Secure Symetra Select |
|
| The Standard | |
|
Focused Growth Annuity 5 Focused Growth Annuity 6 Secured Rate Annuity 5 Secured Rate Annuity 6 |
|
| Transamerica Life | |
|
Transamerica Select 4 Transamerica Select 5 Transamerica Select 6 Transamerica Select 7 Transamerica Select 8 |
|
| United States Life Insurance Co. (NY) | |
|
AG Horizon EmpireSecure 7 |
|
| VALIC | |
|
VALIC Assured Choice Annuity 7 |
|
| West Coast Life | |
|
Sure Advantage 10 Sure Advantage 3 Sure Advantage 4 Sure Advantage 5 Sure Advantage 6 Sure Advantage 7 Sure Advantage 8 Sure Advantage 9 |
|
| Western National Life Insurance Company | |
|
Set Rate Annuity 10 Set Rate Annuity 7 Set Rate Annuity 8 Set Rate Annuity 9 WNL Flex 5 - 5 Year WNL Flex 7 - 7 Year WNL Security Builder 5 (Step Up) WNL Security Builder 5 MVA |
|
Don't see a product you'd like us to track? Let us know, we'll add it!