Basics of Fixed Rate Annuities (MYGAs)
- Guaranteed interest rate for a set term
- Free to move funds after term is over
- 10% of account value is liquid each year*
- Early Surrender Fees apply to withdrawals over 10% with most products
- Funds bypass Probate
- Can use to fund an IRA or Roth IRA
- Early Surrender Fees are waived for Terminal Illness & Nursing Home needs