Fixed Annuity Facts

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