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Tag Archive: fixed rate annuity explained

Is There An Annuity That Works Like A CD?

Stan The Annuity Man

Question: Every agent I meet with tries to sell me a variable annuity or indexed annuity.  All I really want is a fixed rate guarantee.  Is there an annuity that actually works like a CD? from Bill in Matthews, North Carolina Answer: Yes Bill, there is an annuity structure that functions like a CD.  That type of annuity in the industry is referred to as a MYGA.  MYGA stands for Multi Year Guarantee Annuity, but it is also appropriately referred to as a Fixed Rate Annuity. ...

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