Is There An Annuity That Works Like A CD?
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. ...View Article