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Tag Archive: upside to fixed rate annuities

What Is The Difference Between A Traditional Fixed Annuity & A “MYGA”?

Stan The Annuity Man

Question: I’ve been trying to do some research on fixed rate products, and want to know the difference between a Traditional Fixed Annuity and a MYGA annuity.  What is the difference, if any? from Robert in Chicago, Illinois Answer: Good question Robert, and yes there are distinct differences between Traditional Fixed Annuities and MYGA (Multi Year Guarantee Annuities) annuities or sometimes called fixed rate annuities.  Let take a closer look at both from an excerpt from my book, The Annuity Stanifesto. Traditional Fixed Annuity Traditional...

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