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Tag Archive: what is a fixed rate annuity

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

Stan The Annuity Man

Stan The Annuity Man | October 24, 2013 | , , , , ,

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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Is There An Annuity That Works Like A CD?

Stan The Annuity Man

Stan The Annuity Man | October 17, 2013 | , , , ,

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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