Annuities

A guaranteed rate for a guaranteed period. The CD alternative.

A MYGA works like a CD from an insurance company — you lock in a fixed interest rate for a set number of years (3, 5, 7, or 10). Your principal is protected, your rate is guaranteed, and your growth is tax-deferred. Simple, predictable, and often higher rates than bank CDs.

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At a Glance

Multi-Year Guaranteed Annuities (MYGA) — the essentials.

Rate
Fixed & guaranteed for the full term
Term Options
3, 5, 7, or 10 years
Tax Treatment
Tax-deferred growth
Best For
Conservative savers wanting better than CD rates
Who Is This For

Is multi-year guaranteed annuities (myga) right for you?

  • Business owners with cash reserves earning little in a bank account
  • Anyone who wants a guaranteed rate without market risk
  • Pre-retirees building a bond-like foundation for their portfolio
  • People who just sold a business and need a safe place for the proceeds
For Texas Business Owners

If you're sitting on cash reserves or have proceeds from a business sale, a MYGA lets you lock in a competitive rate with tax-deferred growth. It's a low-risk place to park capital while you plan your next move — without the market exposure of equities or the low yields of savings accounts.

Suitability

When it makes sense, when it doesn't.

● When it makes sense

  • You want a guaranteed return with zero market risk
  • You don't need the money for 3–10 years
  • You're in a high tax bracket and want tax-deferred growth
  • You want to diversify away from stocks as you approach retirement

● When it doesn't

  • You need liquidity — MYGAs have surrender periods
  • You want growth potential beyond a fixed rate
  • You're young with decades to invest — equities will likely outperform
  • You're in a low tax bracket — the tax deferral adds less value
Common Questions

What you're probably wondering.

How is a MYGA different from a bank CD? +
Both offer guaranteed rates for a fixed term. But MYGA growth is tax-deferred — you don't pay taxes on interest until you withdraw. MYGAs also typically offer higher rates than bank CDs because insurance companies invest in longer-duration bonds. The trade-off: MYGAs aren't FDIC-insured, but they are backed by state guaranty associations and the issuing carrier's financial strength.
What happens when the MYGA term ends? +
You can withdraw your money (no surrender charges after the term), roll it into another MYGA at current rates, or convert to an income annuity. There's no obligation to stay.
Are MYGAs safe? +
MYGAs are backed by the financial strength of the issuing insurance company, plus state guaranty association protection (typically $250K per carrier per state). We only recommend MYGAs from A-rated or better carriers.
Can I access my money during the term? +
Most MYGAs allow penalty-free withdrawals of up to 10% per year. Beyond that, you'll pay a surrender charge that decreases over time. We'll match the term length to your liquidity needs.
Related Products

Other solutions worth considering.

Annuities
Fixed Indexed Annuities
Market-linked growth with a guaranteed floor.
Annuities
Single Premium Immediate Annuities (SPIA)
Turn a lump sum into guaranteed income — starting now.
Life Insurance
Whole Life Insurance
Permanent protection that builds tax-advantaged wealth.
Industry Insights

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Start with a free Discovery Call.

A free 15–30 minute fit-check — we review your situation and recommend whether multi-year guaranteed annuities (myga) fits, and how it would be placed. No cost, no obligation. When it's a fit, the $500 Foundation Review delivers a written plan you keep.

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