​Who Would Buy a MYGA?

Anyone looking for safety and fixed interest rates should consider a MYGA,please note due to the tax deferred status of annuities if you are under 591/2 years of age the IRS can and may charge a 10% tax penalty just like most other tax deferred investment.With that said even an addition 10% penalty and current CD rates, you may still make more money with the MYGA.

 MYGA what does it Stand for?

MYGA - “Multi-Year Guaranteed Annuity.” A MYGA is a fixed annuity. It has a fixed interest rate that is applied to invested funds for multiple years in a row. Sound familiar? MYGA's are similar to bank certificates of deposit (CDs) in the  way that they credit interest and the term of the contract but the MYGA is way better in our opinion with its addition protection and higher rates. MYGA's are simplest for of an annuity and our clients use them to live off the interest or to accumulate wealth safely. 

How Do You Buy a MYGA?

MYGA's are insurance contracts, therefore they must be purchased through a licensed insurance agent or agency. Integrity Financial Group prides itself in doing the research for you to locate the highest interest rates with the best carriers which puts you in front of the most competitive MYGA's and other types of fixed annuities in the USA.

Call or send us your contact information and we will include you in our monthly Top 10 Rates mail out.

Example of a MYGA

As of October 7, 2015 our most popular MYGA has a 5 year time commitment and credits a 3.15% compounding monthly interest rate each year. In short, $100,000 contributed to the annuity would grow to $117.057.28  after 5 years assuming that no withdrawals are made. After 5 years the funds can be withdrawn, re-invested,1035 exchanged to continue the tax deferred status or even left in the annuity to continue to grow at the minimum interest rate guarantee or the newly declared rate by the carrier.