.jpg)
Speak with a MYGA advisor to get a no obligation rate quote. Call our number or book online:
Want more information on MYGAs? Fill out the form below to download our FREE MYGA guide.
Financial services, namely, providing fixed annuity and life insurance products; Insurance and financial information and consultancy services.REAP Insurance Group, LLC administers the distribution of annuities. REAP Insurance Group, LLC is licensed to offer fixed annuities in all 50 states.
The graph below compares a $200,000 fixed rate MYGA versus
a $200,000 1-Year CD, and 5-year CD*
.png)
MYGAs historically pay much higher rates than CDs. That is the case today! The same five year CD today that pays 4.70%, doesn’t even compete with that of a five year MYGA that today, can earn up to 6.15%.
With CDs, the interest WILL BE taxable each year. With MYGAs, taxes are deferred on the gains until the money's actually withdrawn.
A MYGA is the annuity industries version of a CD, issued by life insurance and annuity companies.
A MYGA is a contract with an insurance company in which you pay the insurance company a premium, in exchange for a contractually guaranteed fixed interest rate on the contribution for a specified period of time
A MYGA provides contractually guaranteed interest to the account owner for a specified period, typically several years or longer.
.png)
With MYGAs,Taxes are deferred on the gains until the money's actually withdrawn.
A MYGA can be a great alternative to dead money at the bank or an alternative to equities and market risk.
MYGA’s can provide a fixed rate for a certain period of time, and at the end of that period, you cash out and go elsewhere or potentially do a tax-free transferToday, a five year MYGA can earn up to a 5.6% return, making it one of the most stable accounts and best places to keep your wealth during tough economic times.
Compare that to a 5-year CD, which today pays 4.25%. If you’re like me… I’d choose the option that pays more money. But hey, I’m not you, I’m MYGA Matt, just trying to spread the word!
Fill out the form below to download our FREE MYGA guide
.png)
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.