In this episode, The Annuity Man discussed:
- Short term options available in MYGA’s
- There’s no garbage in MYGAS’s
- MYGA’s and CD products
- Making yield great again
Key Takeaways:
- There are good contractual yields available in MYGAs. They’re available in short term options of two year, three year, five year, or even seven year locked in periods.
- In MYGAs, there’s no annual fees, no market attachments,no moving parts, no upfront bonuses, and no participation rates. In other words, there’s no garbage.
- MYGA’s offer a higher contractual guarantee than CD’s. Why? It’s because life insurance companies that issue annuities have multiple pricing mechanisms to price off of.
- Multi-Year Guarantee Annuities or the annuity industry’s version of a CD is making yield great again. If you’ve already won the game, then you have the option to put your money in a MYGA, never touch the principal and peel off the interest for the income that you need.
"Yield is back! Yield can provide the comfort, security, the interest, the income needed - without touching the principle. It’s MYGA." — Stan The Annuity Man
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