Is a MYG Annuity one of the safest ways to save for retirement? Just don't jump out over Texas!

To travel across country by air takes some planning. Length of stay, cost, travel time, incidentals, seat assignments and baggage. It is one of the safest way to travel though.

One of the safest ways to save is by using INSURANCE. A multi-Year Guarantee Annuity (MYGA) can insure a financial result.

The insurance company will guarantee a result if the client fulfills their agreed time and usage commitment.

Example: If a person boards a plane going direct from Los Angeles to Miami they have made a commitment to a certain amount of hours of fling time. This person would have a real problem if they decided the trip was a mistake while over Texas. There is no safe way out to exit mid flight.

Now, using the same logic, if a person purchases a 5 year MYGA and in year 3 they decide it was not for them, they have a problem. However, there is a way out, and it will likely cause a financial penalty in the form of early surrender charge. Good think is the surrender charge penalty has a limitation on how large it can be.

Guaranteed interest rates for accumulation is what the MYGA is best at!

Agents have you talked with your risk averse clients about MYGA's? You can use the word GUARANTEED if you do!

Get a MYGA illustration - https://www.annuityexperts.com/deferred-annuity-illustrations.html

Contact me with questions and anything Fixed Annuity related.
Jeff Affronti