HUGE collapse in Fixed Annuity rates? MYG Annuity interest rates fall off cliff & Thanksgiving 2023!
Benchmark rates are down over 11% in just 2 weeks. Insurance companies are responding with quick and substantial interest rate DECREASES!
The top rate of 6.15% is dropping a whopping 0.35% to a mere 5.80%!!
Other companies have also reduced rates by anywhere from 0.10% to 0.50%!
Still available are rates on 5 and 6 year terms 6.00% based on premiums of $250,000+ and 5.90% based on premiums from $10,000 to $249,999.99 with an (A-) rated company.
Many companies will meet net week to set rates, so if you have any business to write now may be the time.
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