Fixed Annuity Rates Have Plummeted
Hello Agents: If you have any need for the 5% fixed rate guarantees you better move quickly as they are becoming extinct again for a while.
Currently MYGAs offer:
5.10% for 3 years
5.20% for 5 years
5.45% for 10 years
Currently FIAs offer:
Pt. 2 Pt. Caps - Guaranteed 8.00%
Pt. 2 Pt. Caps - Annual renewing 11.50%
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IMPORTANT INFORMATION
This material is for informational, educational & entertainment purposes.
It is not a recommendation to buy, sell, hold or rollover any asset.
It does not take into account the specific financial situation, investment objectives, or insurance need of an individual person.
Withdrawals may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty.
Surrender charges may also apply for early or excess withdrawals.
All guarantees are backed by the claims-paying ability of the issuer.
Products are available only in all states where approved.
Please note that most SPIA quote rates are valid for 7 days.
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