The Pros and Cons of Buying an Annuity in Your 70s
Blog Author: Kathy IngulsrudWhat Is an Annuity? An annuity is a legal agreement between a life insurance company and the contract holder. It can only be issued by a licensed life insurance company and sold by a licensed life agent.
Understanding Multi-Year Guaranteed Annuities
Blog Author: Tom PetersonWhat is a MYGA? MYGA stands for Multi-Year Guaranteed Annuity. This specific type of annuity offers a guaranteed fixed interest rate for an established period of time selected by the owner (e.g. 4% for five years). The interest compounds daily, which allows for quicker growth opportunities.
