Looking for 1 and 2 Year MYGA's

[Annua_Tontine]

Is there such a thing as 1 and 2 Year MYGA's? Does anyone know if there are any companies out there that offer these anymore?

 

[golfnut]

I don't think there are any carriers offering 1/2 year annuities but I have written quite a few 3 year MYGA with Liberty Bankers Life recently, so you may take a look at that term for your Clients. It pays a decent comp. and you get a chance in 3 years to move the funds again.

 

[Justin Bilyj]

I don't see anything with a 1-2 year period, Here are the 3's:
Equitrust Certainty Select 1.8%
Fidelity Guarantee Platinum 1.4%
Forethought SecureFore 1.9%
Guggenheim Preserve 1.75%
North American Guarantee Choice 1.45%

Here is a list of cd rates I pulled:

I know one gentleman on here that refers indexed cd's which is novel I think.

 

[scagnt83]

Liberty Bankers used to have a 1 & 2 year MYGA, but they pulled them about 4 years ago due to declining interest rates.

 

[ShawnSIM]

Oxford also has some strong MYGAs right now. 3 year plan is paying 1.75% and they are an A- carrier.

 

[Stephen]

Is there such a thing as 1 and 2 Year MYGA's? Does anyone know if there are any companies out there that offer these anymore?

Guggenheim has some fixed rate products that have surrender periods as short as 2 years.

 

[Justin Bilyj]

thanks for this information.

are you just gonna go around and say thanks for this information to every thread to get your post count up? there's better way to get your post count up, like commenting and adding value or asking questions...

 

[sman]

There's a fraternal that has a money market paying 1% interest and a 1 year paying 1.65% interest. I forget the name of the fraternal, but I can probably find it in my emails. Whether or not it's worth doing business with, only you can decide that. I haven't done anything with them.

 

[scagnt83]

Guggenheim has some fixed rate products that have surrender periods as short as 2 years.

Last I looked the shortest MYGA that Guggenheim has is a 3 year surrender.

 

[Stephen]

Last I looked the shortest MYGA that Guggenheim has is a 3 year surrender.

Well I must be wearing orthopedic shoes, because I stand corrected. Pulled the application on the last one that I wrote and they do indeed only go down to a 3yr.

IR at that time was 2.1%, maybe that's where I got a 2 in my head?