Multi-Year Guaranteed Annuity
If you are looking for a safer way to invest your money, a Multi-Year Guaranteed Annuity (MYGA) may be a great way to achieve your financial goals.
A MYGA can help you grow your money without the market volatility involved in other investments. Your investment will grow based upon a fixed interest rate over the course of 2 to 7 years.
Tax Deferred Growth – Your investment money is tax-deferred for the length of your annuity. The growth of your investment will not be taxed until you begin taking payments.
Guaranteed Interest Rate – A MYGA has a fixed interest rate, which means your interest rate will not decrease or increase for the guarantee period of your annuity.
Financial Security – Use your MYGA to build a secure financial future for yourself and your family. An annuity can be a great way to supplement your retirement income.
How a MYGA Works
It’s as easy as 1, 2, 3…
- Invest – You decide how much you invest when you purchase an annuity. It’s best to determine how long you can allow a certain amount of money to sit untouched.
- Accumulation – During this agreed upon guarantee period, your money grows based on the guaranteed fixed interest rate. During this time your investment will be tax-deferred.
- 3. Annuitization – This is when you receive payments from your annuity. You can also choose to take out the entire investment, depending on your financial needs.
Americo Financial Life and Annuity Insurance Company offers MYGA options that can help you meet your financial goals. Discover which fixed rate annuity can work for your future. Find our current interest rates to help you determine what type of term you want to work with. Connect with an Americo agent to find out more today.