It's no secret that all companies are lowering their Multi-Year Guarantee Annuity (MYGA) rates. The news of the coronavirus has caused widespread economic volatility. Interest rates have fallen to historic lows as the 10-year Treasury bond is currently yielding about 50bps.
That said, clients are still looking for a competitive return that's safe. We feel our stable of carriers fulfills that objective in today's landscape. Check out the current annuity rates here: https://www.newhorizonsmktg.com/products/annuity-rates
In addition to our MYGA solutions, our FIA production is up through the first 2 months of 2020 – thank you to all of our agents for that!
Please take note of Equitable's "new" rate lock policy which takes place on applications written starting March 13, 2020.
With Equitable's new 45 calendar rate lock period, they wanted to clarify a few items:
Thank you for your ongoing business with life and annuities!