MYGA rates are on fire. If you're not writing fixed annuity products for your senior clients, now's your time to blow them away with white hot rates.
Best Rates as of Wednesday, August 10, 2022:
Seniors are especially interested in a guaranteed rate for a guaranteed period of time. MYGAs offer safety from turbulent markets as the client's deposit will predictably grow.
Offering annuities is a wonderful service for your current clients, and they can also be a very competitive CD alternative.
Say your client has a $100,000 deposit. Their local bank has a CD offering 0.50%. We have a 5-year MYGA offering 4.80%.
At the end of 5 years, this would be your client's deposit:
Even if the CD earned 1.00%, your client would only have $105,101.01 at the end of 5 years.
MYGA rates are hot – now's your time to shine as an agent in the senior market.
If you're already contracted with our top annuity carriers:
If you are NOT yet contracted with our top annuity carriers:
Get after it!
Director of Life Insurance & Annuity Sales