Safety-First Savers
You value knowing exactly what you'll earn and want rates that are often better than what the banks offer, even if it means locking up your money for a set period.
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Predictable income
Multi-Year Guaranteed (MYGA)
Guaranteed growth, Ideal for conservative investors.
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Key features
Multi-Year Guaranteed Annuity offers predictable growth with guaranteed interest rates for a set period.
MYGA
Higher Rates
Often offers higher or comparable rates
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Tax Benefits
Growth is tax-deferred until withdrawal
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Flexibility
Often provides a more favorable early withdrawal option
Safety
Backed by Insurance companies
Benefits
How MYGAs Work: simplifying your finance
Simple Structure
One guaranteed rate for your entire term
Rate lock
Your rate never changes, regardless of market conditions
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Term Options
Choose 3 to 10 year terms
Renewal
At maturity, you can renew, transfer, or take your money
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Use Cases
Who MYGAs
Are Built For:
Rate Maximizers
You're frustrated with low rates but want to benefit from tax advantages and potentially higher yields.
Near-Term Goal Planners
You have specific financial goals within 3-10 years and want guaranteed growth to help you reach them without market risk.
FAQ
The Big Questions
What is a MYGA?
How are MYGAs taxed?
What's the difference between a MYGA and a fixed annuity?
How safe is my money in a MYGA?
Can I withdraw my money if I need it?
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Choose Your Plan
Annuity
Comparison
All types include the folowing:
Death benefit provisions
Free look period
Withdrawal allowances
Tax-deferred growth
MYGA
Key Differences
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Same rate for the entire term
Typically provides higher rates than traditional fixed annuitles
Considerations
Most restrictive withdrawal terms
Fixed returns without market growth potential
Fixed term length with no extension options
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Growth
Key Differences
Capture market gains with downside protection
Choose from multiple wealth building strategies
Guaranteed lifetime income available through riders or annuitization
Considerations
Crediting methods and caps can be complex
Can come with higher fees
Potentially longer surrender periods
Learn more
Learn more
Income
Key Differences
More flexible withdrawal options than MYGAs
Clear, predictable income for life
Considerations
Typically offers lower rates than MYGAs
Returns may not keep pace with inflation
Rules and guaranteed income options can be complex
Learn more
Learn more
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Testimonials
How lives
are transformed
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Hiwire made it easy
I had been overwhelmed trying to understand annuities, but Hiwire made it easy. They took the time to explain everything in plain language and answer all of my questions. I never felt rushed, and they truly cared about helping me choose what was best for my situation. Outstanding experience from start to finish.
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5.0
All of my questions were answered
My HiWire Financial Representative was very patient with me. He answered all of my questions.
5.0
An outstanding advisor
Nick didn't just read from a menu script. He was very in tune to my concerns. A major portion of our communication was via video chat, which makes a huge difference in customer satisfaction and impact of the presentation. The information was much easier to absorb.
5.0
Ready to Secure
your retirement
future?
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