Steady, predictable growth for your savings.
A MYGA is a fixed-rate annuity that credits a set interest rate for a set number of years, declared by the issuing insurance company. I'll compare options side by side so you can choose with confidence.
Questions? Call Roy at (559) 571-2525. Rates and terms are set by the issuing insurance company. Surrender charges apply for early withdrawal. Annuities are not FDIC insured and are not bank CDs. Big Time Insurance Agency, Agency Lic. #6016563, NPN 21669044 | Roy Bryant, CA Lic. #4252813, NPN 20527401
Licensed in California
Big Time Insurance Agency, Agency Lic. #6016563, NPN 21669044 | Roy Bryant, CA Lic. #4252813, NPN 20527401
Independent Agent
Options from multiple insurance companies
Local to the Central Valley
Central Valley · All of California
Compare and apply online.
E-sign from home, or get help from me
Who it's for
- Savers nearing or in retirement who want a fixed rate for a set term
- People with money they won't need to touch for 3 to 10 years
- Anyone who wants growth without stock-market ups and downs
- People with a CD or savings account maturing who want to compare other options
- Compare rates and terms from multiple insurance companies
How a MYGA works: the issuing insurance company credits a declared fixed interest rate for the term you choose, and your interest grows tax-deferred until you withdraw it. Most contracts let you take out a set portion each year, often up to 10%, without a surrender charge. Taking out more during the term means surrender charges apply. If you pass away, the contract value goes to the beneficiaries you name. Benefits and credited interest are backed by the claims-paying ability of the issuing insurance company.
How it works
Review your timeline, access needs and other savings before you apply.
Talk about your goals.
We review your timeline, how much you may need to access, and your other savings. Annuities have to fit your situation.
Compare options.
I compare rates, term lengths and surrender schedules from multiple insurance companies.
Apply and lock in your term.
You fund the annuity with a lump sum. The issuing insurance company credits the declared rate for the term in your contract. Interest grows tax-deferred until you withdraw it.
Common questions
What is a MYGA?
A multi-year fixed annuity. You put in a lump sum, and the insurance company credits a set interest rate for a set number of years, typically 3 to 10. Rates and terms are set by the issuing insurance company and depend on the contract.
Is a MYGA the same as a bank CD?
No. A MYGA is an insurance contract issued by an insurance company, not a bank CD. It is not FDIC insured and is not a deposit of any bank. It's backed by the claims-paying ability of the issuing insurance company.
Can I take money out early?
Many contracts allow a small yearly withdrawal (often around 10%). Taking out more during the surrender period means surrender charges apply, and some contracts also have a market value adjustment. Every contract is different, so we'll go over the details before you apply.
What happens at the end of the term?
You can usually withdraw the money, roll it into a new annuity, or let it renew at the company's new declared rate. You'll get a window to decide.
How are MYGAs taxed?
Interest grows tax-deferred and is taxed as ordinary income when withdrawn. Withdrawals before age 59½ may also face a 10% federal tax penalty. Talk with your tax advisor about your situation.
Can I talk with Roy before applying?
Absolutely. Call me to review your timeline, access needs, and current options with no pressure.
Do MYGA rates stay the same for the term?
Rates and terms are set by the issuing insurance company for the term in your contract. I can compare current options from multiple insurers.
Want to compare MYGA options?
Call me and I'll walk you through current options from multiple insurance companies, with no pressure to decide.
Big Time Insurance Agency, Agency Lic. #6016563, NPN 21669044 | Roy Bryant, CA Lic. #4252813, NPN 20527401