Multi-Year Guarantee Annuities · South Florida
One rate. Locked for the full term. No surprises at renewal.
A MYGA guarantees one interest rate for the entire contract term — typically 2 to 10 years — with tax-deferred growth and full principal protection.
Why it matters
The retirement equivalent of a CD, with better math.
Some fixed annuities guarantee a high first-year rate and then reset. A multi-year guarantee annuity does not: the rate you're quoted applies to every year of the term, so you know the exact account value at maturity on the day you sign.
For South Florida retirees parking money for a defined period — a future home purchase, a bridge to Social Security at 70, or the conservative sleeve of a portfolio — that certainty is the entire appeal. Rates change weekly across carriers, so we shop the current market each time rather than working from a rate sheet.
What's included
Why retirees use MYGAs.
Rate Locked for the Term
One guaranteed rate for 2–10 years, with no renewal-year reset.
Known Maturity Value
You can calculate the exact ending balance on day one.
Tax Deferral
No annual 1099 — interest compounds untaxed until withdrawal.
Principal Protection
No market exposure and no fees deducted from the account.
Flexible Terms
Ladder multiple terms so funds mature on a schedule that fits your plan.
Rollover at Maturity
Renew, exchange via 1035 into a new contract, or take the money — your choice.
Free Quote
Free quote, no obligation — usually back the same business day.
Daniel personally reviews every request from Broward and Palm Beach County. 18 years of tenure, 30+ A-rated carriers.
Frequently asked
MYGA (Multi-Year Guarantee) questions we hear every week.
What is a MYGA?+
A multi-year guarantee annuity is a fixed annuity that guarantees the same interest rate for the entire contract term, rather than resetting after the first year.
MYGA vs. CD — which is better?+
MYGAs typically credit higher rates and defer taxes rather than generating annual taxable interest. CDs are FDIC-insured and fully liquid at maturity; MYGAs are backed by the carrier and carry surrender charges during the term.
What terms are available?+
Most commonly 3, 5 and 7 years, with 2 and 10-year contracts available from some carriers. Rates vary by term, and the longest term isn't always the highest.
Can I withdraw before maturity?+
Most contracts allow 10% penalty-free annually; larger withdrawals incur surrender charges. Many also waive charges for nursing home confinement or terminal illness.
What happens at the end of the term?+
You can withdraw, renew at then-current rates, or complete a tax-free 1035 exchange into a new contract. We contact clients before maturity so the decision is never made by default.
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