Multi-Year Guaranteed Annuity Rates—Safe, Predictable Growth for Your Clients
MYGA Annuities—The Tax-Deferred CD Alternative
A Multi-Year Guaranteed Annuity (MYGA) is a fixed annuity that locks in a guaranteed interest rate for a set period—commonly 3, 5, 7, or 10 years. MYGAs work like insurance-based CDs but with the added advantage of tax-deferred growth. Clients can safely accumulate more, without the annual tax drag of bank interest.
Key Advantages of MYGA Annuities
Guaranteed Yields
MYGAs typically offer higher interest rates than bank CDs for the same term.
Tax-Deferred Growth
Interest compounds without current-year taxes—clients pay taxes only when withdrawing.
Principal Protection
Full value is guaranteed if held to term (subject to carrier claims-paying ability).
Straightforward Sales
MYGAs are easy to explain and place—ideal for clients who want low-risk, set-and-forget accumulation.
How MYGAs Work—Key Terms and Options
Terms
3, 5, 7, or 10 years (other durations available).
Withdrawals
Some MYGAs allow penalty-free access to up to 10% of the account value annually after the first year.
End of Term
At maturity, clients can renew, transfer via 1035 exchange, or annuitize. DBS assists with every step.
Minimums
Often as low as $10,000, but can vary by carrier.
No Market Risk
Principal and interest are never exposed to market downturns.
DBS Delivers the Best MYGA Rates—Always Up to Date
MYGA annuity rates fluctuate with the market and can differ widely between carriers and terms. DBS monitors the latest offerings daily and provides agents with real-time rate sheets, so you can always present your clients with the most competitive yields available—whether that’s a 3-year or a 10-year MYGA.
Why Choose a MYGA Over a CD? | Suitability & Compliance
MYGAs often beat bank CDs on interest rate and tax treatment—making them a smart option for clients who don’t need annual access to their interest. However, MYGAs are insurance products and require proper annuity training (e.g., NAIC suitability course). DBS guides agents through all compliance requirements, suitability reviews, and disclosure forms, ensuring every MYGA sale is safe and secure.
More Than Just Rates—DBS Handles Paperwork, Transfers, and Follow-Through
DBS offers personalized service beyond rate shopping. We help agents with application prep, transfer paperwork, and 1035 exchanges, making the process seamless from start to finish. When the market moves, we alert you to new top rates, so you stay one step ahead for your clients.
MYGA Annuities—Agent FAQs
What is a MYGA annuity?
A Multi-Year Guaranteed Annuity locks in a fixed interest rate for a set period, combining principal protection with tax-deferred growth.
Who should consider a MYGA?
Clients seeking higher, guaranteed yields than CDs or savings, with no market risk and the benefit of tax deferral.
Can clients withdraw funds during the term?
Many MYGAs allow up to 10% annual withdrawals after year one; otherwise, early withdrawals may incur penalties.
What happens at the end of the MYGA term?
Clients can renew, annuitize, or move the funds elsewhere via 1035 exchange—DBS supports every transition.
How often do MYGA rates change?
Rates may change weekly or even daily. DBS tracks all changes and delivers updated rates to agents quickly.