Multi-Year Guaranteed Annuities (MYGAs)

Multi-Year Guaranteed Annuities

Multi-Year Guaranteed Annuities (MYGAs) are offered by insurance companies to help provide stable, predictable income by locking in a fixed interest rate for a set number of years. This provides a predictable income stream for a set number of years, making MYGAs an option for retirement income planning.


MYGAs (Multi-Year Guaranteed Annuities) are not FDIC insured; they are protected by the issuing insurance company's financial strength and backstopped by state guaranty associations.


Unlike bank products like Certificates of Deposit (CDs), which are FDIC-insured up to a limit of $250,000 per depositor, per insured bank, MYGAs have a different form of protection based on state-level guarantees. You should carefully review the financial strength ratings of the issuing insurance company to assess its stability. 


With guaranteed multi-year interest, principal protection, and tax-deferred growth, MYGAs offer a predictable income steam yearly in retirement. Flexible contract lengths also allow you to choose the term that best fits your financial goals.


Glover Park Wealth Management, LLC is a licensed insurance agency that sells MYGAs in: Virginia, Maryland, Washington, DC, Georgia, and all 50 states.

At Glover Park Wealth Management, we’re often asked about MYGA annuities, and for good reason! A Multi-Year Guaranteed Annuity (MYGA) is a insurance financial product that offers a predictable income steam over time.


This means your investment can enjoy stable returns without the assets being correlated to the stock market. It’s an investment option for those looking for source of income in retirement or simply seeking to diversify their portfolio from stocks and bonds while enjoying an income stream that is provided from an insurance company.


Below is a sample of insurance companies that we shop for the most competitive MYGA rates:


  • Athene
  • MassMutual
  • Pacific Life
  • Protective Life:
  • Prudential Financial
  • Symetra Life Insurance Company
  • United of Omaha
  • American Equity
  • Global Atlantic
  • Jackson (Jackson National)
  • New York Life
  • The Standard (Standard Insurance Co.)
  • Fidelity Investments Life Insurance Company
  • Sagicor Life Insurance Company
  • SBLI (Savings Bank Life Ins Co of MA)
  • Security Benefit Life Insurance Company
  • Securian Financial (Minnesota Life Ins)
  • North American Company for Life and Health Insurance
  • OneAmerica
  • Principal Financial 
  • Oceanview - Harbourview 
  • ASPIDA

Secure Your Future with MYGA Annuities

Understanding MYGA Annuities

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What is a MYGA?

A Multi-Year Guaranteed Annuity (MYGA) provides a fixed interest rate for a specified term offered by an insurance company. MYGA's can be a good retirement income stream and potentially be a part of the retirement planning process. 

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Benefits of MYGA

MYGAs combine fixed interest rates with the flexibility of choosing your term of the MYGA, making them an ideal for investors who would like an income stream provided by an insurance company. 

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Why Choose Glover Park Wealth?

At Glover Park Wealth, we specialize in retirmement income planning which may involve MYGA solutions if it fits into your long term financial plan. 

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Our team is here to help you navigate the world of MYGA annuities and provide quotes from the top carriers in the MYGA insurance annuity marketplace. 

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Muti Year Guaranteed Annuities (MYGA)


Learn more about MYGAs and how they can potentially fit into your portfolio


  • Which Insurance Carriers Offer MYGAs?

    Some insurance companies that sell multi-year guaranteed annuities (MYGAs) include Athene, MassMutual, Pacific Life, Protective Life, Prudential, Symetra, and United of Omaha. 


    Other companies offering MYGAs or similar fixed annuities include American Equity, Global Atlantic, Jackson National, New York Life, and The Standard. 


    Insurance companies offering MYGAs 

    • Athene: A major annuity provider that ranks high in fixed and indexed annuity sales.
    • MassMutual: A well-known financial services firm that offers various annuity products, including fixed options, through its subsidiary, MassMutual Ascend.
    • Pacific Life: A provider of annuities, including fixed options.
    • Protective Life: Offers a range of annuity products.
    • Prudential Financial: A large financial services company that offers a variety of annuities.
    • Symetra Life Insurance Company: Provides multi-year guaranteed annuities.
    • United of Omaha: Part of Mutual of Omaha, it offers multi-year guaranteed annuities. 

    Other insurance carriers: 

    • American Equity
    • Global Atlantic
    • Jackson (Jackson National)
    • New York Life
    • The Standard (Standard Insurance Co.)
    • Fidelity Investments Life Insurance Company
    • Sagicor Life Insurance Company
    • SBLI (Savings Bank Life Ins Co of MA)
    • Security Benefit Life Insurance Company
    • Securian Financial (Minnesota Life Ins)
    • North American Company for Life and Health Insurance
    • OneAmerica
    • Principal Financial 
    • Oceanview - Harbourview 
    • ASPIDA

  • Muti Year Guaranteed Annuity (MYGA)

    A MYGA, or Multi-Year Guarantee Annuity, is a smart financial tool for those looking to secure their future with predictable income.


    • At Glover Park Wealth Management, we help clients navigate the ins and outs of MYGAs, offering guaranteed rates for several years.

    • This stability can be a key part of your retirement planning, combining growth potential with peace of mind. 

    • Let’s explore how a MYGA can fit into your financial strategy and help you achieve your wealth management goals!

  • How Many Years Do They Last?

    Multi-Year Guaranteed Annuity (MYGA) typically spans from two to ten years.

  • Why purchase a MYGA?

    A Multi-Year Guaranteed Annuity (MYGA) can be a smart choice for those in retirement, offering the stability and predictability that retirees crave. 


    By locking in a guaranteed interest rate for several years, a MYGA provides a reliable income stream, shielding your savings from market volatility. 


    We understand how important it is to secure your financial future, and a MYGA can potentially complement your estate planning and benefits strategy, ensuring your hard-earned savings work for you.


Multi Year Guaranteed Annuities (MYGA's)


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MGYA Insurance Agency and Insurance Broker

At Glover Park Wealth, our firm provides independent insurance brokerage and agency solutions for our individual wealth management and corporate clients. 


Our team of insurance advisors will be happy to assist you with independent insurance advice and quotes from the top-rated insurance carriers.


  • Athene
  • MassMutual
  • Pacific Life
  • Protective Life:
  • Prudential Financial
  • Symetra Life Insurance Company
  • United of Omaha
  • American Equity
  • Global Atlantic
  • Jackson (Jackson National)
  • New York Life
  • The Standard (Standard Insurance Co.)
  • Fidelity Investments Life Insurance Company
  • Sagicor Life Insurance Company
  • SBLI (Savings Bank Life Ins Co of MA)
  • Security Benefit Life Insurance Company
  • Securian Financial (Minnesota Life Ins)
  • North American Company for Life and Health Insurance
  • OneAmerica
  • Principal Financial 
  • Oceanview - Harbourview 
  • ASPIDA



We provide MYGA quotes in: Virginia, Maryland, Washington, DC, Georgia, and in all 50 states.


Our insurance agency also has extensive experience with Fixed Income Annuities, Multi-Year Guaranteed Annuities (MYGA's), Hybrid Indexed Universal Life Insurance with Long-Term Care riders.


Need an insurance quote?  Get in touch below!

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