Today’s Interest Rates VA & WV

Guarantee Period         Interest Rate

         3 Years                       2.10%    

         5 Years                       3.20%* AVG

        10 Years                      3.50%* AVG

(rates subject to change without notice, to verify rates click here)

Rates offered by Delaware Life Pinnacle MYGA (3 Year), Atlantic Coast Life Ins. (5 Year & 10 Year) with *Safe Haven Bonus Guarantee issue ages 0-85, *(5 yr 4.00% yr 1, 3.00% yrs 2-5), *(10 yr 4.40% yr 1, 3.40% yrs 2-10). Rates guaranteed by annuity contract.  Contact agent for details, suitability, minimum premium, and disclosures. No surrender charge at the end of guarantee term for full withdrawal.

 

Quick and Easy Rollovers from Bank CD, 401k, 403b or IRAs !

 

VA & WV residents call now at (540) 722-2529 or (800) 467-5425 or EMAIL

 

Fixed Annuities Fixed Indexed Annuities Safe Money vs Stock Market Risk Tolerance

Looking for a safe alternative to Bank CDs?

Fixed CD-Type annuities are also known as a Multi-Year Guaranteed Annuity (MYGA). MYGAs have become increasingly popular as bank CD rates have plummeted to all-time lows.  Annuities are insurance contracts.

MYGA’s are very similar to bank CDs in that they are both used as vehicles to increase savings. Both are considered low to no-risk and will likewise guarantee a specific interest rate for a specific contract’s term or time period.

MYGA’s compare very favorably to bank CDs and have some distinct advantages:

  • Tax Savings – Taxes are deferred on MYGAs. You do not pay taxes until the interest is withdrawn. This allows interest to be accumulated on the entire principle over the contract term. Earnings on bank CDs are taxable in the year the interest is earned, even if you don’t withdraw your money.
  • Higher Interest Rates – Typically MYGAs offer higher interest rates that their CD counterparts.
  • Liquidity – If you need access to CD funds prior to maturity date, you will be assessed an interest penalty. MYGAs may allow for certain penalty-free interest withdrawals and in some cases up to 10% annually, depending on the specific contract.  Some contracts do not allow for any withdrawals.  See agent for specific contract details.
  • Death Settlement – If you should pass away prematurely, an MYGA will pay your beneficiary directly, similar to a life contract outside of your will or probate.  This can be a significant advantage to estate planning.


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