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SAMPLE LANDING PAGE FOR MULTI-YEAR GUARANTEED ANNUITIES

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Des Moines Iowa

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Three Steps:  1.  Pick your rate.  2.  Fill out contact form below.  3.  We will be in touch!!

How Much Interest Are you losing

Savings, CD and Treasury Bond rates above were from www.fdic.gov (12/10/2021)

Your Logo and Contact Information Goes here.

 

 

“The outlook is highly uncertain, given the pandemic.”

Jerome Powell

Chairman of the Federal Reserve

The outlook is highly uncertain, given the pandemic.  Fed Chairman, Jerome Powell, gives the world the strong impression that interest rates will stay near zero until 2023. 

Federal Reserve

Top Guaranteed Annuity Rates

2-Year-Guaranteed-Annuities

Insurance CompanyProduct NameGuaranteed Rate
SILAC Insurance Company (Formerly Equitable Life and Casualty)Secure Savings Elite2.15%
SILAC Insurance Company (Formerly Equitable Life and Casualty)Secure Savings1.75%
Oceanview Life and AnnuityHarbourview 21.75%

3-Year-Guaranteed-Annuities

Insurance CompanyProduct NameGuaranteed Rate
Oceanview Life and Annuity Harbourview 32.25%
Liberty Bankers LifeBankers Elite 32.15%
Guaranty Income LifeGuaranty Rate Lock 3 High Band2.15%
American NationaPalladium MYG 3 High Band2.10%
Liberty Bankers LifeBankers 32%
F&GFG Guarantee Platinum 31.95%
Sagicor Life Insurance CompanyMilestone MYGA 3 High Band (100k+)1.95%
American EquityGuaranteeShield 31.75%

4-Year-Guaranteed-Annuities

Insurance CompanyProduct NameGuaranteed Rate
Oceanview Life and AnnuityHarbourview 42.6%
OxfordMulti-Select 42.25%
AIGAmerican Pathway VisionMYG 4 High Band2.10
Guaranty Income LifeGuaranty Rate Lock 4 High Band2.05%
Sagicor Life Insurance CompanyMilestone MYGA 4 High Band ($100k+)2%

5-Year-Guaranteed-Annuities

Insurance CompanyProduct NameGuaranteed Rate
SILAC Insurance Company (Formerly Equitable Life and Casualty)Secure Savings Elite2.95%
Atlantic Coast LifeSafe Have 53.6% Year 1
2.6% Years 2-5
2.8% Effective Annual Yield
Nassau ReMYAnnuity 5X2.80%
Liberty BankersBankers Elite 52.80%
SILAC Insurance Company (Formerly Equitable Life and Casualty)Secure Savings2.70%
Nassau ReMYAnnuity 5X with added liquidity2.60%
Oceanview Life and AnnuityHarbourview 52.55%
Guaranty Income Life Insurance CompanyGuaranty Rate Lock 52.50%
OxfordMulti-Select 52.45%

6-Year-Guaranteed-Annuities

Insurance CompanyProduct NameGuaranteed Rate
Oceanview Life and Annuity Harbourview 62.8%
Oxford Life Insurance CompanyMulti-Select 62.75%
Guaranty Income Life and Annuity CompanyGuaranty Rate Lock 6 High Band2.45%
American National Insurance CompanyPalladium MYG Annuity 6 High Band2.45%

7-Year-Guaranteed-Annuities

Insurance CompanyProduct NameGuaranteed Rate
Liberty Bankers LifeBankers Elite 72.90%
Nassau ReMYAnnuity 7X2.90%
Oceanview Life and AnnuityHarbourview 72.90%
Nassau ReMYAnnuity 7X with additional liquidity2.70%

*Features and benefits may vary by product and state. Please review the contract or product disclosure for more information.  Guarantees are based on the financial strength and claims paying ability of the insurance companies and are not guaranteed by any bank or insured by the FDIC.  Annuities are different than Certificates of Deposit and may contain surrender charges and Market Value Adjustments.  Market Value Adjustment (MVA) applies to partial withdrawals that exceed the free withdrawal amount allowed and surrenders occurring during the surrender charge period. CG Financial Group and the insurance companies listed above do not offer legal or tax advice. Please consult a qualified professional.

Rates can change with very little notice so please verify the above rates with CG Financial Group.  Annuities are not FDIC Insured and are subject to the claims paying ability of the issuing insurance company.  Product filing form numbers are:  GuaranteeShield (ICC20 BASE-SPDA, ICC20 SPDA-3, ICC20 SPDA-5), Multi-Select (ICC20-MYGA20), Secure Savings and Secure Savings Elite (ICC17 MYGA), Harbourview (ICC19 OLA SPDA), Bankers Elite 3 (ICC17-Bankers 3-0704), Bankers Elite 5 (ICC17-Bankers 5-0704), Milestone MYGA Series (ICC173008 & ICC176068), Guaranty Rate Lock Series (ICC18-GI-FR-MYGA01 (01/18) Guarantee Platinum Series (ICC14-1095(06-14))

Interested?  Inquire below and we will be in touch within 48 hours!!

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Sample MYGA Form

What is your Risk Tolerance?

What is your risk Tolerance??

Fixed Annuity Questions and Answers

What is a "MYGA"?

A Multi Year Guaranteed Annuity, also known as a Fixed Annuity where your interest rate is guaranteed over the annuity term, i.e. 2% over 2 years.

Are there any fees and expenses?

There are no annual fees or expenses.  100% of your premium is invested.  If the annuity is cashed out early however, there can be surrender charges and/or a Market Value Adjustment (MVA)

Are Annuities FDIC insured?

Annuities are backed by the financial strength of the Insurance Company.  

Do fixed annuities offer estate planning benefits?

Yes, annuities allow you to name a beneficiary on the account versus leaving the asset to your estate. Thus they avoid probate which can be costly and public.

How liquid are MYGA’s, any risks?

MYGA’s are generally not very liquid, therefore they can pay a higher rate than other safe investment options, i.e. CDs, Savings. Etc.

They do however generally allow you the ability to withdrawal your yearly interest or a percentage of your annuity balance every year.

Withdrawing more than this amount during the guaranteed period will impose a surrender penalty above the charge free amount or Market Value Adjustment.

Can I purchase a Fixed Annuity directly or do I have to buy it through a licensed insurance agent?

Insurance Products can only be purchased through a licensed insurance agent who is licensed in the state where you are transacting the business.

The rate and product offered in that state is the same no matter which licensed insurance agent you buy it through.

 

Generally, what is the minimum to open a MYGA?

The minimum premium is generally $10,000, but differs with every insurance carrier.

Can MYGA’s be purchased with a CD or retirement account?

Yes, both. Annuities can be purchased in a non-qualified account or a retirement account, i.e. individual, joint, trust owned or in a qualified retirement account, i.e. IRAs, ROTH IRAs.

Who is generally the ideal candidate to purchase an annuity?

Generally, someone who wants protection of principal, guaranteed interest rates, and is close to or over the age of 59 ½.

(Distributions prior to age 59 ½ will incur a premature penalty tax of 10% on the interest only in non-retirement accounts).

Are there any tax benefits to annuities?

Yes, for non-retirement accounts your interest grows tax deferred and is not taxed until withdrawn.  Unlike CDs where interest is taxed yearly, regardless if you use it or not.

If I’m interested in getting more information or want to purchase a MYGA can you help?

Yes, we offer a no obligation consultation to answer questions, provide information, and help to see if a MYGA is a suitable option for you.

Fixed Annuities are not suitable for everybody so it is important to us to make sure you have all the relevant information so you can make your own informed decision if a fixed annuity is right for you.

Three Reasons To Consider Guaranteed Annuities

Losing Money in Stock Market

1.  Volatile Stock Market

For many retirees and pre-retirees, the fear of losing money in the stock market is a very rational fear given what they have experienced over the last 20 years and what you see here.

2.  Low Interest Rates!!

As a result of the turmoil in the stock markets, many consumers may look to “guaranteed options” that provide mediocre interest rates at best. The paradox is that if you slow down in traffic in order to “play it safe”, you can actually put yourself in a more dangerous position than if you were speeding.

Saving for retirement is a very similar concept. This is because of the risk of inflation outpacing your interest rates. Risk is in the eye of the beholder and when you consider inflation risk, you realize that traditional savings accounts can be risky!

Power of Tax Deferral

3.  Tax Deferral!

With annuities, you not only get tax-deferral, you also can generally get higher rates than traditional savings vehicles!! The graph is a visual representation of what a $100,000 deposit would look like over 30 years in three different scenarios:

Scenario 1 (Blue Line): Your money receiving a 1% per year interest rate but with the interest being taxed yearly. Note: This illustration assumes a 30% tax rate.

Scenario 2 (Red Line): Your money receiving a 1% interest rate but having “tax deferral” on the interest as the money grows.  

Scenario 3 (Green Line): Your money receiving a 3% interest rate along with the tax deferral that comes along with annuities!

*For “Tax Deferred”, there would generally be a tax liability at the time of withdrawal.

The Fixed Annuity Ladder

Laddering involves splitting dollar amounts into various annuities with different maturities to maximize your interest.  This also allows you liquidity and flexibility with your money.

 

Initially to build your ladder, you pick various time frames, usually between 2 to 5 years.  This is done to take advantage of the higher rates that longer term annuities provide while still offering liquidity that the shorter-term annuities provide. Here is how a hypothetical annuity ladder may work:

 

The below visual example assumes an initial dollar amount of $60,000 split into 3 buckets of $20,000 each.  (assumes rates do not change during 3-year cycle)

The Fixed Annuity Ladder

The benefit of utilizing a fixed annuity ladder is, once you complete the initial time frame, i.e. 3 years, 5 years, etc. all the individual buckets should collectively pay you a higher interest rate since they are all now longer term annuities.  This is illustrated by the “Total Portfolio Rate” growing from 2.08% initially to 3% after the first 3-year cycle.

If you are interested in building a fixed annuity ladder or have more questions about how this strategy might benefit you do not hesitate to contact us for more details

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*Features and benefits may vary by product and state. Please review the contract or product disclosure for more information.  Guarantees are based on the financial strength and claims paying ability of the insurance companies and are not guaranteed by any bank or insured by the FDIC.  Annuities are different than Certificates of Deposit and may contain surrender charges and Market Value Adjustments.  Market Value Adjustment (MVA) applies to partial withdrawals that exceed the free withdrawal amount allowed and surrenders occurring during the surrender charge period. CG Financial Group and the insurance companies listed above do not offer legal or tax advice. Please consult a qualified professional.
Rates can change with very little notice so please verify the above rates with CG Financial Group.  Annuities are not FDIC Insured and are subject to the claims paying ability of the issuing insurance company.  Product filing form numbers are:  GuaranteeShield (ICC20 BASE-SPDA, ICC20 SPDA-3, ICC20 SPDA-5), Multi-Select (ICC20-MYGA20), Secure Savings and Secure Savings Elite (ICC17 MYGA), Harbourview (ICC19 OLA SPDA), Bankers Elite 3 (ICC17-Bankers 3-0704), Bankers Elite 5 (ICC17-Bankers 5-0704), Milestone MYGA Series (ICC173008 & ICC176068), Guaranty Rate Lock Series (ICC18-GI-FR-MYGA01 (01/18) Guarantee Platinum Series (ICC14-1095(06-14))