CD TYPE ANNUITY QUOTE FORM 
                                                                                                                                    
                                


                     
 
                                       
                                                                                  
                                                


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CD Type Annuity Quote (MYGA)
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What is a Multi-Year Guarantee Annuity (MYGA)?
A MYGA is an annuity that guarantees a fixed rate for the entire duration of the contract's terms, anywhere from 1 to 10 years.  Example: An 7 year, 4% CD-type annuity guarantees its rate for the full 7years. Annuities are safeguarded by individual state reserves. Annuity coverage varies state-to-state, ranging from $100,000 to $300,000. CD-type annuities can be rolled over without triggering a taxable-event. Using what's known as a 1035 exchange, the CD-type annuity owner can transfer money from one annuity to another without showing an income. A typical CD-type annuity will allow you to withdrawal up to 10% of the initial investment annually, free of any surrender charge / penalty.

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