Type of Annuities
Different Goals. Different Needs. The Right Annuity for You.
Annuities can be a valuable part of your retirement strategy. Each type offers unique benefits and features designed to help you build income, protect your savings, and create greater financial security. Explore the different types of annuities below to learn how they may fit your goals and lifestyle.
MYGA
Multi-Year Guaranteed Annuity
A MYGA (Multi-Year Guaranteed Annuity) is a fixed annuity that provides a guaranteed interest rate for a specific period of time—typically 3, 5, 7, or 10 years. It’s designed for people who want predictable growth, protection from market fluctuations, and tax-deferred growth for eligible funds. MYGAs can be a great option if you're looking for stability and peace of mind in your retirement plan
DIA
Deferred Income Annuity
A DIA (Deferred Income Annuity) allows you to set aside money for a period of time before you begin receiving income. It can be a good choice if you’re not ready for income now but want to lock in a future income stream. With a DIA, you get the potential for growth today and the peace of mind of future guaranteed income.
SPIA
Single Premium Immediate Annuity
A SPIA (Single Premium Immediate Annuity) turns your lump sum into a guaranteed stream of income, often starting within a short period of time. It’s designed for those who want reliable, predictable income for life or a set period. A SPIA can help ensure you won’t outlive your money, but it comes with certain trade-offs, such as limited liquidity and specific death-benefit options depending on the contract.
Fixed Index Annuity
Growth Potential With Protection
A Fixed Index Annuity (FIA) offers the potential for interest credits linked to the performance of a market index, while providing protection from direct market losses. You can benefit from market-linked upside potential without being directly invested in the stock market. A fixed index annuity can be an option for those who want growth potential combined with a level of protection for their retirement savings.
Income Ride
Added Lifetime Income Protection
An income rider is an optional feature that can be added to certain annuity contracts and may provide a stream of lifetime income based on the terms of the rider. It can help protect your retirement income and give you more confidence in your long-term financial plan. Not all annuities include an income rider, and availability and features can vary by carrier and contract.
Plan Today. Live Tomorrow.
Education First. Honesty. Transparency.
At My Annuity Agents, our goal is to help you understand your options before making a retirement decision. Every person's financial situation is different, and there is no single annuity that is right for everyone.
We believe in education first, honesty, and transparency—so you can understand how each annuity works, the potential benefits, the limitations, and how it may fit into your overall retirement strategy.