MYGA vs. Fixed Indexed Annuity

Compare predictable fixed-rate periods with index-linked interest-crediting potential.

The planning principle

A multi-year guaranteed annuity generally emphasizes a stated fixed rate for a specified period. A fixed indexed annuity uses index-linked crediting formulas. Liquidity, surrender schedules, renewal terms, and the intended use of the money matter as much as the headline rate.

What to review

Start with the financial objective, then compare contract provisions, affordability, guarantees, non-guaranteed elements where applicable, and the consequences of changing the plan later. Product availability and underwriting vary.

Educational information only. This page is not tax, legal, investment, or individualized insurance advice. Review actual carrier and policy materials before making a decision.