Rate effective 11/1/2022, subject to change. Not a recommendation or financial advice. Early withdrawals may be subject to surrender charges, adjustments, and tax penalties, which may result in loss of principal. See contract disclosures for details. Contract features and availability may vary by state (single premium deferred fixed annuity form 18IFDAP and ICC18IFDAP/ICC18IFDANP). Guarantees are based on the claims paying ability of Nassau Life and Annuity Company (Hartford, CT). Wesley W. Warren is an independent insurance producer and not an affiliate of Nassau Life and Annuity Company.
Wesley W. Warren and W. W. Warren Insurance Group, Inc. dba FSS Group will not sell, share or otherwise disseminate any information you provide to us on this website (www.yoursafemoney.net) without your express written consent. Your information is being collected so that we may provide you with the Insider’s Guide to MYGA’s and follow up to answer any questions you may have regarding the products and services we offer, including multi-year guaranteed annuities/MYGA’s. You can easily opt out of any emails we may send to you.
MYGA is shorthand for Multi-Year Guaranteed Annuity. It is a contract with an insurance company that provides a guaranteed rate of interest for a set number of years, typically, anywhere from two to ten years. Some people might say it is a lot like having a CD with an insurance company, although insurance companies do not offer CD’s. However, there are some advantages over CD’s.
1 Source: bankrate.com/banking/cds/cd-rates/ 9/29/22; AnnuityRateWatch.com 9/29/22
2 Withdrawals form tax-deferred annuities prior to age 59 ½ may incur a 10% penalty tax
Since 1974, FSS Group has been providing pre-retirees and retirees with honest advice on retirement and insurance issues. Our family-owned business is an independent distributor of insurance products and can provide MYGA’s of various durations to suit your needs.
Exclusive rights to this material belongs to GPS. Unauthorized use of the material is prohibited. Wesley W. Warren, ChFC®, CLU®, RICP®, dba FSS Group is a licensed insurance agent in the states of AZ, CA, FL, IL, LA, MI, NC, OK, TX and VA. National Producer Number 1233005. This message is not intended for any state where Wesley Warren is not properly licensed. This is not an offer for investments or investment advice.