This rate is dropping from 3.00% to 2.65% on July 1st. Speak with a registered agent by emailing support@annuityfyi.com or calling 1-866-223-2121.
Finding a plain vanilla fixed annuity offering an attractive interest rate in this era of rock bottom rates is no small affair. So when one occasionally comes to our attention, as it has, we make a point of getting the word out.
Sagicor Life Insurance Company, which boasts a stellar A- rating from A.M. Best, is offering a five year multi-year guaranteed annuity (MYGA) paying 3.00% annually. This deal is available this month only and requires a minimum investment of $100,000. The rate will drop on July 1st. If you are interested in the Milestone MYGA 5, please contact Annuity FYI today.
This rate is the best currently available and is more than twice as generous as the best-paying five year bank certificates of deposit. The Sagicor Milestone MYGA 5 offers no penalty-free withdrawals in the first year of ownership but investors thereafter can withdraw 10% annually, penalty-free.
For perspective, the next highest-paying five year MYGA with an A rating – one offered by Americo Life (rated A by A.M. Best) pays 2.7%.
Will interest rates remain low indefinitely? Maybe not, as inflation has reared its head again. But the Federal Reserve appears unconcerned and has said publicly it won’t be increasing interest rates anytime soon.
This rate is dropping from 3.00% to 2.65% on July 1st. Speak with a registered agent by emailing support@annuityfyi.com or calling 1-866-223-2121.
