Rate Increase
3 Year MYGA 2.20% - Comp 1.80% - "A-" carrier.
Best Rate for Short Term Money
Happy Friday! One of our A- rated carriers is actively seeking 3 year funds. Effective Tuesday January 16th, your clients can receive a 2.20% rate on their 3 year MYGAs. This traditional contract provides 10% penalty free withdrawals in years 2 and 3, pays full account value at death and allows systematic withdrawals. With the 2.20% rate and the liquidity benefits, this is THE 3 year contract for your clients. The minimum premium to open is $10,000. Non-qualified, Traditional IRA and Roth IRA funds are all accepted.
For you the agent, the 1.80% commission paid through issue age 80 is solid. For ages 81-85 the commission is 0.90%.
When you see the need for a short term MYGA solution, call me!
Sincerely,
David W. Smith
Vice President of Annuities
The ASA Group
11807 Hinson Road, Little Rock, AR 72212