A MYGA is a fixed annuity with a stated term
MYGA stands for multi-year guaranteed annuity. The contract credits a stated rate for a specified number of years, while withdrawal and renewal rules remain contract-specific.
Compare more than the rate
Term
How long is the stated rate guaranteed?
Access
What can you withdraw without a surrender charge?
Renewal
What happens when the guarantee period ends?
Issuer
Which insurance company backs the contract?
Primary sources
Reviewed September 9, 2026