Most customers evaluate the following features of a fixed annuities aka MYGAs:
- Availability in Customer’s Home State
- Guaranteed Interest Rate %
- Interest Type (Simple vs. Compound)
- Issuer/Carrier Rating
- Product Term
- Penalty-Free Withdrawals
- RMD Friendliness
- Death Benefit
- Ownership Type
- Tax Status
- Funding Source
- Max Owner Age
- Beneficiaries
- Rate Lock / Funding Timing Guidelines
- Free Look Period
- Surrender Charge Schedule
- MVA (Market Value Adjustment)
- End of Term Options
- Any Fees
- Any Optional Riders & Their Costs
- Agent Commission
- Principal Guaranteed
- Tax-Deferred Growth
