A Multi-Year Guaranteed Annuity is a safe and predictable account that provides a guaranteed interest rate for a specified time (typically 2 to 10 years).

 

You choose the length of time that fits your needs and goals. You also decide how much money to deposit.

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It is all very simple and predictable. Multi-Year Guaranteed Annuities offer higher interest rates that allow your money to grow faster. 

 

 

Today you can lock-in a 3-year guaranteed rate of 5.60%*.

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You can reinvest the interest to grow your balance, or you can choose to receive the interest every month. 

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After 3-years (with a 3-Year Guaranteed Annuity) you are free to withdraw all of your money without penalty or fees. Or you can start a new guarantee period.

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If you wanted a shorter guarantee period, usually the interest rate will be slightly lower. 

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If you prefer a longer guarantee period (up to 20-years is available), the interest rate will be slightly lower. A ten-year rate today of 5.25% is a good example. 

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All choices are simple to understand, predictable and 100% guaranteed upfront.

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During the accumulation, or deferral period, your money will be invested with an insurance company and grow on a tax-deferred basis.

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Multi-Year Guaranteed Annuities are often used for IRA funds or for part of a 401(k) rollover.

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Sometimes they are appropriate for excess cash that may be sitting currently in savings or checking accounts.

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To summarize, a Multi-Year Guaranteed Annuity is an account where you receive a guaranteed interest rate for a selected period of time. 

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Why we really like Multi-Year Guaranteed Annuities:

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• Interest rates for annuities are significantly higher than other safe options. We compare CD rates in the Toledo, Ohio area every week.

• Everyone needs some portion of their retirement savings in an account that cannot go down in value.

• A Multi-Year Guaranteed Annuity is an account you can easily describe to your family and friends. You can confidently say, "it's an account where I earn 5.60% for 3-years. I can allow it to grow, or I can take income whenever I want".

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