---
title: "Multi-Year Guaranteed Annuity (MYGA) Sales Guide: The Simple Annuity Clients Love"
description: "MYGAs are the easiest annuity to explain and sell. Fixed rates, simple terms, and CD-beating returns. Here's the complete guide."
url: https://unlockedcrm.ai/blog/multi-year-guaranteed-annuity-myga-guide
canonical: https://unlockedcrm.ai/blog/multi-year-guaranteed-annuity-myga-guide
category: "Life & Annuity"
published: 2026-11-28
author: "Jacob Lock"
source: unLocked CRM — AI CRM for insurance agents
---

# Multi-Year Guaranteed Annuity (MYGA) Sales Guide: The Simple Annuity Clients Love

## TL;DR

MYGA sales exceeded $58B in 2025. 2026 5-year rates: 4.5–5.5% vs CD 3.5–4.2%. Tax-deferred advantage: $200K at 5% for 5 years = $15,600 more than a taxable CD. Simplest annuity to explain and sell.

## Key data points

- MYGA sales exceeded $58 billion in 2025
- 2026 MYGA 5-year rates range 4.5–5.5% vs CD rates of 3.5–4.2%
- Tax-deferred MYGA earns $15,600 more than a taxable CD on $200K over 5 years
- MYGAs are the simplest annuity product to explain and sell

# MYGA Sales Guide

Multi-Year Guaranteed Annuities are the simplest annuity product to explain, sell, and service. They work like CDs but with higher rates, tax-deferred growth, and insurance company guarantees. MYGA sales exceeded $58 billion in 2025.

## How MYGAs Work

- Client deposits a lump sum (typically $25K–$500K+)
- Carrier guarantees a fixed interest rate for a set term (3, 5, 7, or 10 years)
- Interest grows tax-deferred (no annual 1099)
- At term end: renew, withdraw, or 1035 exchange
- Protected by state insurance guaranty associations

## MYGA vs. CD Comparison

| Feature | MYGA | Bank CD |
|---------|------|---------|
| 5-Year Rate (2026) | 4.5–5.5% | 3.5–4.2% |
| Tax Treatment | Tax-deferred | Taxed annually |
| FDIC/Guaranty | State guaranty (varies) | FDIC $250K |
| Early Withdrawal | Surrender charges | Early withdrawal penalty |
| Minimum | $10K–$25K | $500–$1K |

## Sales Positioning

**Target clients**: Conservative savers with CD maturities, retirees seeking guaranteed rates, tax-conscious investors wanting deferral.

**The conversation**: "Your CD is maturing at 3.8%. I can show you a guaranteed 5.2% for 5 years with the same safety — plus you won't pay taxes on the interest until you withdraw it. Want to see how much more you'd earn?"

**Tax advantage illustration**: $200K at 5% for 5 years. CD (taxed at 24%): grows to $239,700. MYGA (tax-deferred): grows to $255,300. Difference: $15,600 more with MYGA.

## Compliance Notes

- MYGAs are insurance products, not bank products — explain guaranty association vs. FDIC
- Suitability documentation required (NAIC best interest standard)
- Surrender charge schedule must be clearly disclosed
- Not suitable for funds needed before term end

unLocked CRM's annuity quoting compares MYGA rates across carriers instantly, showing guaranteed rates, surrender schedules, and carrier financial ratings side-by-side.

## FAQ

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## Related

- https://unlockedcrm.ai/blog/fixed-indexed-annuity-sales-strategies
- https://unlockedcrm.ai/blog/annuity-income-rider-comparison

---

Source: [Multi-Year Guaranteed Annuity (MYGA) Sales Guide: The Simple Annuity Clients Love](https://unlockedcrm.ai/blog/multi-year-guaranteed-annuity-myga-guide) — unLocked CRM, the AI CRM built for insurance agents. Citation permitted with attribution and a link to https://unlockedcrm.ai/blog/multi-year-guaranteed-annuity-myga-guide.