Guggenheim Preserve MYGA 3 Fixed Annuity
Minimum Deposit: $10,000 | 4.00% APY
The Guggenheim Life and Annuity Preserve MYGA 3 is a 3 year fixed annuity designed to be a high-yield retirement savings account. It is a CD Type of Annuity that pays 4.00% for 3 years.
A fixed annuity or MYGA may be suitable for conservative investors who are looking for a safe and steady way to grow their retirement savings.
Guggenheim Preserve MYGA 3 Overview
It’s never too early to start planning for retirement. Selecting a strategy that works best involves assessing your goals, time horizon, and risk tolerance.
A single premium deferred annuity is a product that, for a single initial investment, earns a fixed rate of interest allowing your money to grow on a tax-deferred basis until you decide to begin receiving annuity payments.
Preserve Multi-Year Guaranteed Annuity, a single premium deferred annuity, offers a guaranteed interest rate for the entire 3-year guarantee period.
The Guggenheim Preserve MYGA 3 may be appropriate for individuals who:
- Want a CD alternative due to low CD rates.
- Seek to accumulate money for retirement.
- Have a conservative risk tolerance and want to invest an inheritance or other lump sum.
- Want to secure a fixed annuity payment but not immediate income.
1. Withdrawal any amount free of charges and fees.
2. If you do nothing, the contract renews for the same term at the rates available at that time. Renewal rates for guarantee periods will be based on current economic conditions and are guaranteed to be no less than the guaranteed minimum interest rate of 1.00%.
Base rate | 4.00% |
Rate guaranteed | 3 years |
Guaranteed yield to surrender | 4.00% |
Guaranteed minimum renewal rate | 1.00% |
Yes | |
Return of premium | No |
PREMIUM PAYMENTS | |
Type | Single |
Maximum | $1,000,000 |
Minimum | $10,000 |
| Free Look Period | 30 Days |
AGE RESTRICTIONS | |
Owner | 0 – 90 |
Annuitant | 0 – 90 |
GUARANTEED RATE LOCK PERIOD
The rate is locked IN for 45 days from the date the application is signed. If the funds are received after that period the rate might be subject to change and you will receive the rate in effect at that time.
FREE-LOOK PERIOD
30 days prior to the end of your contract term, you will have the option to choose from the following.
WITHDRAWALS
- Free Withdrawals: Interest Only in the 1st year and 10% in years two and three.
- Interest-only withdrawals: Yes
- Cumulative: No
- Market value adjustment (MVA): Yes
- Return of premium: No
Taxes:
In general, annuities grow tax-deferred, meaning you don’t pay taxes until you withdraw your money from the annuity.
When you withdraw from your annuity the interest earned will be taxed at your ordinary-income tax rate.
Non-Qualified Annuity
Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you have earned will be taxed as ordinary income.
Qualified Annuity
Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.
Roth IRA Annuity
Withdrawals from Roth IRA annuities are tax-free if the IRS requirements are met.
Early-Withdrawals
If you withdraw money from your annuity before you turn age 59½, you may receive a 10% IRS penalty in addition to paying ordinary income taxes.
Pros of the Guggenheim Preserve MYGA 3 Year Fixed Annuity
- Pays a guaranteed interest rate much higher than current CD Rates are paying.
- Your interest grows tax-deferred meaning you do not pay taxes on your interest until you withdraw it from your annuity.
- The death benefit is full account value and may avoid probate.
- Liquidity options provide you the access to the money that you need.
Not available in: NY, PR, VI
Visit our online annuity marketplace to view and compare more Fixed Annuity Rates. If you’d like an opportunity for more upside potential while maintaining principle protection you may want to consider a fixed index annuity.
Guggenheim Annuity Quote
About Guggenheim Life and Annuity
Group One Thousand One, LLC (“Group 1001”) is an insurance holding company in the United States, with combined assets under management of approximately $59 billion as of December 31. 2021.
Group 1001 is a long-standing, nimble, and tech-driven financial services enterprise established on deep industry expertise and reliable delivery of long-term value through empowering its customers, employees, and communities. Leveraging upon its record of building successful businesses and strong operating fundamentals, Group 1001 powers the next generation of insurance businesses with useful and intuitive solutions and products accessible to everyone.
Group 1001 invests in strategic partnerships as part of our mission to transform communities through sports and education.
Guggenheim Life and Annuity Company and other businesses within “Guggenheim Insurance” are now part of Group 1001 and are no longer subsidiaries of Guggenheim Capital, LLC.
On a mission for setting a new standard in the insurance industry by making insurance more useful and intuitive for everyone, the Group 1001 companies offer life and annuity, property and casualty, and health insurance in addition to other products providing clients with innovative solutions. Learn more at www.group1001.com.
Top 3 Year Fixed Annuity Rates
| Term | Annuity Company | Rate | Insurer Profile | Annuity | AM Best | Apply Online |
|---|---|---|---|---|---|---|
| 3 Years | 
| 5.70% Simple | Ibexis | MYGA Plus | A- | Apply |
| 3 Years | 
| 5.50% | Farmers Life | Safeguard Plus | B++ | Apply |
| 3 Years | 
| 5.40% | SILAC | Secure Savings Elite | B+ | Apply |
| 3 Years | 
| 5.25% | American Life | American Classic | B++ | Apply |
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