Why MYGAs are enjoying a renaissance
June 1, 2023 by Susan Rupe
It’s the golden age of MYGAs, one annuity expert declared, as sales of multi-year guaranteed annuities more than doubled between 2021 and 2022.
A recent webinar by the National Association for Fixed Annuities delved into the reasons why MYGAs are reaping the benefits of what another expert called “a perfect storm” that combined a record-breaking drop in the bond market and the worst equity performance since 2008 with a rising interest rate environment.
Multi-year guaranteed annuity sales in the fourth quarter were $35.5 billion, Wink Inc. reported last week.
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