Guaranteed interest.
Protection from market volatility.

Looking for a conservative place to grow your money?

Lockton Affinity’s WealthConnect offers Multi-Year Guaranteed Annuities (MYGAs), a fixed annuity product that provides a guaranteed interest rate for a selected term without directly exposing the contract value to stock market fluctuations.

ABOUT WEALTHCONNECT’S MYGA

How a MYGA can support your financial goals

From a longstanding firearm insurance provider, Lockton Affinity also offers WealthConnect, a program available to help individuals explore guaranteed-rate insurance options for a portion of retirement savings with a Multi-Year Guaranteed Annuity (MYGA), a fixed rate annuity product.

A MYGA is a fixed rate annuity product that provides a guaranteed interest rate for a specific time, typically between three and 10 years, offering predictable growth and principal protection. MYGAs are issued by insurance companies and may offer additional benefits, including:

• May offer rates competitive with certain certificates of deposit.
• Tax-deferred growth.
• Many MYGAs permit limited annual withdrawals without a surrender charge. Availability and limits vary by contract.

*Based on rates as of October 9, 2026.

Top

MYGA rates

3 YEARS

5.3% to 5.65%

5 YEARS

5.75% to 6.1%

The WealthConnect MYGA difference

Lockton Affinity’s WealthConnect program has access to top MYGA rates in the marketplace. As a leading program administrator for nearly 40 years, we have long-standing partnerships with some of the nation’s most trusted and stable insurance carriers, ensuring your wealth is protected.

Interested in adding a MYGA to your financial plan? Connect with a Lockton Affinity WealthConnect representative to learn more.

A MYGA may be the right fit if you:

Want principal protection Prefer predictable growth Are nearing or in retirement
Are looking for conservative retirement planning solutions Want to reduce market risk Have cash in low-yield savings accounts or CDs

FREQUENTLY ASKED QUESTIONS

Is a MYGA right for you?

Get answers to your MYGA questions below, or contact the Lockton Affinity team at (800) 624-0169.

MYGA basics

The right solution depends on your goals, time horizon, liquidity needs, and overall financial situation. Lockton Affinity’s WealthConnect provides educational resources and access to professionals who can help you determine if a MYGA fits your retirement planning objectives.

MYGAs are fixed annuity contracts that provide a guaranteed interest rate for a stated period. Contract values are not directly tied to stock market performance. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Withdrawals may be subject to surrender charges and, depending on the contract, a market value adjustment.

When you purchase a MYGA, your money earns a fixed interest rate for a guaranteed period. Your account value grows predictably during the selected term.

At the end of the guarantee period, you may be able to renew into another annuity term, transfer to another annuity, withdraw funds or convert to an income stream.

Both MYGAs and CDs provide guaranteed interest rates for a period of time, but there are several key differences.

Generally, MYGAs are designed for longer-term retirement savings because many MYGAs can be converted into income streams at the end of the guarantee period. Because surrender charges may apply for larger early withdrawals, MYGAs are not recommended for short-term emergency liquidity needs.

Access and
guarantees

A MYGA protects the contract value from direct stock market fluctuations. However, withdrawals exceeding the contract’s permitted amount may be subject to surrender charges and, when applicable, a market value adjustment. All guarantees depend on the issuing insurer’s financial strength and claims-paying ability.

Once the contract is issued, the premium is accepted and the rate is confirmed, the stated rate is guaranteed for the selected term. The rate available before contract issuance may change, and any renewal rate offered after the initial guarantee period may be different.

Most MYGAs allow limited penalty-free withdrawals each year, although rules vary by carrier and contract. Because MYGAs are designed as longer-term retirement planning vehicles, they may not be ideal for funds needed for immediate liquidity.

A MYGA’s contract value is not directly affected by stock market declines. However, taking withdrawals during the surrender period may result in surrender charges and, depending on the contract, a market value adjustment. Guarantees are subject to the issuing insurer’s claims-paying ability.

Surrender charges generally decline over time and vary by carrier and contract. Your contract will clearly outline the surrender schedule and penalty-free withdrawal provisions.

At the end of the guarantee period, you typically enter a renewal window where you may:
• Renew into another MYGA term
• Transfer to another annuity
• Withdraw funds
• Convert the annuity into income payments

No. A MYGA is an insurance contract, not a bank deposit, and is not FDIC insured. Its guarantees are backed by the issuing insurer’s financial strength and claims-paying ability.

Taxes and account details

MYGAs grow tax-deferred, meaning you generally do not pay taxes on interest earnings until funds are withdrawn. This can allow earnings to compound more efficiently over time compared to taxable accounts. Withdrawals may be subject to ordinary income taxes, and withdrawals before age 59½ may incur additional tax penalties.

Yes. Insurance companies generally issue an IRS Form 1099-R for taxable withdrawals, income payments or contract distributions. If no withdrawals are made, you typically do not receive annual taxable interest reporting.

A MYGA may be available for purchase within certain qualified retirement accounts, subject to carrier and product rules. Because an IRA is already tax-advantaged, placing an annuity inside an IRA does not provide additional tax deferral. The annuity may still provide contractual rate guarantees and other insurance features.

Yes. MYGAs allow you to name beneficiaries who may receive the remaining account value upon the owner’s death. Beneficiary payout options vary based on contract terms and applicable tax rules.

LET’S TALK

Contact the Lockton Affinity WealthConnect team

Ready to add a MYGA to your financial plan? Questions about how a MYGA could work for you as an outdoor enthusiast?

Complete the form or contact the Lockton Affinity team directly at [email protected] or (844) 566-0805.

Ready to get started with Lockton Affinity’s WealthConnect offerings?

Please complete the form and we’ll be in touch.