That’s correct.Stinky can clarify if I'm wrong, but I don't think there is any competition among brokers when it comes to the price/yield for MYGAs. So while you can comparison shop different MYGAs, any specific MYGA quoted for the same level of investment will offer the same yield regardless of who sells it.Very simple. This was the best rate for an A rated company I could find.
You could buy the same American National (or any other company’s) MYGA, at the same credited rate, from dozens of agents nationwide. A few of them have a large internet presence and sell nationwide, but many more are just local agents.
While annuity agents don’t compete on “price” (that is, the credited rate to the company consumer), they can compete in other “soft” areas, such as -
—- Qualify of website
—- Breadth of companies and products offered
—- Number of states licensed to write business
—- Educational materials (videos, podcasts, webinars, etc)
As a person who has bought a number of MYGAs, I’ve found it useful to purchase primarily through one or two agencies. At the very least, you can get a personal relationship with the agency rep, and they can shorten the application process by pre-filling with data they already have on you.
Statistics: Posted by Stinky — Wed Oct 15, 2025 7:09 pm — Replies 3867 — Views 656595