top of page
Image by Karim MANJRA
Inshrance logo.png

IceBridge Insurance

Global risk management solutions

Multi-Year Guaranteed Annuity

A Multi-Year Guaranteed Annuity (MYGA) is a type of fixed annuity that provides a guaranteed interest rate for a specified period, typically ranging from 3 to 10 years.

 

MYGAs function similarly to certificates of deposit (CDs) but are issued by insurance companies rather than banks. When you purchase a MYGA, you agree to leave your funds in the annuity for the duration of the term in exchange for a fixed interest rate that is guaranteed not to change during that period. This makes MYGAs a low-risk investment option, ideal for conservative investors seeking stable, predictable returns.

 

One of the key advantages of MYGAs is tax-deferred growth, meaning you do not pay taxes on the interest earned until you withdraw the funds. This allows your investment to grow more efficiently over time, as the compounding effect is not reduced by annual taxes.

Image by Amol Tyagi

Upon maturity of the MYGA, you have several options for managing your funds. You can choose to annuitize the contract, which means converting the lump sum into a stream of periodic payments, often for the remainder of your life. 

​

 Alternatively, you can make a tax-free 1035 exchange into a new annuity, which allows you to transfer the funds without incurring any immediate tax liability. This strategy can extend the tax-deferred benefits of your investment, as the funds continue to grow without being subject to taxes until withdrawal.

 

Additionally, you may have the option to withdraw the funds as a lump sum or renew the MYGA for another term, depending on the terms of your contract. These flexible options make MYGAs a versatile tool for long-term financial planning, particularly for those looking to maximize tax-deferred growth and secure a stable income stream in retirement.

Caregiver with Patient

A 1035 exchange into another annuity with a Long-Term Care (LTC) rider can be a strategic move for investors looking to combine the benefits of tax-deferred growth with protection against future long-term care expenses.

 

A 1035 exchange allows you to transfer funds from one annuity to another without triggering immediate tax consequences, preserving the tax-deferred status of your investment. By choosing an annuity with an LTC rider, you gain the added benefit of accessing your annuity's value to cover qualified long-term care costs, such as nursing home care, in-home care, or assisted living facilities.

 

The LTC rider typically provides a multiplier or enhanced benefit, allowing you to access more than the annuity's account value to pay for care, depending on the terms of the contract.

​

One of the most significant advantages of this strategy is the potential for tax-free access to funds when used for long-term care. If the investor goes on an LTC claim and the entire amount of the annuity is spent on qualified long-term care expenses, there are no tax consequences for the investor.

 

This is because the IRS allows withdrawals for qualified long-term care costs to be treated as tax-free, provided the annuity includes an LTC rider and the expenses meet the necessary criteria. This feature not only provides financial security for future care needs but also ensures that the investor can utilize the full value of the annuity without the burden of taxes, making it a powerful tool for both retirement planning and long-term care protection.

IceBridge Insurance is a marketing name (DBA) of Anatoly Iofe, independent agent
​

​​Disclaimer

​

IceBridge Insurance is a marketing name (DBA) of Anatoly Iofe. Anatoly Iofe is an independent insurance agent.

​

Securities offered through The Leaders Group, Inc. Securities Dealer, Member FINRA/SIPC;

26 W Dry Creek Circle, Suite 800, Littleton, CO 80120. 303-797-9080

 

IceBridge Insurance is not affiliated with The Leaders Group, Inc. 

​

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. 

​

Nothing on this site constitutes an offer to enter into an insurance contract. This is only a summary and shall not bind the company or require the company to offer or write any insurance at any particular rate or to any particular group or individual. The information on this site does and will not affect, modify or supersede in any way the policy, certificate of insurance and governing policy documents (together the "Insurance Contract"). The actual rates and benefits are governed by the Insurance Contract and nothing else. Benefits are subject to exclusions and limitations.

​

Notice for Non-U.S.visitors

​

Our website has been published in the United States for residents of the United States only. This site is not intended for use by, or to provide any information to, investors outside of the United States, and such visitors should not rely on any information or material appearing on the site. IceBridge Insurance reserves the right to require proof of residence from any user accessing the site and requesting information. Visitors outside of the United States are subject to insurance,  securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Nothing on this site shall be construed to be a solicitation to buy or offer to sell any security, product or service to any non-U.S. visitor, nor shall any such security, product or service be solicited, offered or sold in any jurisdiction where such activity would be contrary to the insurance or securities laws or other local laws and regulations, or would subject IceBridge Insurance, or any of its affiliates to any registration requirement within such jurisdiction.

​

Experience matters

Address

433 Plaza Real, suite 275

Boca Raton, FL 33487, USA

By appointment only

+1(561) 778-5060

Info@ifg.one

© 2025 by IceBridge Insurance. All rights reserved

finra.png
  • Facebook
  • Twitter
  • LinkedIn
bottom of page