Pillar Life Insurance | Best MYGA Annuity Rates

Introducing PillarMAX

Our most competitive and comprehensive MYGA rates, terms, and benefits ever offered.

No agent, broker or commission fees
Best MYGA rates
Tax deferred growth
Safe, secure, easy to use platform

MYGAs (Multi Year Guaranteed Annuities) offer a safe and guaranteed approach to growing your money with a fixed return while shielding your assets from market volatility. Now with PillarMAX, you can have the confidence knowing that you are getting the best MYGA rates with a brand you trust.

At Pillar Life Insurance, we empower our customers to take charge of their financial goals and objectives by offering easy-to-use, self-serve MYGA products that skip the agent/broker.

Our client-first, tech-enabled approach allows you to skip the middleman/commission fees (which is usually collected by the agent/broker) - to you, which enables you to maximize the return on your annuity.

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Rates up to 6.50% Guaranteed

2 Year — 6.00%
3 Year — 6.30%
5 Year — 6.50%
7 Year — 6.35%

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Our Story & History

Pillar was founded and built by leaders in the insurance, capital markets, and risk management industries. With a combined experience of over 100 years, our team comes from management positions within leading brands, such as Barclays, Bloomberg, and GP Capital.

We are BBB accredited, highly rated (A.M. Best B+), and maintain a strong capital foundation to provide security and stability to our clients. What does this mean for you? Reliable, guaranteed income.

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Multi Year Guaranteed Annuity FAQs

Are MYGAs right for me?

Whether a MYGA or something else is right for you will depend upon the specifics of your situation. For those nearing retirement who would like a safe place to lock in their money with a guaranteed return, a MYGA may be a worthwhile choice. Annuities often grant tax deferral benefits that can be an advantage if you are close to retirement. Those with a longer investment horizon may find options with more risk that better fulfill their goals.

How do interest rates compare?

MYGA’s have explicit growth rates guarantees whereas the SPDA’s guarantees are embedded in the annuity payoff amount. MYGAs are very transparent about the premium you pay and the surrender values at the end of every year during the guarantee period.

What are the withdrawal requirements?

Annuities cannot begin disbursements before age 59 and a half without incurring a tax penalty and there are surrender charges on any distributions during the rate guarantee period that further reduce the net return on the contract. This means that SPDAs and MYGAs should not be treated as short term savings accounts.

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