Are 5-Year MYGA Rates Peaking? A Look at the Trend

The 5-year MYGA market has been the sweet spot for conservative investors. But are we at the peak? Current top 5-year rates from CANNEX: Atlantic Coast Life : 6.65% (AM Best: NR) Atlantic Coast Life : 6.55% (AM Best: NR) Knighthead Life : 6.30% (AM Best: NR) With the Fed signaling potential rate cuts in the next 12 months, locking in today's rates may look smart in hindsight. The 5-year term balances yield with flexibility — you're not locked in for a decade but get better rates than a 3-year. Discussion: Are you recommending 5-year MYGAs to clients right now, or waiting for potential rate increases?