No, annuities are not FDIC insured.

However, if an insurance company fails, your annuity may still be protected through state guaranty associations, which provide coverage up to certain limits. Each state has its own regulations regarding this protection, typically safeguarding a portion of your annuity’s value. It's important to understand the coverage limits. To learn more about state guaranty associations, visit https://nolhga.com/

A Multi-Year Guaranteed Annuity (MYGA) is a type of fixed annuity that offers a guaranteed interest rate for a specified period, usually ranging from 3 to 10 years. It provides stable, guaranteed returns and a tax-deferred growth structure, making it a secure option for savings.

FastBreak™ is a high rate savings product that grows your money non-tax deferred meaning you can earn and withdraw your money at any age, unlike most traditional annuities where you can only withdraw your money after 59.5 years old to avoid penalty from the IRS.

FastBreak™ grows more similarly to a Certificate of Deposit than a traditional annuity.

You can withdraw your money at the the end of your term.

Alternatively, you can withdraw up to 10% your initial premium in the first year or, starting in the second year, your can withdraw up to 10% of the contract anniversary's contract value.

These are the maximum amounts your can withdraw without incurring a surrender charge or market value adjustment in a given contract year. We recommend reviewing your annuity contract for specific terms and potential penalties related to withdrawals.