ShokWaveRider
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When choosing a 5, 4 or 3 year MYGA, should one really be concerned whether they are rated A, A+ or A++? Is there a meaningful difference for these contract periods?
I agree that the difference is negligible but I think being insurance companies the issuers move at a glacial pace compared to brokers. I would not count on them being very responsive. I only have experience with A rated Americo but it seems like they move at their own pace and follow up calls are routine. I still like MYGAs and I would be OK with a B+ rating.The difference in credit risk between A++, A+ or A over 5 years is probably negligible. Besides, if the company goes sideways and you're quick enough you can always withdraw everything and pay the surrender charge and limit the bleeding.