Moon Insurance Managers, Inc. · TDI license #5595
Fixed Annuities
A fixed annuity is a contract with an insurance company. It guarantees a minimum interest rate and may credit a higher current rate under rules the contract defines. A multi-year guaranteed annuity, or MYGA, is a narrower design that guarantees a declared rate for a stated multi-year period — so do not assume every fixed annuity works like one.
A deferred contract may later support withdrawals or a payout election. Income for life is not automatic: it requires an applicable life-contingent payout option or contract feature. Contracts can also include beneficiary provisions.
Surrender charges, free-withdrawal terms, any market value adjustment, the tax rules, and which payout you elect can all change the result materially. Texas gives a fixed-annuity buyer at least 20 days to review a delivered contract, and a qualifying replacement carries 30 days.
Sources: TDI — Annuities Guide; Tex. Ins. Code § 1116.002 — 20-day rescission. Verified .
Why this page is short
We are not making an annuity recommendation here
Texas requires a producer to complete annuity-specific certification and continuing education before selling or soliciting an annuity, on top of the agency’s license. While that certification and transaction authority are unconfirmed, Moon is not offering an annuity recommendation through this page — no quote, no proposal review, no form. That is a deliberate limit, not an oversight: the alternative was a long page hedging every sentence in it.
Where to go instead
If you know what you actually need
If the need is a benefit paid after a death rather than management of existing savings, start with individual life insurance. For how applications, replacements and the surrounding paperwork run, read the application and replacement process.
For anything else, call (281) 484-8320 and ask where the question belongs.
360 FM 1959, Houston, TX77034.