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	<title>New answer on: What Is A Modified Guaranteed Annuities?</title>

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		<title>By: David Racich</title>

		<link>https://www.insurancelibrary.com/annuities/what-is-a-modified-guaranteed-annuities</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Wed, 29 May 2013 17:20:06 +0000</pubDate>

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		<description><![CDATA[A modified guaranteed annuity (MGA) is a deferred annuity that guarantees principal and a rate of interest credited to deposits for a fixed time period, some up to up ten years. Any early withdrawals from or surrender of an MGA before the expiration period will more than likely be subject to a market value adjustment, a possible withdrawal charge and exposure to ordinary income taxes. These types of annuities are hold positions and should not be purchased if liquidity is a high priority of the saver.
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