As with Oracle SQL programs, we can invoke a PL/SQL program either by typing it in sqlplus or by putting the code in a file and invoking the file in the various ways we learned in Getting Started With Oracle.
MYGA â aka âFixed Rate Annuityâ Fixed Rate Annuities function a lot like CDs, and are referred to in the industry as âMulti Year Rate Guaranteedâ annuities (MYGAs). In essence, MYGAs are CDsâ¦.but with tax deferral, and are typically purchased with a single premium amount of money.
In essence, the longevity annuity is providing longevity insurance against the retirement portfolio and creates an âend pointâ (when the longevity annuity payments begin) that most retirement plans donât have when the retiree otherwise doesnât know how long he/she will live.