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.
Indexed Annuity. An indexed annuity is a deferred annuity on which your returns are based upon the performance of an underlying index such as the Dow Jones Industrial Average. You make money if the index rises over the course of the annuity term, although in many instances your returns are capped.