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.
A Deferred Annuity With Flexible, Ongoing Payment Options. The Flexible Premium Deferred Annuity is a flexible-premium, deferred annuity that accepts ongoing deposits of as little as $50 per month. There is a one-year interest rate guarantee period on each deposit, which secures the crediting rate for that duration.