Excellent choice for a MYGA Great place for a do-it-yourselfer, or anyone, to purchase a MYGA. Interest rates are higher than MYGA's that are sold by commissioned financial reps. Online application process is quick and simple - just be sure to follow the instructions properly. Before purchasing a MYGA, or other annuity product, check your own state's Insurance Guaranty Association to understand your protection limits.

Overall Easy and Fast Process Originally researched online and had a couple policy questions, so I called. Canvas was able to answer my questions completely. Applied online a few days later and all went pretty well. Only suggestion would be to identify all required fields on all forms/screens; needed to use "chat" to clarify that I was not able to process beneficiaries without including email addresses. Overall though, pretty easy and fast process.

Would have given a zero star if… Update. Finally received a phone call. Nice person and was given the explanation that it “will take a couple weeks” before the policy and documents will appear. Was able to set up the portal and did finally receive the policy confirmation in the portal of a policy number. Almost 2 weeks from the time the cash was out of my account until the policy was issued and started earning interest. Some sort of confirmation of a policy application and payment of interest from the day they have your cash would be a great improvement for Canvas. Initial review: Would have given a zero star if possible. Authorized ACH premium payment. They took the money immediately out of my account but never sent any documents - no policy to be found. Emailed and called and left a message and no reply. Do not be the next victim. Will for sure be a long and protracted legal process to hopefully some day recover something. Will update if there is a different outcome but thus far this company appears to not be legit.

Very straightforward application Very straightforward application. Easy to complete online.

Great rates, great service I'm not savvy with online banking, transfers or even email. I wouldn't have been able to transfer the money without the customer support. She literally guided me through the process even though I kept making mistakes , costing her time. When transferring from another investment or brokerage the application process was to difficult for me. I would have gave up and put my money elsewhere if it hadn't been for Nicole.