I have $880k in a ladder at Schwab. It generates an average of $3600/mo (pre-tax). Of note, I put this ladder together over the past year or so ago when i was able to snag 4 and 5 year CDs at 5%+. Currently, not possible.
While CD rates have indeed dropped, MYGAs could be an option as there are still 5+% 5-year (& 7-year) MYGAs available. At least at StanTheAnnuityMan. So I assume Blueprint and others have similar/the same.
Here's a good place to search to see options. Many A, A+ and even a couple A++ rated carriers.
I personally have a love/hate with MYGAS..
Love: Better yield than CDs. Can defer dividends to future years and do a rollover at maturity if desired. Great for controlling taxable income. In many cases (check the list), up to 10% annual withdrawals (interest first, then principle).
Hate: Very slow to open (weeks, up to a month or more). Complicated. Lengthy contracts that can be difficult to make sense of (though I have background in big, complex contracts so can manage..but even then, can be a PITA to wade through and understand). Often very antiquated account websites. Limited info available - basically balance, maturity date, and a few other basic pieces of info. And if you're like me and trying to forecast income to the penny...hahahahaha. Generally, not possible. That's because (at least in my experience), Insurance companies will do all sorts of wonky things on what day they actually withdraw interest. You can say "withdraw accumulated earnings every month on the 28th". Some times, that will happen. But odd things like the 28th being on a weekend..they might pull it on the 26th, 30th, Heavens knows. I've literally gotten interest payments that can be as much as $20-$60 off my forecast. No idea why, and chasing that down can be time consuming.
I've bought MYGAs through Fidelity, Blueprint Income and Stan the Annuity Man. To date, Stan's team by far has the best overall "customer service". Not to say they are perfect by any means but he's told me he tries to differentiate on customer service, and so far, that's aligned with my overall experience.
That said, OP seemed more interested in capital preservation than income. And that opens up another whole can of worms on CDs/MYGAs/Treasuries vs. iBonds/TIPS. The former is great for generating interest to pay the bills. The latter great for ensuring your purchasing power doesn't erode and will maintain current levels with certainty, into the future.
Bottom line..depends on what you're attempting to do. The CDs I bought 3 or more years ago are now worth 82 cents on the dollar due to 18% cumulative inflation over that time. Sure, I've gotten 3-5% dividends, but my principal has eroded, and that sucks. iBonds/TIPS would ensure that doesn't happen, but don't throw off much income. So really depends on one's goals, and owning some of both (we do) to address different needs often makes sense.
Hope that helps!
