Best Fixed Annuity Rates (Updated Daily)

Compare the best fixed annuity rates (MYGA) for 2–10 year terms — updated every business day. View top current rates, insurer financial strength, and withdrawal features below. Want personalized help? Get a custom quote or sign up for rate alerts

  • BBB Accredited A+ Rating
  • 47 States Licensed
  • 20+ Years Annuity Focus
  • Independent Carrier-Neutral
  • 256‑bit SSL Secure Forms

Best Fixed Annuity Rates by Term

As of August 19, 2025, the best fixed annuity rate is 6.60% simple interest for 7 years. 

TermInsurerCompany Annuity RateAM BestFree withdrawalsApplication
2 Years Axonic Annuity Logo AxonicSkyline Growth5.55%A-none yr 1
10% yrs 2
Apply
3 Years Mountain Life Annuity Logo Mountain LifeAlpine Horizon6.00%B+10%Apply
4 Years Nassau Logo NassauSimple Annuity5.50%B++5%Apply
5 Years Mountain Life Annuity Logo Mountain LifeAlpine Horizon6.15%B+none yr 1
5% yrs 2+
Apply
6 Years Nassau Logo NassauNassau Simple Annuity5.75%B++5%Apply
7 Years Knighthead Life Logo thumb on white background. Knighthead LifeStaysail Annuity6.60% SimpleA-NoneApply
8 Years Equitrust Annuity Logo
EquiTrustCertainty Select5.65%B++Interest OnlyApply
9 Years Clear Spring Life and Annuity Logo Clear Spring LifePreserve MYGA5.40%A-None Yr 1
10% Yrs. 2-9
Apply
10 Years Revol One Annuity Logo Thumb Revol OneDirectGrowth MYGA6.00%B++NoneApply

*NOTE: Click on the insurance company or annuity product name for more details. You can find fixed index annuity rates here if you are looking for them instead.

Best 3 Year Annuity Rates

Today’s best 3-year fixed annuity rate is 6.00% as of August 19, 2025.

TermInsurerReviewAnnuityRateAM BestApply
3 Years Mountain Life Annuity Logo Mountain LifeAlpine Horizon6.00%B+Apply
3 Years Revol One Annuity Logo Thumb Revol OneDirectGrowth MYGA5.65%B++Apply
3 Years CL Life Annuity Logo CL LifeCL Sundance5.65%B++Apply
5 Years Knighthead Life Logo thumb on white background. Knighthead LifeStaysail Annuity5.45%A-Apply
3 Years American Life Logo American LifeAmerican Classic 35.35%B++Apply
3 Years Ibexis Annuity Logo Ibexis Synergy Choice 35.22%A-Apply

“Rates shown are for informational purposes only and subject to change before contract issue. Guarantees are backed by the claims-paying ability of the issuing insurer. State variations may apply.”

Best 5 Year Fixed Annuity Rates

Knighthead Life has the best 5-year fixed annuity rate today at 6.45% simple interest. Use the comparison table below to compare the top 5-year fixed annuity rates available today.

TermInsurerAnnuity CompanyAnnuityRateAM BestApply
5 Years Knighthead Life Logo thumb on white background. Knighthead LifeStaysail Annuity6.45% SimpleA-Apply
5 Years Mountain Life Annuity Logo Mountain LifeAlpine Horizon6.15%B+Apply
5 Years Revol One Annuity Logo Thumb DirectGrowth MYGADirectGrowth MYGA5.85%B++Apply
5 Years Revol One Annuity Logo Thumb DirectGrowth MYGADirectGrowth MYGA5.75%B++Apply
5 Years Nassau Logo NassauMyAnnuity5.75%NoneApply
5 Years Farmers Life Logo Farmers Life Safeguard Plus5.60%B++Apply
5 Years Nassau Logo NassauMYAnnuity5.55%B++Apply

“Rates shown are for informational purposes only and subject to change before contract issue. Guarantees are backed by the claims-paying ability of the issuing insurer. State variations may apply.”

Get an Annuity Quote

Best 7 Year Fixed Annuity Rates

Knighthead Life offers the best 7-year fixed annuity rate at 6.60% simple interest.

TermInsurerCompany DetailsAnnuityRateAM BestApply
7 Years Knighthead Life Logo thumb on white background. Knighthead LifeStaysail Annuity6.60% SimpleA-Apply
7 Years Revol One Annuity Logo Thumb Revol OneDirectGrowth MYGA5.85%B++Apply
7 Years Nassau Logo NassauMyAnnuity 75.80%B++Apply
7 Years Ibexis Annuity Logo Ibexis MYGA Plus5.95% SimpleA-Apply
7 YearsAspida Annuity LogoAspidaSynergy Choice5.65%A-Apply

“Rates shown are for informational purposes only and subject to change before contract issue. Guarantees are backed by the claims-paying ability of the issuing insurer. State variations may apply.”

Best 10 Year Fixed Annuity Rates

The best 10-year fixed annuity rate is 6.00% offered by Revol One Life Insurance Company.

TermInsurerReviewAnnuityRateAM BestApplication
10 Years Revol One Annuity Logo Thumb Revol OneDirectGrowth MYGA6.00%B++Apply
10 Years Security Sentinel Life Logo Sentinel SecurityPersonal Choice5.90%B++Apply
10 Years Equitrust Annuity Logo EquitrustCertainty Select5.75%B++Apply
10 Years Farmers Life Logo Farmers Life Safeguard Plus5.65%B++Apply

“Rates shown are for informational purposes only and subject to change before contract issue. Guarantees are backed by the claims-paying ability of the issuing insurer. State variations may apply.”

How to Compare Annuity Rates

  • Surrender Charges: Be aware of surrender charges, which are penalties for withdrawing money before the annuity matures.
  • Insurer Ratings: It’s important to consider the financial ratings of the insurance company issuing the annuity, as your investment is guaranteed by the claims-paying ability of the insurance company. You can learn more about life insurance company ratings.
  • Simple vs. Compound Interest: Note that some rates are listed as “simple interest”, which is not the same as compounding interest. Simple interest may be better if you are withdrawing your interest.
  • Liquidity: Understand the liquidity options offered by each annuity, as the withdrawal restrictions vary by annuity. Some annuities allow you to withdraw your interest, other fixed annuities let you take out 10% per year, and some do not have any liquidity.
 

Simple Interest vs Compounding

Simple interest is like stacking equal-sized bricks each year.  Compound interest is like letting each brick grow little buds that become new bricks next year.

  • Simple Interest: Interest is paid only on the original principal.
  • Compound Interest: Interest earns interest. Each period’s interest is added to the principal before the next period starts.

Simple vs. Compound Growth Calculator

Quickly see the difference compounding can make over time. Adjust inputs, compare totals, then use the insight to position annuity growth conversations.

Simple Ending Balance
$0
Compound Ending Balance
$0
Total Contributions
$0
Principal + Added Funds
Compound Advantage
$0
View Year-by-Year Breakdown
Year Simple Balance Compound Balance Contribution This Year Cumulative Contributions Simple Interest Earned Compound Interest Earned

Educational illustration only; not a projection or guarantee. Real annuity values may differ based on product features, crediting methods, caps, spreads, fees, and surrender schedules.

13 hours ago

Understanding the Types of Annuity Rates

Multi-Year Guaranteed Annuity  (MYGA)

Multi-Year Guaranteed Annuity Rates (MYGA) are set for the length of your contract. Most annuities provide some liquidity but not all; so that is something to keep in mind. 

Variable Annuities

Variable annuities provide an opportunity to invest your contributions in various sub-accounts tied to the performance of the stock market. This flexibility allows for potentially higher returns, but it also comes with increased risk.

Single Premium Immediate Annuity

As the name suggests, a single premium immediate annuity provides a steady stream of income shortly after an investor purchases a contract, usually within 30 days, and always within 13 months.

Traditional Fixed Annuity Rates

Traditional fixed annuity rates do not guarantee a set interest rate for the entire length of the annuity contract. The first years rate is specified and a new rate is set on each anniversary.

Fixed Index Annuity Rates

Fixed index annuity rates combine elements of both fixed and variable annuities. They offer a minimum guaranteed interest rate, similar to fixed annuities, but also provide the potential for additional earnings based on the performance of a stock market index.

Types of Annuities infographic.

What Drives Annuity Rates?

Federal Reserve Building

The Federal Reserve and Annuity Rates

Annuity rates are influenced by US Treasury rates because insurance companies invest much of their assets in high-quality bonds and U.S. Treasuries. This is why current annuity rates often mirror the interest rates available in other fixed-income investments, primarily bonds and U.S. Treasuries. When bond rates increase, annuity rates usually go up as well.

When the Federal Funds Rate goes down, likely, annuity rates will also likely go down. The Fed left the federal funds rate unchanged at 4.25%–4.50% for a fourth consecutive meeting in June 2025.

  • Yield curve snapshot
  • Fed policy & carrier general account allocation
  • Bond spreads

Tax Treatment & After-Tax Yield Advantage

The interest you earn in an annuity grows tax-deferred, which means you don’t have to pay taxes on the interest your annuity earns until you make a withdrawal from your annuity. Generally, earnings from annuities are taxed at your ordinary income tax rate using the LIFO (last in, first out) method.

Ultimately, how your annuity earnings will be taxed depends on the type of funds you use to purchase the annuity.

Below is an example showing how tax deferral could increase your earning power. Consider someone whose Federal Tax bracket is 32% who owns an annuity that earns 4.50%To match those same earnings in a taxable investment, they would have to earn 6.62% instead.

Under current law, annuities grow tax-deferred. An annuity is not required for tax deferral in qualified plans. Annuities may be subject to taxation during the income or withdrawal phase. Neither My Annuity Store, Inc. nor any financial professionals acting on its behalf should be viewed as providing legal, tax, or investment advice. You should be advised to rely on your qualified tax professional.

Top Fixed Annuity Companies (2024–2025 Sales Leaders)

The table below lists the top 10 Annuity Companies for 2024 based on total U.S. Individual fixed annuity sales. To learn more about these companies, visit our annuity company directory.

RankInsurance Company2024 Fixed Annuity Sales (
1Athene Annuity & Life21,155,879
2Massachusetts Mutual Life16,071,784
3Corebridge Financial13,043,253
4New York Life9,460,746
5Global Atlantic Financial Group7,605,065
6Fidelity & Guaranty Life5,052,034
7American National Insurance4,782,840
8Western Southern Group4,771,770
9Delaware Life4,736,445
10Reliance Standard Life Insurance4,021,995
Top 20$120,551,930
Total industry$153,200,000
Top 20 share79%

Fixed Annuities vs CDs (2025 Comparison)

Compare today’s fixed (multi‑year guaranteed) annuities with bank CDs. Both protect principal and offer a guaranteed rate, but taxation, liquidity provisions, beneficiary treatment, and long‑term accumulation potential differ. Use the quick matrix below, then run the mini calculator to see the after‑tax impact of tax deferral.

Feature Fixed (MYGA) Annuity Bank CD
Typical 2025 Multi‑Year Rates* Approx. 4.8% – 6.1% (term & insurer dependent) Approx. 4.2% – 5.4% (national online averages)
Interest Taxation Timing Tax‑deferred; gain taxed when withdrawn (ordinary income) Taxed annually (Form 1099‑INT)
Effective After‑Tax Growth Compounds pre‑tax until distribution; deferral may boost net accumulation Each year’s interest reduced by taxes before compounding further
Early Access Costs Surrender charges & possible market value adjustment (MVA) during surrender period Bank early withdrawal penalty (e.g., 3–12 months of interest)
Free Liquidity Allowance Often 10% of account value annually after year 1 (varies) No partial “free” withdrawals; penalty applies if redeemed early
Guarantees / Coverage Backed by insurer’s claims‑paying ability; state guaranty association coverage (limits, not all states; not FDIC) FDIC or NCUA insured up to applicable limits per depositor
Rate Lock Mechanics Rate locked at issue once funds received within hold period Rate locked at account opening/funding date
Compounding Method Interest compounds tax‑deferred inside contract Interest may compound, but net growth reduced by annual taxation
Beneficiary Transfer Passes to named beneficiaries; avoids probate Part of estate unless TOD/POD or trust titling arranged
Death Proceeds Timing Generally paid promptly upon claim; ordinary income on gain Distributed per account titling; probate delays possible
Use in Rollover / 1035 / IRA Yes (1035 exchange, IRA transfer / rollover) IRA CDs available; no 1035 concept
Suitability / Oversight Insurance suitability standards; disclosure forms Bank CIP / deposit compliance; no insurance suitability review
Minimum Premium / Deposit Often $10k–$25k (some lower) Often $500–$2,500 (online banks frequently lower)
Principal Guarantee Yes, by insurer (subject to claims‑paying ability) Yes, by bank; FDIC/NCUA insurance to limits
Partial 1035 / Ladder Strategy MYGA ladders for future rate resets & liquidity staggering CD ladders widely used for reinvestment flexibility
Typical Use Cases Tax‑efficient accumulation, IRA funding, conservative diversification Short/known time horizon cash reserves, laddering for liquidity
Withdrawal Prior to 59½ May incur 10% IRS penalty on taxable portion (non‑IRA) No 10% penalty (it’s interest income), just bank penalty
RMD Compatibility Yes (coordinate distributions in IRA) Yes (IRA CDs can satisfy RMD when matured or withdrawn)
Inflation Risk Fixed nominal rate; multi‑year commitment Fixed nominal rate; usually shorter average terms

Fixed Annuities vs CD Calculator

Compare today’s fixed (multi‑year guaranteed) annuities with bank CDs. Both protect principal and offer a guaranteed rate, but taxation, liquidity provisions, beneficiary treatment, and long‑term accumulation potential differ. Use the quick matrix below, then run the mini calculator to see the after‑tax impact of tax deferral.

After‑Tax Growth Snapshot
Important Assumptions & Disclosures
  • CD interest assumed taxable annually at the entered marginal rate (simplified).
  • Annuity interest assumed to compound tax‑deferred; tax applied to the gain at end of horizon at same marginal rate (simplified—real-world distributions may vary).
  • No early surrender charges, withdrawal penalties, RMDs, or state premium taxes modeled.
  • This is educational, not individualized tax, legal, or investment advice. Verify current rates and product features.

Where Can You Buy Annuities?

There are various avenues through which you can buy annuities. 

  • Insurance Companies and Financial Institutions 
  • Independent Financial Advisors 
  • Online Annuity Marketplaces. Online annuity marketplaces.

When a MYGA Could Make Sense (Use Case Comparison)

Explore common scenarios where a Multi-Year Guaranteed Annuity (MYGA) may be considered versus doing nothing, buying a CD, or using other fixed-income instruments. Expand each panel for: the situation, why a MYGA might fit, alternatives, and key evaluation cautions.

Situation

Current CDs are maturing and future short-term rates might fall; desire to lock multi‑year yield while keeping staged liquidity.

Why MYGA Might Fit

MYGAs may offer higher multi‑year guaranteed rates versus new CDs at 3–7 years; tax deferral can enhance effective after‑tax yield in a taxable account.

Alternatives

New CD ladder, Treasury ladder, short/intermediate bond funds, high-yield savings (variable), fixed indexed annuity w/ fixed declared rate.

Cautions / Evaluate

Surrender schedule vs desired liquidity. Rate hold/transfer timing. Insurer rating diversification. Compare net after‑tax vs CD after annual tax.

Situation

Large balances in CDs / savings produce 1099‑INT each year; marginal tax rate erodes compounding.

Why MYGA Might Fit

MYGA defers taxation until distribution; more principal compounding pre‑tax may result in higher after‑tax accumulation over identical nominal rates.

Alternatives

Municipal bonds (credit risk), deferred fixed indexed annuity, EE/I Bonds (limits), structured CDs (complexity).

Cautions

Tax deferral ≠ elimination; eventual ordinary income. Potential 10% IRS penalty on taxable gains if prior to age 59½ (non-qualified). Keep emergency liquidity outside.

Situation

Funds earmarked to cover expenses until Social Security or pension start; need predictability.

Why MYGA Might Fit

Guaranteed multi‑year growth creates a dedicated “future income bucket” insulated from market sequence risk.

Alternatives

Short bond ladder, TIPS ladder, fixed indexed annuity w/ limited volatility, stable value inside plan.

Cautions

Ensure maturity aligns with income need date. Avoid overcommitting; maintain liquid reserves for unexpected expenses.

Situation

Investor rolled from a 401(k) and wants to park a portion safely while designing a diversified allocation.

Why MYGA Might Fit

Provides a guaranteed anchor segment; reduces need to liquidate equities during initial downturn period.

Alternatives

Stable value fund (if available), short-term Treasury ladder, money market sweep, fixed indexed annuity with no fee.

Cautions

Compare internal yields vs stable value. IRA RMD timing—ensure liquidity once RMDs begin. Monitor insurer ratings.

Situation

Existing fixed annuity is crediting a minimum guaranteed rate below current market MYGA offerings.

Why MYGA Might Fit

1035 exchange can lock a higher guaranteed rate without current taxation, potentially improving future accumulation.

Alternatives

Keep existing contract (if surrender nearly over), fixed indexed annuity, partial 1035, or diversify into ladder.

Cautions

Surrender charge balance, loss of legacy riders, new surrender clock resets, suitability of replacement. Document comparison.

Situation

Approaching / just entered retirement; fear of needing to liquidate equities in a downturn to fund income.

Why MYGA Might Fit

Provides a guaranteed “income bridge” bucket, allowing risk assets time to recover before drawing them.

Alternatives

Cash ladder, short Treasury ladder, buffered annuity (with risk), fixed indexed annuity with cap/participation potential.

Cautions

Assess portion vs inflation risk (fixed nominal). Plan ladder maturities to refill income needs sequentially.

Situation

Expectation that prevailing fixed income yields may drop within the next rate cycle.

Why MYGA Might Fit

Multi‑year guarantee locks a rate beyond typical short CD windows; shields from near-term reinvestment risk if cuts occur.

Alternatives

Longer-term CDs, Treasuries (duration / market price volatility), fixed indexed annuity declared rate strategy.

Cautions

If rates rise instead, funds are committed unless surrendering (charges). Ladder to mitigate rate direction uncertainty.

Situation

Assets currently in single-name accounts without POD/TOD designations; heirs want simplicity.

Why MYGA Might Fit

Direct beneficiary designations can bypass probate and accelerate claim settlement versus estate process.

Alternatives

Add TOD/POD to CDs, revocable trust titling, transfer-on-death brokerage with short-term instruments.

Cautions

Beneficiaries must keep updated. Death proceeds still taxable on gain (ordinary income). Consider overall estate plan cohesion.

Situation

Lump sum awaiting a structured long-term plan; desire to avoid rushed investment risk.

Why MYGA Might Fit

Offers guaranteed accumulation while comprehensive plan & tax strategy (e.g., staged Roth conversions) is finalized.

Alternatives

T-bill ladder, high-yield savings (variable), short muni ladder (if tax bracket warrants), partial DCA into portfolio.

Cautions

Avoid locking too large a share for too long. Analyze liquidity for near-term tax payments or capital deployment needs.

Situation

Intend to perform annual Roth conversions; want stable value for amounts earmarked to convert.

Why MYGA Might Fit

Ensures the pre-conversion asset value isn’t whipsawed by markets, helping precisely size each year’s taxable conversion.

Alternatives

Treasury ladder, high-grade short bond fund, money market (variable reinvestment risk).

Cautions

Ensure term doesn’t extend beyond the conversion schedule. Consider opportunity cost if equities rally sharply during holding period.

This educational comparison is hypothetical and not personalized advice. MYGAs are long-term insurance products with surrender periods and possible market value adjustments (if applicable). Withdrawals of taxable gains before age 59½ (non-qualified) may incur a 10% IRS penalty. Rates, features, free withdrawal provisions, and carrier financial strength vary; guarantees rely on the insurer’s claims-paying ability. State guaranty association coverage differs from and is not a substitute for FDIC insurance. Evaluate liquidity needs, tax implications, and suitability prior to purchase.

Frequently Asked Questions About Multi-Year Guaranteed Annuities (MYGAs)

Below are the questions real clients ask us before (and after) purchasing a Multi-Year Guaranteed Annuity. Expand any topic. Nothing here is personalized advice—always evaluate your own liquidity needs, time horizon, tax situation, and overall plan.

Basics

1. What is a MYGA?
A MYGA (Multi-Year Guaranteed Annuity) is a fixed deferred annuity that guarantees an interest rate for a set term (commonly 2–10 years). Interest accrues tax‑deferred until you withdraw or the contract annuitizes.
2. How is a MYGA different from a CD?
Both guarantee principal (subject to insurer solvency for the MYGA). Key differences:
  • Taxation: CDs typically generate annual 1099-INT; MYGA interest defers until withdrawal (non-qualified money).
  • Insurance Backing: CDs = FDIC (up to limits). MYGAs rely on the insurer’s claims‑paying ability plus state guaranty association coverage (limits vary by state—not FDIC).
  • Liquidity: Both can penalize early withdrawals; MYGAs use surrender charges & possibly a Market Value Adjustment (MVA).
  • Minimums: MYGAs often higher ($5k–$100k typical minimum) vs low CD minimums.
3. How does a MYGA differ from a Fixed Indexed Annuity (FIA)?
A MYGA credits a stated guaranteed rate for the full term. An FIA credits interest linked to an index (caps/spreads/participation) with upside potential but no guaranteed multi-year fixed rate beyond declared strategy terms. FIAs may offer additional features but add complexity.
4. Who is a MYGA generally suitable for?
Someone seeking: (a) principal protection, (b) a known multi‑year yield, (c) tax deferral on non‑qualified funds, (d) a defined holding period, and (e) a conservative “parking” or ladder component within a broader retirement or income plan. Not ideal if you need frequent liquidity, want equity‑like upside, or may need the money earlier than the surrender schedule allows.

Rates & Growth

5. Are MYGA rates guaranteed for the entire term?
Yes. The declared multi‑year rate is contractually guaranteed for the stated term. After maturity, renewal rates are not guaranteed and you can choose to withdraw, 1035 exchange, renew, or annuitize.
6. How are MYGA rates set?
Insurers consider prevailing interest rates, portfolio yields, expected expenses, capital requirements, and competitive positioning. Rates can change frequently for new purchases; a “rate lock” period (often 30–45 days after application/transfer) may apply once you submit paperwork and funds are in process.
7. What happens at the end of the term (maturity)?
You typically receive a window (e.g., 30 days) to:
  • Withdraw without surrender charges
  • Renew into an available rate term
  • Execute a 1035 exchange to another annuity
  • Annuitize (convert to an income stream)
If you do nothing, many contracts auto-renew—always read the maturity notice.

Liquidity & Access

8. Can I withdraw money during the term?
Most MYGAs allow limited “free withdrawals” (often 10% of accumulation value annually) starting in year 1 or 2. Larger withdrawals during the surrender period may incur surrender charges and, if applicable, an MVA. Always confirm the contract’s specific provisions.
9. What is a Market Value Adjustment (MVA)?
An MVA adjusts the amount received on certain early withdrawals, reflecting interest rate changes since purchase. If rates fell, it can increase your payout; if rates rose, it can decrease it. It does not apply at maturity or to free‑withdrawal amounts (per contract terms).
10. Can I use a MYGA for short-term cash needs?
Generally no. Only place funds you can commit for the entire surrender period, aside from permitted free withdrawals. Keep an emergency cash reserve elsewhere.

Taxes & Accounts

11. How is interest taxed in a non-qualified MYGA?
Interest accumulates tax‑deferred. Taxable ordinary income is recognized when you take withdrawals (LIFO rules apply—earnings out first). Gains withdrawn before age 59½ may face a 10% IRS penalty (non-qualified funds). Always consult a tax professional.
12. How do Required Minimum Distributions (RMDs) work with MYGAs in IRAs?
The contract value is included in your IRA total for RMD calculation. You can generally take an RMD directly from the MYGA (counting against any free withdrawal allowance) or satisfy your total RMD from another IRA. Coordinate timing to avoid surrender charges.
13. Does a MYGA issue a 1099 each year?
Non‑qualified: No 1099-INT annually while interest remains deferred. A 1099-R is issued for taxable distributions. Qualified (IRA): Distributions are reported per normal IRA rules. At death, beneficiaries also receive appropriate tax reporting on gains.

Safety & Guarantees

14. Are MYGAs FDIC insured?
No. Guarantees rely on the issuing insurer’s financial strength. State guaranty association coverage may offer a safety net subject to statutory limits (varies by state; not a substitute for FDIC). Do not base a purchase solely on guaranty coverage—evaluate carrier ratings and diversification.
15. What if the insurance company is downgraded?
A downgrade doesn’t void guarantees but signals increased risk. Actions can include monitoring further changes, considering partial 1035 exchanges at or after surrender periods, or diversifying future deposits. Sudden moves inside a surrender schedule could trigger charges—balance risk vs cost.

Planning & Strategy

16. What is a MYGA ladder and why build one?
A ladder is owning multiple MYGAs with staggered maturities. Benefits:
  • Mitigates reinvestment timing risk
  • Creates periodic liquidity points
  • Captures potentially higher long-term rates while keeping near-term flexibility
As contracts mature, you can reinvest at current rates or reallocate to other goals.
17. Can I convert a MYGA to lifetime income later?
Yes. Most (not all) fixed deferred annuities allow annuitization options (life, period certain, etc.) at or after the surrender period. Some people instead 1035 exchange into an immediate annuity or an income-focused product when the time comes. Compare payout rates before committing.
18. When does a 1035 exchange make sense?
Potentially when an existing non‑qualified annuity has: low crediting rate with minimal surrender left, no valuable riders you’d lose, and a markedly better available MYGA yield. Suitability requires documenting pros/cons (fees, surrender, benefits lost vs gained).

Process & Logistics

19. What are the typical minimums and maximums?
Common minimums: $5,000–$25,000 (varies by carrier/state). Maximums can range from $1M to higher with home‑office approval. Larger deposits sometimes require financial suitability review or more documentation.
20. Are there annual fees?
Standard MYGAs typically have no explicit annual policy fee; insurer expenses are embedded in the credited rate. If you see added riders, review their cost and benefit.
21. How are agents/commissions paid?
The insurer pays a one‑time commission to the writing agency; it does not directly reduce your stated guaranteed rate after issue. Nonetheless, different carriers weigh compensation in rate-setting—important to shop objectively.
22. How fast can I lock a rate?
Once your application is submitted (and any transfer paperwork initiated) most carriers honor the rate in effect on the “date in good order” for a limited lock window (commonly 30–45 days). If funds arrive after the window and rates fell, some carriers honor; others credit the new lower rate—always verify the carrier’s rate lock policy.
23. What documents will I receive?
Expect: application copy or e‑signature packet, policy/contract, schedule pages showing rate & guarantees, delivery receipt (sometimes), and periodic statements (annual or quarterly depending on carrier). Keep originals with your estate documents.
24. What happens if I withdraw before age 59½ (non-qualified)?
Earnings withdrawn are ordinary income and may face a 10% IRS penalty if you are under 59½ unless an exception applies (consult a tax professional). Additionally, surrender charges/MVA could reduce the amount received.
25. Is there any inflation protection?
A standard MYGA credits a fixed nominal rate; it does not automatically adjust for inflation. You can mitigate inflation risk with a ladder (stagger maturities to periodically reset rates) or by pairing MYGAs with growth/real asset allocations elsewhere in the portfolio.

Disclaimer: This FAQ is general education—not individualized tax, legal, or investment advice. Guarantees are subject to the issuing insurer’s financial strength. State guaranty association protections vary and are not a substitute for FDIC insurance. Review the contract, disclosure documents, and your own financial plan before purchasing or exchanging an annuity.

How We Curate Rates:

  1. Availability: Products open in a majority of states and are currently accepting new premiums.
  2. Financial Strength: Minimum AM Best B+; higher ratings prioritized when spreads are narrow.
  3. Net Client Value: We weigh rate vs liquidity (interest withdrawal, 10% free amount, or higher rate for surrender-restricted designs).
  4. Market Alignment: We compare each term’s spread to the interpolated Treasury yield curve and high-grade corporate yields.
  5. Verification: Rates confirmed via carrier bulletins or portals the morning of publication (timestamped).
  6. Removal Policy: Products suspended or materially changed (≥15 bps rate move) are updated or removed within 1 business day.
Trusted Annuity Insight

Jason has distributed more than $1.5 billion in annuities over his 20 year career. His mission is to democratize access to annuities for all Americans and provide a safe and simple way to purchase an annuity.

Fixed MYGA Indexed Income Planning

(1) Rates shown are annual effective yields unless labeled “simple.”
(2) Product availability and rates may vary by state and underwriting date; subject to change prior to contract issue.
(3) AM Best ratings current as of August 2025 and may change.
(4) Tax examples assume non-qualified funds, no partial withdrawals, and current federal tax law; consult your tax professional.
(5) Guarantees rely on the issuing insurer’s financial strength; not insured by FDIC or any federal agency.

Customer Reviews

Timothy Moloney
Would give 6 stars if possible for the professional service I received from Kiara.She went above and beyond my expectations. Great to know that there still are businesses out there that still pride themselves on customer service.
Chris Lehmann
It has been a complete pleasure to deal with Kiara on several occasions opening new annuities. She has a wonderful personality and most importantly has my best interests in mind. She makes sound and knowledgeable investments.
Brian Robertson
My experience working with My Annuity Store was always very positive. I was able to reach my representative easily and consistently. She was always able to answer my questions and provided clear direction on every step of the process. I am very happy with the outcome and would recommend My Annuity Store to anyone who may be considering an annuity.
Antonette McCaul
Great experience! Excellent customer service!
Paula Ohalloran
I would highly recommend My Annuity Store and Kiara for your annuity investment needs. They are very helpful and knowledgeable.
Doug Nichols
These guys are awesome. As l was buying my annuity rates were going up so I cancelled 2 annuities Kiara had already completed and submitted applications for and bought a third annuity at a higher rate. They were more than happy to do whatever I wanted and always put my needs first. I highly recommend them.
Richard Miles
I worked with Jason and Kiara setting up an annuity. They went over and above expectations. They got me the best deal and were very fast getting all the papers in order via 2 day ups. I will be working with them in the near future. Exellent service! Like

As Seen On:

As seen on

Sign Up For Annuity Rate Updates

Get a Free Annuity QUote