The Best MYGA Annuity Rates for April 2023
MYGA annuities often come with a guaranteed rate of return that can be fixed or variable and paid out on a monthly, quarterly, yearly, or even daily basis and we’ve compiled the best annuity rates in the article.
Annuities are essentially insurance contracts that offer tax benefits and provide reliable returns, depending on how you choose to receive your income streams.
This guide has been created to help you compare some of the best annuity rates available in the market today. It’s worth noting that these rates are typically set by insurance companies and come with a guaranteed minimum rate valid for the duration of the contract.
Note: Annuity rates have significantly outpaced savings account and certificate of deposit interest rates, making them an appealing option for those seeking lower-risk investments.
Currently, the best MYGA rates are 5.25% for 10 years, 5.60% for 7 years, 5.55% for 5 years, and 5.63% for 3 years. The rate for a 2-year surrender period is 5.00%. And the rate for a 1-year surrender period is 4.40%. We have a list of the top 20 MYGA annuity rates below.
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The 20 Best MYGA Annuity Rates Today
| Years | Annuity Company Name | Annuity Product Name | Rate |
| 1 | CLEAR SPRING LIFE | Preserve MYGA 1 | 4.40% |
| 2 | SILAC | Secure Savings Elite 2 | 5.00% |
| 3 | ATLANTIC COAST LIFE | Safe Haven 3 | 5.63% |
| 4 | NASSAU LIFE AND ANNUITY COMPANY | Nassau Simple Annuity 4 | 5.25% |
| 5 | SENTINEL SECURITY LIFE INSURANCE COMPANY | Personal Choice Annuity 5 | 5.55% |
| 5 | ATLANTIC COAST LIFE | Safe Haven 5 | 5.55% |
| 5 | UPSTREAM LIFE | Secure Legacy 5 Year | 5.55% |
| 6 | ATLANTIC COAST LIFE | Safe Haven 6 | 5.52% |
| 7 | NASSAU LIFE AND ANNUITY COMPANY | Nassau MYAnnuity 7X 0% Free | 5.60% |
| 7 | ASPIDA | Synergy Choice 7 | 5.60% |
| 8 | OXFORD LIFE INSURANCE COMPANY | Multi-Select 8 | 5.15% |
| 9 | OXFORD LIFE INSURANCE COMPANY | Multi-Select 9 | 5.20% |
| 10 | OXFORD LIFE INSURANCE COMPANY | Multi-Select 10 | 5.25% |
| 10 | SENTINEL SECURITY LIFE INSURANCE COMPANY | Personal Choice Annuity 10 | 5.25% |
| 10 | ATLANTIC COAST LIFE | Safe Haven 10 | 5.25% |
| 15 | UPSTREAM LIFE | Secure Legacy 15 Year | 3.50% |
| 20 | ATLANTIC COAST LIFE | Safe Haven 20 FL | 4.65% |
As of April, 2023, the best annuity rates available are listed above.
For those looking for a short-term option, Clear Spring Life’s Preserve MYGA 1 offers a rate of 4.40% for one year. Moving on to a two-year plan, Silac’s Secure Savings Elite 2 provides a rate of 5.00%.
Nassau Life and Annuity Company’s Nassau Simple Annuity 4 and Sentinel Security Life Insurance Company’s Personal Choice Annuity 5 both offer a rate of 5.25% for four and five years, respectively.
Atlantic Coast Life has multiple options available, with their Safe Haven 3, Safe Haven 5, and Safe Haven 6 offering rates of 5.63%,
5.55%, and 5.52%, respectively. Upstream Life’s Secure Legacy 5 Year and Secure Legacy 15 Year provide a rate of 5.55% and 3.50%, respectively, for those looking for an annuity plan that spans five or fifteen years.
For those planning on a longer-term investment, Nassau Life and Annuity Company’s Nassau MYAnnuity 7X 0% Free and Aspida’s Synergy Choice 7 provide a rate of 5.60% for seven years.
Oxford Life Insurance Company offers Multi-Select 8, 9, and 10, with rates of 5.15%, 5.20%, and 5.25%, respectively. Lastly, Atlantic Coast Life’s Safe Haven 10 and Safe Haven 20 FL provide a rate of 5.25% and 4.65%, respectively, for those looking for a ten-year or twenty-year plan.
Today’s Best MYGA Annuity Rates By Company
| Company Name | Brief Description |
| Clear Spring Life | Clear Spring Life is a relatively new player in the annuity market, founded in 2015. They offer a variety of annuity products with competitive rates for short-term investments. |
| Silac | Silac has been in business for over 30 years and offers a range of annuity plans with competitive rates for long-term investments |
| Atlantic Coast Life | Atlantic Coast Life has been in business for over 90 years and offers a range of annuity plans. |
| Nassau Life and Annuity Company | Nassau Life and Annuity Company has over 165 years of experience and offers several annuity plans with competitive rates. |
| Sentinel Security Life Insurance Company | Sentinel Security Life Insurance Company is a subsidiary of National Guardian Life Insurance Company and offers annuity plans with competitive rates. |
| Aspida | Aspida is a relatively new company, founded in 2019, but has already established itself as a reliable provider of annuity plans with competitive rates. |
| Upstream Life | Upstream Life is a new player in the annuity market, founded in 2016. They offer annuity plans with competitive rates and have received positive reviews for their customer service. |
| Oxford Life Insurance Company | Oxford Life Insurance Company has been in business for over 50 years and offers a range of annuity plans with competitive rates for long-term investments. |
When considering annuity plans, it’s important to not only look at the rates being offered but also the company behind the product. This is because annuities are typically long-term investments, and you want to ensure that the insurance company is stable and reliable enough to honor the annuity contract.
Clear Spring Life, for example, is a relatively new player in the annuity market, having been founded in 2015. However, they have an A- rating from A.M. Best, which is a respected credit rating agency. Their Preserve MYGA 1 plan offers a competitive rate of 4.40% for one year.
Silac, on the other hand, has been in business for over 30 years and has an A+ rating from A.M. Best. Their Secure Savings Elite 2 plan offers a higher rate of 5.00% for two years, which is an attractive option for those looking for a short-term investment.
Atlantic Coast Life has multiple plans available, ranging from three years to twenty years. They have an A- rating from A.M. Best and are known for their excellent customer service. This is particularly important when dealing with annuities, as they often involve complex contracts and terms.
Nassau Life and Annuity Company is another established player in the annuity market, with over 165 years of experience. They have an A- rating from A.M. Best and offer several annuity plans with competitive rates. Sentinel Security Life Insurance Company and Aspida are also reputable companies with solid ratings from A.M. Best, and their annuity plans offer attractive rates for those looking for a longer-term investment.
Upstream Life, while a relatively new company, has received positive reviews for their annuity plans and customer service. Their Secure Legacy 5 Year and Secure Legacy 15 Year plans offer rates of 5.55% and 3.50%, respectively.
Oxford Life Insurance Company has been in business for over 50 years and has an A- rating from A.M. Best. Their Multi-Select plans offer competitive rates for those looking for a longer-term investment.
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