Best Annuity Rates in Ohio 2026
A current look at the top MYGA and fixed indexed annuity rates available to Ohio residents — with carrier ratings, terms, and guidance on how to compare them.
Ohio Annuity Rates in 2026: What You Need to Know
If you are approaching retirement or already retired in Ohio, you may be wondering whether now is a good time to lock in a fixed annuity rate. The short answer is yes — rates in 2026 remain historically competitive, particularly for Multi-Year Guaranteed Annuities (MYGAs) and fixed indexed annuities (FIAs).
Ohio residents have access to dozens of annuity carriers, but not all products are created equal. This guide walks you through the current top rates, what to look for in a carrier, and how to decide which type of annuity fits your retirement goals.
Current Top Annuity Rates for Ohio Residents (2026)
The table below shows illustrative rates from highly-rated carriers currently available in Ohio. Rates are subject to change and may vary based on premium amount and age.
| Carrier | Product | Rate | Term | AM Best |
|---|---|---|---|---|
| American Equity | 3-Year MYGA | 5.20% | 3 Years | A- |
| Athene | 5-Year MYGA | 5.45% | 5 Years | A |
| North American | 7-Year MYGA | 5.30% | 7 Years | A+ |
| Midland National | Fixed Indexed (S&P 500 Cap) | Up to 8.5% | 7 Years | A+ |
| Nationwide | Fixed Indexed (Participation) | Up to 9.0% | 10 Years | A+ |
* Illustrative rates only. Actual rates vary by carrier, premium, and age. Contact us for a personalized quote.
MYGA vs Fixed Indexed Annuity: Which Is Right for You?
The two most popular types of fixed annuities for Ohio retirees are MYGAs and fixed indexed annuities. Here is a plain-English breakdown:
Multi-Year Guaranteed Annuity (MYGA)
A MYGA works like a CD from an insurance company. You deposit a lump sum, lock in a fixed interest rate for a set term (typically 3, 5, or 7 years), and your principal is 100% guaranteed. Interest grows tax-deferred. At the end of the term, you can renew, withdraw, or roll into another product.
Fixed Indexed Annuity (FIA)
An FIA ties your interest credits to a market index (like the S&P 500) but with a floor of 0% — meaning you can never lose principal due to market downturns. Growth potential is higher than a MYGA, but it is not guaranteed. FIAs are ideal for people who want some upside without stock market risk.
How to Choose the Best Annuity Rate in Ohio
When comparing annuity rates, do not focus solely on the interest rate. Consider these factors:
- Carrier financial strength rating (A.M. Best A- or higher is recommended)
- Surrender charge period and penalty-free withdrawal provisions
- State guaranty association coverage (up to $250,000 in Ohio)
- Renewal rate history — some carriers lower rates significantly at renewal
- Rider options for lifetime income, long-term care, or death benefits
Ohio State Guaranty Association Protection
Ohio residents are protected by the Ohio Life and Health Insurance Guaranty Association, which covers annuity contracts up to $250,000 per insurer if a carrier becomes insolvent. This is one reason why working with financially strong, highly-rated carriers is important — but it also provides a meaningful safety net.
Next Steps: Get a Personalized Ohio Annuity Rate Quote
The rates shown above are illustrative. To get an accurate, personalized quote based on your age, premium amount, and goals, speak with a licensed Ohio annuity specialist. There is no cost and no obligation — just clear information to help you make an informed decision.
Related Articles
For comprehensive insurance coverage in Ohio, visit AG Insurance & Financial Solutions. For indexed annuity education, see SafeIndexedAnnuity.com. For Tri-State retirement income planning, visit TriStateRetirementIncome.com.
Get My Ohio Annuity Quote
Free, no-obligation rate comparison.
Ready to Compare Ohio Annuity Rates?
Get a free, personalized annuity rate comparison from a licensed Ohio specialist. No pressure, no obligation.