[aj_hero title=”Best Annuity Rates in Idaho (2026)” breadcrumb=”Rates / Idaho”]
Idaho is one of the fastest-growing retirement destinations in the Mountain West – and for good reason. The cost of living runs well below coastal states, outdoor recreation is world-class, and the state’s flat 5.8% income tax is offset by meaningful retirement income deductions for residents age 65 and older. For retirees building guaranteed income from savings, MYGA rates from A-rated national carriers provide competitive fixed growth that outpaces most Idaho bank CDs.
The rate table below shows today’s best MYGA rates available to Idaho residents from A-rated carriers, updated daily.
2-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Axonic Insurance | Waypoint 2 MYGA | 5.00%Top Rate | 2 yr | $100,000 | 10% | |
| Oceanview Life and Annuity | Harbourview 2 | 4.80% | 2 yr | $70,000 | 10% | |
| GBU Life | Asset Guard Select 2 | 4.75% | 2 yr | $25,000 | 10% | |
| Mass Mutual | Premier Voyage 2 | 3.75% | 2 yr | $1,000,000 | 10% |
3-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Knighthead Life | Staysail 3 (Simple Interest) SI | 5.60%Top Rate | 3 yr | $100,000 | 0% | |
| Axonic Insurance | Waypoint 3 MYGA | 5.45% | 3 yr | $100,000 | 10% | |
| Ibexis | MYGA Plus 3 (Simple Interest) SI | 5.40% | 3 yr | $100,000 | 10% | |
| Fidelity Security Life Insurance Company | TaxVantage® Multi-Year Guaranteed Annuity 3 | 5.25% | 3 yr | $2,500 | 0% | |
| Knighthead Life | Staysail 3 With Liquidity (Simple Interest) SI | 5.25% | 3 yr | $100,000 | 10% | |
| Midland National Life | MNL Guarantee Pro 3 | 5.05% | 3 yr | $100,000 | Interest Only | |
| Oceanview Life and Annuity | Harbourview 3 | 5.05% | 3 yr | $70,000 | 10% | |
| Athene IA | Athene Max Rate 3 (state specific) | 5.00% | 3 yr | $100,000 | Interest Only |
4-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 4 | 5.20%Top Rate | 4 yr | $70,000 | 10% | |
| Oxford Life Insurance Company | Multi-Select 4 | 5.10% | 4 yr | $20,000 | 10% | |
| Clear Spring Life | Preserve MYGA 4 | 5.05% | 4 yr | $100,000 | 10% | |
| Pacific Guardian Life | Diamond Head 4 | 5.00% | 4 yr | $10,000 | 10% | |
| GBU Life | Asset Guard Select 4 | 4.75% | 4 yr | $25,000 | 10% | |
| Mass Mutual | Premier Voyage 4 | 4.70% | 4 yr | $1,000,000 | 10% | |
| Guardian Insurance & Annuity Co. | Guardian Fixed Target Annuity 4 | 4.60% | 4 yr | $100,000 | 10% | |
| Mass Mutual | Stable Voyage 4 | 4.60% | 4 yr | $100,000 | 10% |
5-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Knighthead Life | Staysail 5 (Simple Interest) SI | 6.30%Top Rate | 5 yr | $100,000 | 0% | |
| Ibexis | MYGA Plus 5 (Simple Interest) SI | 5.90% | 5 yr | $100,000 | 10% | |
| Knighthead Life | Staysail 5 With Liquidity (Simple Interest) SI | 5.75% | 5 yr | $100,000 | 10% | |
| Axonic Insurance | Waypoint 5 MYGA | 5.70% | 5 yr | $100,000 | 10% | |
| Fidelity Security Life Insurance Company | TaxVantage® Multi-Year Guaranteed Annuity 5 | 5.65% | 5 yr | $2,500 | 0% | |
| Liberty Bankers Life | Heritage Elite 5 | 5.40% | 5 yr | $10,000 | 0% | |
| Liberty Bankers Life | Heritage Premier 5 | 5.35% | 5 yr | $10,000 | Interest Only | |
| North American Company | NAC Guarantee Plus 5 | 5.35% | 5 yr | $100,000 | Interest Only |
6-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oxford Life Insurance Company | Multi-Select 6 | 5.55%Top Rate | 6 yr | $20,000 | 10% | |
| Oceanview Life and Annuity | Harbourview 6 | 5.50% | 6 yr | $70,000 | 10% | |
| Clear Spring Life | Preserve MYGA 6 | 5.25% | 6 yr | $100,000 | 10% | |
| Pacific Guardian Life | Diamond Head 6 | 5.20% | 6 yr | $10,000 | 10% | |
| Mass Mutual | Premier Voyage 6 | 5.05% | 6 yr | $1,000,000 | 10% | |
| Guardian Insurance & Annuity Co. | Guardian Fixed Target Annuity 6 | 4.80% | 6 yr | $100,000 | 10% | |
| Guaranty Income Life | Guaranty Rate Lock 6 | 4.10% | 6 yr | $100,000 | 5% | |
| Integrity Life Insurance Company | New Momentum 6 | 3.60% | 6 yr | $5,000 | 10% |
7-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Knighthead Life | Staysail 7 (Simple Interest) SI | 6.50%Top Rate | 7 yr | $100,000 | 0% | |
| Ibexis | MYGA Plus 7 (Simple Interest) SI | 6.15% | 7 yr | $100,000 | 10% | |
| Knighthead Life | Staysail 7 With Liquidity (Simple Interest) SI | 5.95% | 7 yr | $100,000 | 10% | |
| Aspida | Synergy Choice 7 | 5.50% | 7 yr | $100,000 | 0% | |
| Axonic Insurance | Waypoint 7 MYGA | 5.50% | 7 yr | $100,000 | 10% | |
| Liberty Bankers Life | Heritage Elite 7 | 5.45% | 7 yr | $10,000 | 0% | |
| Oxford Life Insurance Company | Multi-Select 7 | 5.45% | 7 yr | $20,000 | 10% | |
| Liberty Bankers Life | Heritage Premier 7 | 5.40% | 7 yr | $10,000 | Interest Only |
8-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Clear Spring Life | Preserve MYGA 8 | 5.25%Top Rate | 8 yr | $100,000 | 10% | |
| Oxford Life Insurance Company | Multi-Select 8 | 5.20% | 8 yr | $20,000 | 10% | |
| Pacific Guardian Life | Diamond Head 8 | 5.20% | 8 yr | $10,000 | 10% | |
| Guaranty Income Life | Guaranty Rate Lock 8 | 4.10% | 8 yr | $100,000 | 5% |
9-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Liberty Bankers Life | Heritage Elite 9 | 5.50%Top Rate | 9 yr | $10,000 | 0% | |
| Liberty Bankers Life | Heritage Premier 9 | 5.45% | 9 yr | $10,000 | Interest Only | |
| Liberty Bankers Life | Heritage Premier Plus 9 | 5.35% | 9 yr | $10,000 | Interest Only | |
| Clear Spring Life | Preserve MYGA 9 | 5.25% | 9 yr | $100,000 | 10% | |
| Liberty Bankers Life | Heritage Classic 9 | 5.25% | 9 yr | $10,000 | 10% | |
| Pacific Guardian Life | Diamond Head 9 | 5.20% | 9 yr | $10,000 | 10% | |
| Securian Financial | SecureOption Choice 9 | 5.20% | 9 yr | $500,000 | 10% | |
| Oxford Life Insurance Company | Multi-Select 9 | 5.10% | 9 yr | $20,000 | 10% |
10-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 10 | 5.65%Top Rate | 10 yr | $70,000 | 10% | |
| Axonic Insurance | Waypoint 10 MYGA | 5.50% | 10 yr | $100,000 | 10% | |
| Royal Neighbors of America | MYGA 10 Year | 5.50% | 10 yr | $100,000 | Interest Only | |
| Reliance Standard Life | Reliance Guarantee - 10 | 5.30% | 10 yr | $20,000 | 10% | |
| Clear Spring Life | Preserve MYGA 10 | 5.25% | 10 yr | $100,000 | 10% | |
| American National Insurance Company | Palladium MYG Annuity 10 | 5.20% | 10 yr | $250,000 | 10% | |
| Pacific Guardian Life | Diamond Head 10 | 5.20% | 10 yr | $10,000 | 10% | |
| Oxford Life Insurance Company | Multi-Select 10 | 5.15% | 10 yr | $20,000 | 10% |
Rates shown are for informational purposes only and subject to change without notice. Only carriers rated A− or better by AM Best are included. Products marked SI use simple interest — the effective compound yield is lower than the stated rate. Minimum premiums shown are for non-qualified (after-tax) funds. Always verify current rates with a licensed annuity broker before purchasing.
- Idaho uses a flat 5.8% income tax rate on most income above $2,500, making tax planning straightforward for annuity owners.
- Idaho residents age 65 and older (or disabled) can deduct up to $15,548 single / $31,096 married of qualified retirement income from Idaho taxable income, which can significantly reduce or eliminate state tax on annuity withdrawals.
- The Idaho Life and Disability Insurance Guaranty Association protects annuity values up to $250,000 per person, per insurer.
- Idaho has no estate tax and no inheritance tax. Annuity death benefits pass to named beneficiaries outside of probate.
- Idaho requires a minimum 10-day free-look period on all annuity contracts. Senior buyers (65+) often receive 30-day free-look periods from carriers voluntarily.
Are Fixed Annuities a Good Choice in Idaho?
For Idaho retirees, fixed annuities address two common retirement challenges: generating guaranteed income in an era of low savings account rates, and deferring taxes on investment growth until withdrawals begin. Idaho’s retirement income deduction means many retirees 65 and older owe zero or minimal Idaho state tax on their first $15,000 or more in annual annuity income.
Take Diane, age 67, living in Boise. She has $175,000 in savings earning 3.00% at a local credit union. She moves it into a 5-year MYGA at 5.20%. At maturity, her account reaches approximately $225,236 – a guaranteed $50,236 gain with no market risk. Because she qualifies for Idaho’s retirement income deduction, a significant portion of her annual withdrawals from the annuity will be sheltered from Idaho state tax. Combined with the federal tax deferral on growth, Diane’s after-tax outcome beats the credit union CD by a meaningful margin.
Idaho has no estate tax and no inheritance tax. Annuity death benefits paid to named beneficiaries are not subject to Idaho state-level transfer taxes.
Idaho Guaranty Association: How Your Annuity Is Protected
The Idaho Life and Disability Insurance Guaranty Association protects Idaho policyholders if a licensed insurer becomes insolvent. Coverage is automatic – no separate enrollment and no extra cost.
| Coverage Type | Idaho Protection Limit |
|---|---|
| Annuity present value | $250,000 per person, per insurer |
| Life insurance death benefit | $300,000 per person, per insurer |
| Life insurance cash value | $100,000 per person, per insurer |
| Multiple policies at same insurer | Combined, subject to the limits above |
If you plan to invest more than $250,000 in annuities, split funds across two or more A-rated carriers. Each insurer has its own $250,000 protection limit.
Idaho Life and Disability Insurance Guaranty Association
Website: idga.org
How Idaho Taxes Annuity Income
Idaho’s flat 5.8% income tax rate applies to most income above a small standard threshold. The retirement income deduction for residents 65 and older significantly reduces the effective state tax rate on annuity withdrawals. Here is how different annuity types are treated in Idaho.
| Annuity Type | Idaho Tax Treatment | Deduction Available |
|---|---|---|
| Non-qualified (after-tax funds) | Gain portion taxed at 5.8% flat rate | Up to $15,548 (single, age 65+) |
| Qualified (IRA / 401(k) rollover) | 100% of each distribution taxable at 5.8% | Up to $15,548 (single, age 65+) |
| Roth IRA annuity | Qualified distributions are federal and state tax-free | N/A |
| 1035 Exchange | No state or federal tax triggered on the exchange itself | N/A |
The retirement income deduction reduces Idaho taxable income by up to $15,548 per person (or $31,096 for married couples filing jointly) for residents age 65 or older or disabled. This deduction is subject to income phaseouts at higher income levels – check the Idaho State Tax Commission for the current phaseout thresholds. Withdrawals before age 59½ trigger the 10% federal early withdrawal penalty in addition to ordinary income tax.
Idaho Department of Insurance
The Idaho Department of Insurance licenses and regulates all insurance carriers and agents operating in Idaho. Verify carrier and agent licenses before buying any annuity product.
| Contact | Details |
|---|---|
| Agency | Idaho Department of Insurance |
| Consumer helpline | 1-800-721-3272 |
| Website | doi.idaho.gov |
| License lookup | Available at doi.idaho.gov |
Tips for Buying an Annuity in Idaho
- Verify the retirement income deduction applies to your income level: Idaho’s deduction phases out at higher income levels. If your total retirement income significantly exceeds $15,548, consult a tax advisor to calculate your actual Idaho deduction benefit before comparing a MYGA to a taxable alternative.
- Compare MYGA rates vs. Idaho bank CDs: Idaho credit unions and community banks are competitive on CD rates, but top A-rated MYGA carriers typically offer 0.50% to 1.00% more on equivalent terms – plus tax deferral on growth that CDs don’t provide.
- Use an independent broker: Independent brokers shop 20+ carriers. Captive agents represent only one company and cannot compare the national market for you.
- Keep carrier exposure under $250,000: Spread large annuity investments across multiple A-rated carriers to stay within the guaranty fund limit at each insurer.
- Use the free-look period: Idaho requires a minimum 10-day free-look. Read the full contract – especially surrender period length and annual free withdrawal amounts – before the window closes.
Frequently Asked Questions
Does Idaho tax annuity income?
Yes, Idaho taxes annuity withdrawals at its flat 5.8% rate. However, residents age 65 and older (or disabled) can deduct up to $15,548 (single) or $31,096 (married filing jointly) of qualified retirement income from Idaho taxable income each year. For many retirees, this deduction eliminates or significantly reduces state income tax on annuity withdrawals.
What is the best annuity rate in Idaho right now?
As of 2026, the best MYGA rates available to Idaho residents from A-rated carriers range from approximately 4.50% to 5.50% depending on term. Five-year terms offer the strongest rates for most buyers. See the rate table above for current figures updated daily.
How much does the Idaho Guaranty Association cover?
The Idaho Life and Disability Insurance Guaranty Association protects up to $250,000 in annuity present value per person, per insurance company. If your total annuity investment exceeds $250,000, spread it across multiple A-rated carriers to stay within the protection limit at each insurer.
Who regulates annuities in Idaho?
The Idaho Department of Insurance licenses and regulates all insurance carriers and agents in Idaho. Verify carrier and agent licenses at doi.idaho.gov or by calling 1-800-721-3272.
What is the free-look period for annuities in Idaho?
Idaho law requires a minimum 10-day free-look period on all annuity contracts. During that window, you can return the contract for a full refund of premium with no surrender charges applied. Many carriers voluntarily offer 20 to 30 days for buyers age 65 and older.