Kansas offers a full Social Security exemption for most retirees and a top income tax rate of 5.7% that applies only at higher income levels. Wichita, Overland Park, Manhattan, and the Kansas City suburbs are home to a steady retiree population that benefits from the Social Security exemption and a straightforward tax environment for retirement income. Before comparing rates, see how annuities work and which type fits your plan.
Below are today’s best MYGA rates available to Kansas residents, filtered to A-rated carriers only, 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 | 3.45% | 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 | 5.40% | 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% | |
| Ibexis | MYGA Plus 3 (Simple Interest) SI | 5.20% | 3 yr | $100,000 | 10% | |
| Athene IA | Athene Max Rate 3 | 4.90% | 3 yr | $100,000 | Interest Only | |
| Oceanview Life and Annuity | Harbourview 3 | 4.90% | 3 yr | $70,000 | 10% | |
| Midland National Life | MNL Guarantee Pro 3 | 4.85% | 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 | 4.90% | 4 yr | $100,000 | 10% | |
| GBU Life | Asset Guard Select 4 | 4.75% | 4 yr | $25,000 | 10% | |
| Guardian Insurance & Annuity Co. | Guardian Fixed Target Annuity 4 | 4.65% | 4 yr | $100,000 | 10% | |
| S.USA Life Insurance Company, Inc. | Select Choice® Plus 1 (4) Year Plan Base Policy MVA | 4.55% | 4 yr | $100,000 | 0% | |
| Corebridge Financial | Corebridge Pathway Choicesm Fixed 4 Annuity GROP | 4.50% | 4 yr | $100,000 | 10% | |
| Guaranty Income Life | Guaranty Rate Lock 4 | 4.50% | 4 yr | $100,000 | 5% |
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 | 5.75% | 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 | 5.65% | 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 | |
| Oxford Life Insurance Company | Multi-Select 5 | 5.20% | 5 yr | $20,000 | 10% |
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 | 5.10% | 6 yr | $100,000 | 10% | |
| Guardian Insurance & Annuity Co. | Guardian Fixed Target Annuity 6 | 4.80% | 6 yr | $100,000 | 10% | |
| Mass Mutual | Premier Voyage 6 | 4.70% | 6 yr | $1,000,000 | 10% | |
| American General Life Insurance Company | American Pathway VisionMYG 6 | 4.30% | 6 yr | $100,000 | 15% | |
| Corebridge Financial | American Pathway VisionMYG 6 | 4.30% | 6 yr | $100,000 | 15% | |
| Guaranty Income Life | Guaranty Rate Lock 6 | 4.10% | 6 yr | $100,000 | 5% |
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 | 5.95% | 7 yr | $100,000 | 10% | |
| Knighthead Life | Staysail 7 With Liquidity (Simple Interest) SI | 5.95% | 7 yr | $100,000 | 10% | |
| Fidelity Security Life Insurance Company | TaxVantage® Multi-Year Guaranteed Annuity 7 | 5.60% | 7 yr | $2,500 | 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 |
|---|---|---|---|---|---|---|
| Oxford Life Insurance Company | Multi-Select 8 | 5.20%Top Rate | 8 yr | $20,000 | 10% | |
| Clear Spring Life | Preserve MYGA 8 | 5.10% | 8 yr | $100,000 | 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 | |
| Liberty Bankers Life | Heritage Classic 9 | 5.25% | 9 yr | $10,000 | 10% | |
| Securian Financial | SecureOption Choice 9 | 5.20% | 9 yr | $500,000 | 10% | |
| Clear Spring Life | Preserve MYGA 9 | 5.10% | 9 yr | $100,000 | 10% | |
| Oxford Life Insurance Company | Multi-Select 9 | 5.10% | 9 yr | $20,000 | 10% | |
| Guaranty Income Life | Guaranty Rate Lock 9 | 4.10% | 9 yr | $100,000 | 5% |
10-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 10 | 5.55%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 | 5.30% | 10 yr | $100,000 | Interest Only | |
| Oxford Life Insurance Company | Multi-Select 10 | 5.15% | 10 yr | $20,000 | 10% | |
| American National Insurance Company | Palladium MYG Annuity 10 | 5.10% | 10 yr | $250,000 | 10% | |
| Clear Spring Life | Preserve MYGA 10 | 5.10% | 10 yr | $100,000 | 10% | |
| Reliance Standard Life | Reliance Guarantee - 10 | 5.10% | 10 yr | $20,000 | 10% | |
| Lincoln Financial | Lincoln MYGuarantee Plus 10 | 4.95% | 10 yr | $100,000 | 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.
Key Takeaways
- Kansas fully exempts Social Security from state income tax for residents with adjusted gross income below $75,000 (single) or $75,000 (married) — covering the vast majority of Kansas retirees
- Kansas’s top income tax rate is 5.7% — applying to income over $30,000 (single)
- The Kansas Life and Health Insurance Guaranty Association protects up to $250,000 in annuity present value per person, per insurer
- Kansas law requires a minimum 10-day free-look period for annuity contracts
- Kansas has no state estate tax and no inheritance tax
Are Fixed Annuities a Good Investment in Kansas?
Kansas’s 5.7% top rate applies to income above $30,000 — meaning most retirees drawing meaningful annuity distributions will be in the top bracket. But the Social Security exemption (for AGI under $75,000) substantially reduces effective retirement tax burden for many Kansas retirees. The deferral benefit of a MYGA is real: at 5.7%, the annual state tax saved on $10,000 of deferred annuity interest is $570. Over a 5-year MYGA on $200,000 at 5.00%, the cumulative deferred Kansas state tax is approximately $2,850.
Here is a concrete example: Gary, age 67, lives in Wichita. His Social Security is fully exempt because his AGI stays below $75,000. He has $160,000 in a 5-year MYGA at 5.00%. The account grows to approximately $204,163 — a $44,163 gain. Kansas taxes that gain when he withdraws, but during accumulation, he owed zero Kansas income tax on the growth. Combined with the SS exemption, his total Kansas retirement tax burden is modest — most of his income is either exempt (Social Security) or deferred (MYGA growth).
Kansas Guaranty Association: How Your Annuity Is Protected
The Kansas Life and Health Insurance Guaranty Association (KLHIGA) protects Kansas policyholders if a licensed insurer becomes insolvent. Coverage is automatic — no enrollment required.
| Coverage Type | Kansas 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 limits above |
For annuity portfolios over $250,000, split across two or more A-rated carriers to keep each position within coverage limits.
Kansas Life and Health Insurance Guaranty Association
Website: kslifega.org
How Kansas Taxes Annuity Income
Kansas taxes annuity income as ordinary income at graduated rates from 3.1% to 5.7%. Kansas fully exempts Social Security benefits for residents with adjusted gross income at or below $75,000 for both single and married filers. Above that threshold, the federal taxable portion of Social Security may also be subject to Kansas income tax.
| Kansas Taxable Income (Single) | Kansas Rate |
|---|---|
| $0 – $15,000 | 3.1% |
| $15,001 – $30,000 | 5.25% |
| Over $30,000 | 5.7% |
Kansas has no state estate tax and no inheritance tax. Annuity death benefits paid to named beneficiaries bypass probate and pass free of Kansas estate-level taxation.
Kansas Insurance Department
The Kansas Insurance Department (KID) licenses and regulates all insurance carriers and agents operating in Kansas. Verify both the carrier and your agent before purchasing an annuity.
| Contact | Details |
|---|---|
| Agency | Kansas Insurance Department (KID) |
| Consumer services | 785-296-3071 |
| Toll-free | 1-800-432-2484 |
| Website | insurance.ks.gov |
| License verification | Kansas license lookup |
Tips for Buying an Annuity in Kansas
- Protect your Social Security exemption: Kansas fully exempts Social Security for AGI at or below $75,000. Large annuity withdrawals that push your AGI above $75,000 can expose part of your Social Security to Kansas income tax. Managing withdrawal timing to stay at or below the threshold preserves the full exemption.
- The 5.7% top rate kicks in at $30,000: Kansas reaches its top bracket quickly — most retirees drawing meaningful annuity income will be in the 5.7% bracket. At that rate, every year of deferral saves $570 per $10,000 of growth. Over a multi-year MYGA, the savings compound.
- No estate tax simplifies planning: Kansas has no estate or inheritance tax. Name beneficiaries on annuity contracts to bypass probate entirely.
- Don’t exceed $250,000 per carrier: For portfolios over $250,000, use two or more A-rated carriers to stay within guaranty protection limits.
- Work with an independent broker: Wichita and the Kansas City suburbs have active independent broker markets. Independent brokers compare 20+ carriers for your best available rate.
- Use the free-look period: Kansas requires at least 10 days to review and cancel any annuity contract for a full premium refund.
Frequently Asked Questions
Does Kansas tax annuity income?
Yes, at graduated rates from 3.1% to 5.7%. Most retirees with meaningful annuity income will be in the 5.7% bracket (income over $30,000). Kansas fully exempts Social Security benefits for residents with AGI at or below $75,000.
What is the best annuity rate in Kansas today?
The best MYGA rates available to Kansas residents from A-rated carriers range from approximately 4.50%–5.50% depending on the term as of early 2026. See the live rate table above for current figures updated daily.
How much does the Kansas Guaranty Association cover?
The Kansas Life and Health Insurance Guaranty Association protects up to $250,000 in annuity present value per person, per insurance company. For investments over $250,000, spread across multiple A-rated carriers.
Does Kansas tax Social Security benefits?
Kansas fully exempts Social Security benefits for residents with adjusted gross income at or below $75,000 (both single and married filers). Above that threshold, the federal taxable portion of Social Security may also be subject to Kansas income tax. Keeping total AGI at or below $75,000 through controlled annuity withdrawal timing preserves the full exemption.
Does Kansas have an estate or inheritance tax?
No. Kansas has neither a state estate tax nor an inheritance tax. Annuity death benefits paid to named beneficiaries pass free of Kansas estate-level taxation and bypass probate.
What is the free-look period for annuities in Kansas?
Kansas requires a minimum 10-day free-look period. You can return the contract for a full refund of premium within that window.
Who regulates annuities in Kansas?
The Kansas Insurance Department (KID). Verify licenses at insurance.ks.gov or call 1-800-432-2484.