Nevada has no state income tax, making it one of the most attractive states in the country for annuity buyers. Las Vegas, Henderson, Reno, and the Lake Tahoe corridor all draw retirees from California and other high-tax western states specifically because Nevada’s zero state income tax keeps more of every withdrawal. Before shopping rates, make sure you understand how annuities work and which type fits your retirement plan.
Below are today’s best MYGA rates available to Nevada residents, filtered to carriers rated A- or better, updated daily.
2-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 2 | 5.15%Top Rate | 2 yr | $70,000 | 10% | |
| Axonic Insurance | Waypoint 2 MYGA | 5.10% | 2 yr | $100,000 | 10% | |
| GBU Life | Asset Guard Select 2 | 5.05% | 2 yr | $25,000 | 10% | |
| Aspida | Synergy Choice 2 | 4.80% | 2 yr | $100,000 | 0% | |
| Mass Mutual | Premier Voyage 2 | 4.70% | 2 yr | $1,000,000 | 10% | |
| Americo | Platinum Assure 2 | 4.15% | 2 yr | $25,000 | 3% |
3-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Ibexis | MYGA Plus 3 (Simple Interest) SI | 6.15%Top Rate | 3 yr | $100,000 | 10% | |
| American National Insurance Company | Palladium MYG MAX 3 | 5.90% | 3 yr | $250,000 | 0% | |
| Knighthead Life | Staysail 3 (Simple Interest) SI | 5.85% | 3 yr | $100,000 | 0% | |
| American National Insurance Company | Palladium MYG Annuity 3 | 5.75% | 3 yr | $250,000 | 10% | |
| Athene IA | Athene Max Rate 3 (state specific) | 5.75% | 3 yr | $100,000 | Interest Only | |
| American National Insurance Company | Palladium Match MYG Annuity 3 | 5.70% | 3 yr | $250,000 | 10% | |
| Aspida | Synergy Choice 3 | 5.70% | 3 yr | $100,000 | 0% | |
| Axonic Insurance | Waypoint 3 MYGA | 5.65% | 3 yr | $100,000 | 10% |
4-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oxford Life Insurance Company | Multi-Select 4 | 5.75%Top Rate | 4 yr | $20,000 | 10% | |
| Americo | Platinum Assure 4 | 5.70% | 4 yr | $25,000 | 5% | |
| Oceanview Life and Annuity | Harbourview 4 | 5.70% | 4 yr | $70,000 | 10% | |
| Clear Spring Life | Preserve MYGA 4 | 5.60% | 4 yr | $100,000 | 10% | |
| Mass Mutual | Premier Voyage 4 | 5.55% | 4 yr | $1,000,000 | 10% | |
| Guardian Insurance & Annuity Co. | Guardian Fixed Target Annuity 4 | 5.50% | 4 yr | $100,000 | 10% | |
| Nationwide Life Insurance Company | Secure Growth 4 MVA | 5.50% | 4 yr | $100,000 | 10% | |
| Mass Mutual | Stable Voyage 4 | 5.45% | 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 | 6.65%Top Rate | 5 yr | $100,000 | 0% | |
| Ibexis | MYGA Plus 5 (Simple Interest) SI | 6.60% | 5 yr | $100,000 | 10% | |
| Aspida | Synergy Choice 5 | 6.30% | 5 yr | $100,000 | 0% | |
| Axonic Insurance | Waypoint 5 MYGA | 6.10% | 5 yr | $100,000 | 10% | |
| Athene IA | Athene Max Rate 5 (state specific) | 6.00% | 5 yr | $100,000 | Interest Only | |
| Global Atlantic Financial Group | SecureFore II 5 | 6.00% | 5 yr | $100,000 | 10% | |
| Knighthead Life | Staysail 5 With Liquidity (Simple Interest) SI | 6.00% | 5 yr | $100,000 | 10% | |
| Nationwide Life Insurance Company | Secure Growth 5 MVA | 6.00% | 5 yr | $100,000 | 10% |
6-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 6 | 6.10%Top Rate | 6 yr | $70,000 | 10% | |
| Oxford Life Insurance Company | Multi-Select 6 | 5.95% | 6 yr | $20,000 | 10% | |
| Americo | Platinum Assure 6 | 5.90% | 6 yr | $25,000 | 5% | |
| Guardian Insurance & Annuity Co. | Guardian Fixed Target Annuity 6 | 5.80% | 6 yr | $100,000 | 10% | |
| Mass Mutual | Premier Voyage 6 | 5.75% | 6 yr | $1,000,000 | 10% | |
| Clear Spring Life | Preserve MYGA 6 | 5.70% | 6 yr | $100,000 | 10% | |
| American General Life Insurance Company | American Pathway VisionMYG 6 | 5.40% | 6 yr | $100,000 | 15% | |
| Corebridge Financial | American Pathway VisionMYG 6 | 5.40% | 6 yr | $100,000 | 15% |
7-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Knighthead Life | Staysail 7 (Simple Interest) SI | 7.10%Top Rate | 7 yr | $100,000 | 0% | |
| Ibexis | MYGA Plus 7 (Simple Interest) SI | 6.85% | 7 yr | $100,000 | 10% | |
| Aspida | Synergy Choice 7 | 6.35% | 7 yr | $100,000 | 0% | |
| Athene IA | Athene Max Rate 7 (state specific) | 6.10% | 7 yr | $100,000 | Interest Only | |
| Knighthead Life | Staysail 7 With Liquidity (Simple Interest) SI | 6.05% | 7 yr | $100,000 | 10% | |
| Americo | Platinum Assure 7 | 6.00% | 7 yr | $25,000 | 5% | |
| Global Atlantic Financial Group | SecureFore II 7 | 6.00% | 7 yr | $100,000 | 10% | |
| AuguStar | LunarGuard 7 MVA | 5.95% | 7 yr | $100,000 | 5% |
8-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oxford Life Insurance Company | Multi-Select 8 | 5.90%Top Rate | 8 yr | $20,000 | 10% | |
| Clear Spring Life | Preserve MYGA 8 | 5.70% | 8 yr | $100,000 | 10% | |
| Pacific Guardian Life | Diamond Head 8 | 5.40% | 8 yr | $10,000 | 10% | |
| American National Insurance Company | Palladium MYG Annuity 8 | 5.30% | 8 yr | $250,000 | 10% | |
| Guaranty Income Life | Guaranty Rate Lock 8 | 3.90% | 8 yr | $250,000 | 5% |
9-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oxford Life Insurance Company | Multi-Select 9 | 5.95%Top Rate | 9 yr | $20,000 | 10% | |
| Capitol Life Insurance Company | Heritage Elite 9 | 5.75% | 9 yr | $10,000 | 0% | |
| Liberty Bankers Life | Heritage Elite 9 | 5.75% | 9 yr | $10,000 | 0% | |
| Capitol Life Insurance Company | Heritage Premier 9 | 5.70% | 9 yr | $10,000 | Interest Only | |
| Clear Spring Life | Preserve MYGA 9 | 5.70% | 9 yr | $100,000 | 10% | |
| Liberty Bankers Life | Heritage Premier 9 | 5.70% | 9 yr | $10,000 | Interest Only | |
| Capitol Life Insurance Company | Heritage Classic 9 | 5.65% | 9 yr | $10,000 | 10% | |
| Liberty Bankers Life | Heritage Classic 9 | 5.65% | 9 yr | $10,000 | 10% |
10-Year MYGA Rates
| Carrier | Product | AM Best | Rate | Term | Min Premium | Free Withdrawal |
|---|---|---|---|---|---|---|
| Oceanview Life and Annuity | Harbourview 10 | 6.20%Top Rate | 10 yr | $70,000 | 10% | |
| Lincoln Financial | Lincoln MYGuarantee Plus 10 | 6.00% | 10 yr | $100,000 | 10% | |
| Oxford Life Insurance Company | Multi-Select 10 | 5.95% | 10 yr | $20,000 | 10% | |
| Reliance Standard Life | Reliance Guarantee - 10 | 5.90% | 10 yr | $20,000 | 10% | |
| Delaware Life | Pinnacle Plus MYGA 10 | 5.85% | 10 yr | $100,000 | 10% | |
| Royal Neighbors of America | MYGA 10 Year | 5.80% | 10 yr | $100,000 | Interest Only | |
| American General Life Insurance Company | American Pathway VisionMYG 10 | 5.75% | 10 yr | $100,000 | 15% | |
| Assurity Life | SecurePath 10 | 5.75% | 10 yr | $2,000 | 12% |
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
- Nevada has no state income tax, annuity withdrawals are taxed only at the federal level
- The Nevada Life and Health Insurance Guaranty Association protects up to $250,000 in annuity present value per person, per insurer
- Nevada law requires a minimum 10-day free-look period for annuity contracts
- Nevada has no state estate tax and no inheritance tax, one of the cleanest states for wealth transfer
- Nevada attracts a significant number of California retirees specifically for its zero-income-tax advantage, a consideration if you’re comparing after-tax returns across state lines
Are Fixed Annuities a Good Investment in Nevada?
Nevada’s zero state income tax is especially impactful for retirees relocating from California, where state taxes on annuity income run from 9.3% to 13.3%. A retiree drawing $60,000 per year from an annuity who moves from California to Nevada saves approximately $5,580–$7,980 per year in state income taxes on that income alone. Over a 20-year retirement, that’s $111,600 to $159,600 in cumulative state tax savings, just on the annuity income.
Consider: Karen, age 66, moves from San Francisco to Henderson, Nevada, rolling $250,000 from her IRA into a 5-year MYGA at 5.00%. At maturity her account is approximately $319,070. When she draws down $50,000 per year, Nevada taxes none of it at the state level. Had she stayed in California, she’d owe $4,650 per year at a 9.3% effective rate. Nevada keeps $23,250 more in her pocket over the first five years of distributions alone.
Nevada Guaranty Association: How Your Annuity Is Protected
The Nevada Life and Health Insurance Guaranty Association (NVLHIGA) protects Nevada policyholders if a licensed insurer becomes insolvent. Coverage is automatic, no enrollment required.
| Coverage Type | Nevada 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 portfolios over $250,000, split across two or more carriers rated A- or better. Each insurer has its own separate $250,000 limit.
Nevada Life and Health Insurance Guaranty Association
Website: nvlifega.org
How Nevada Taxes Annuity Income
Nevada has no personal income tax. Annuity withdrawals, from MYGAs, fixed annuities, income annuities, or any other annuity type, face zero Nevada state taxation. Only federal income tax applies.
| Annuity Type | Nevada Tax Treatment | State Rate |
|---|---|---|
| Non-qualified (after-tax funds) | Nevada collects nothing; federal tax on gains applies | 0% |
| Qualified (IRA / 401(k) rollover) | Nevada collects nothing; federal tax on 100% of distributions applies | 0% |
| Roth IRA annuity | Qualified distributions are fully tax-free at both federal and state levels | 0% |
| 1035 Exchange | No Nevada or federal tax triggered on the exchange itself | N/A |
Nevada has no state estate tax and no inheritance tax. Annuity death benefits pass to named beneficiaries entirely free of Nevada-level taxation.
Nevada Division of Insurance
The Nevada Division of Insurance (NDI) licenses and regulates all insurance carriers and agents operating in Nevada. Before purchasing an annuity, verify both the carrier and your agent through NDI’s online license lookup. Consumer complaints are also filed through NDI.
| Contact | Details |
|---|---|
| Agency | Nevada Division of Insurance (NDI) |
| Consumer services (Las Vegas) | 702-486-4009 |
| Consumer services (Carson City) | 775-687-0700 |
| Website | doi.nv.gov |
| License verification | NDI license lookup |
Tips for Buying an Annuity in Nevada
- Zero state tax makes after-tax returns easy to calculate: Your net annuity return is your contract rate minus your federal bracket, nothing else. A 5.10% MYGA at a 22% federal bracket yields approximately 3.98% after-tax, with no state deduction.
- California retirees: calculate the full benefit of the move: If you’re relocating from California, the annuity tax savings alone, 9.3%–13.3% on withdrawals, can be significant enough to factor into your relocation decision.
- Work with an independent broker: Nevada has a growing independent insurance market in the Las Vegas metro and Reno. Independent brokers compare 20+ carriers to find your best available rate.
- Don’t exceed $250,000 per carrier: For portfolios over $250,000, use two or more carriers rated A- or better to stay within guaranty protection limits.
- Use the free-look period: Nevada requires at least 10 days to review and cancel any annuity contract for a full premium refund.
Frequently Asked Questions
Does Nevada tax annuity income?
No. Nevada has no personal income tax. Annuity withdrawals of any type, MYGA, fixed, income, or variable, are taxed only at the federal level. Nevada collects nothing.
What is the best annuity rate in Nevada today?
The best MYGA rates available to Nevada residents from carriers rated A- or better currently top out at 7.10%, depending on the term. See the live rate table above for current figures updated daily from AnnuityRateWatch.
How much does the Nevada Guaranty Association cover?
The Nevada 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 carriers rated A- or better.
Does Nevada have an estate or inheritance tax?
No. Nevada has neither a state estate tax nor an inheritance tax. Annuity death benefits pass to beneficiaries entirely free of Nevada-level taxation.
What is the free-look period for annuities in Nevada?
Nevada requires a minimum 10-day free-look period. You can return the contract for a full refund of premium within that window. Many carriers offer longer periods voluntarily.
Who regulates annuities in Nevada?
The Nevada Division of Insurance (NDI) licenses and regulates all carriers and agents in Nevada. Verify licenses at doi.nv.gov or call 702-486-4009 (Las Vegas) or 775-687-0700 (Carson City).
Is Nevada a good state for California retirees buying annuities?
Yes, one of the best. A California retiree drawing $60,000 per year from an annuity saves $5,580–$7,980 annually in state income taxes by being a Nevada resident instead. Over a 20-year retirement, that’s over $100,000 in cumulative state tax savings on annuity income alone.
