Today’s MYGA Rates Available in Alaska
Multi-year guaranteed annuity (MYGA) rates change frequently and availability varies by state. Rather than show a snapshot that goes stale, we maintain a live comparison of 2,400+ products from 60+ carriers, updated from industry rate feeds.
Compare live MYGA rates for Alaska
Filter by term, carrier rating, and minimum premium — then connect with a licensed Alaska agent about any rate you see.
See Today’s Rates →Alaska does not tax annuity income
Alaska has no state income tax — in fact, no individual income tax of any kind. Annuity withdrawals, annuitized payments, and lump-sum distributions are not taxed at the state level, making Alaska one of the most tax-favorable states in the country for retirement income.
Federal income tax still applies. Qualified annuities (funded with pre-tax dollars through an IRA or 401(k) rollover) are fully taxable as ordinary income when distributed; non-qualified annuities are taxed only on the earnings portion under exclusion-ratio rules. Withdrawals before age 59½ may incur a 10% federal early-withdrawal penalty.
Source: Alaska Department of Revenue — Tax Division
Alaska Annuity Regulations
Free Look Period: 10 days
Alaska provides annuity purchasers a 10-day free look period from delivery of the contract, during which the contract may be returned for a refund with no surrender charges.
Carriers may offer longer periods than the state minimum — the exact terms are stated on your contract's cover page. Confirm current requirements with the Alaska Division of Insurance.
Best Interest Standard: Adopted — effective January 15, 2023
Effective January 15, 2023, Alaska holds producers to the NAIC best-interest standard of conduct when recommending an annuity. The producer must act in the consumer's best interest — satisfying care, disclosure, conflict-of-interest, and documentation obligations — and may not place their own financial interest ahead of the consumer's. Producers must complete a 4-hour best-interest training course before selling annuities, and insurers must maintain supervision systems over recommendations.
Source: Alaska Division of Insurance
Replacement Rules
Alaska requires consumer protections when an existing annuity or life insurance policy is replaced:
- A written replacement notice identifying the contracts being replaced and disclosing surrender charges, benefits, and features being given up.
- Notification to the existing insurer.
- A documented best-interest basis for the recommendation under Alaska's standard of conduct.
