Today’s MYGA Rates Available in Arkansas
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 Arkansas
Filter by term, carrier rating, and minimum premium — then connect with a licensed Arkansas agent about any rate you see.
See Today’s Rates →How Arkansas taxes annuity income
Arkansas applies its graduated state income tax — with a top individual rate of 3.9% following recent legislated cuts — to the taxable portion of annuity distributions. Qualified annuity distributions are fully taxable as ordinary income; non-qualified annuities are taxed only on the earnings portion under exclusion-ratio rules.
Retiree-friendly rules: Arkansas does not tax Social Security benefits, and the first $6,000 of distributions from employer-sponsored retirement plans and IRAs is exempt from Arkansas income tax. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual. Arkansas has been cutting rates regularly — verify the current-year rate with the Department of Finance and Administration.
Source: Arkansas Department of Finance and Administration
Arkansas Annuity Regulations
Free Look Period: 10 days
Arkansas 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 Arkansas Insurance Department.
Best Interest Standard: Adopted — among the earliest states (Rule 82, 2020)
Arkansas was among the earliest adopters of the NAIC's best-interest revisions, through Insurance Rule 82 (effective December 29, 2020, with producers fully held to the standard by mid-2021). A producer recommending an annuity 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 best-interest training before selling annuities, and insurers must maintain supervision systems.
Replacement Rules
Arkansas 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 Rule 82's standard of conduct.
