Today’s MYGA Rates Available in Indiana
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 Indiana
Filter by term, carrier rating, and minimum premium — then connect with a licensed Indiana agent about any rate you see.
See Today’s Rates →How Indiana taxes annuity income
Indiana applies one of the lowest flat income tax rates in the country — approximately 3% (on a legislated schedule stepping down to 2.9% by 2027) — to the taxable portion of annuity distributions. Qualified annuity distributions (IRA or 401(k) rollovers) are fully taxable as ordinary income; non-qualified annuities are taxed only on the earnings portion under exclusion-ratio rules. Note that Indiana counties also levy local income taxes that apply on top of the state rate.
Indiana does not tax Social Security benefits. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual. Verify the current-year rate with the Indiana Department of Revenue, as the rate steps down annually.
Source: Indiana Department of Revenue
Indiana Annuity Regulations
Free Look Period: At least 10 days; see your contract's cover page
Indiana annuity contracts include a free look period — a window after delivery during which you may return the contract for a full refund with no surrender charges. The minimum period is at least 10 days for most contracts, with the exact terms stated on your contract's cover page.
Carriers may offer longer periods than the state minimum. Confirm current requirements with the Indiana Department of Insurance.
Best Interest Standard: Adopted — effective July 1, 2024
Effective July 1, 2024, Indiana holds producers to the NAIC best-interest standard of conduct when recommending an annuity (760 IAC 1-72). 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: 760 IAC 1-72 — Indiana Department of Insurance
Replacement Rules
Indiana 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 760 IAC 1-72 — replacements driven primarily by producer compensation violate Indiana's standard of conduct.
