Today’s MYGA Rates Available in Kentucky
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 Kentucky
Filter by term, carrier rating, and minimum premium — then connect with a licensed Kentucky agent about any rate you see.
See Today’s Rates →How Kentucky taxes annuity income
Kentucky applies a flat income tax (3.5% for 2026, recently reduced from 4%) to taxable income — but Kentucky's retirement income exclusion shelters a substantial amount first:
- Each taxpayer may exclude up to $31,110 per year of retirement income — including pension, annuity, IRA, and 401(k) distributions — from Kentucky income tax.
- A married couple where both spouses have retirement income can each claim the exclusion — up to $62,220 combined.
Kentucky does not tax Social Security benefits. Retirement income above the exclusion is taxed at the flat rate. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual.
Source: Kentucky Department of Revenue
Kentucky Annuity Regulations
Free Look Period: At least 10 days; see your contract's cover page
Kentucky annuity contracts include a free look period — a window after delivery during which you may return the contract for a refund:
- Most contracts: at least 10 days, with the exact period stated on your contract's cover page.
- Disclosure protection: if the required annuity buyer's guide and disclosure document were not provided at or before application, Kentucky's adoption of the NAIC disclosure model requires a free look of at least 15 days.
Carriers may offer longer periods. Confirm current requirements with the Kentucky Department of Insurance.
Source: Kentucky Department of Insurance — consumer resources
Best Interest Standard: Adopted — effective January 2022
Effective January 2022, Kentucky holds producers to the NAIC best-interest standard of conduct when recommending an annuity (806 KAR 12:120). 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 (806 KAR 9:025), and insurers must maintain supervision systems.
Source: 806 KAR 12:120 — Kentucky Department of Insurance
Replacement Rules
Kentucky 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 806 KAR 12:120.
Source: Kentucky Department of Insurance — consumer resources
