Today’s MYGA Rates Available in Mississippi
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 Mississippi
Filter by term, carrier rating, and minimum premium — then connect with a licensed Mississippi agent about any rate you see.
See Today’s Rates →Mississippi exempts most retirement income — including qualified annuities
Mississippi is one of the most retirement-tax-friendly states in the country. Retirement income from federal, state, and private retirement systems is exempt from Mississippi income tax — including pensions, qualified annuities, and normal-retirement distributions from IRAs and 401(k)s. Social Security benefits are exempt as well.
Two exceptions to plan around: early distributions (taken before meeting the plan's retirement requirements) do not receive the exemption and are taxable, and non-qualified annuity earnings fall outside the retirement-plan exemption. Income that is taxable is taxed at Mississippi's flat rate (4.0% for 2026, on a legislated schedule of reductions). Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual.
Source: Mississippi Department of Revenue — Individual Income Tax
Mississippi Annuity Regulations
Free Look Period: At least 10 days; see your contract's cover page
Mississippi 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 Mississippi Insurance Department.
Source: Mississippi Insurance Department — consumer resources
Best Interest Standard: Adopted — effective July 1, 2022
Effective July 1, 2022, Mississippi holds producers to the NAIC best-interest standard of conduct when recommending an annuity (19 Miss. Admin. Code Pt. 2, §§18.01–18.11). 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. Notably, Mississippi required producers to complete best-interest training before the effective date, and insurers must maintain supervision systems.
Source: 19 Miss. Admin. Code Pt. 2, §§18.01–18.11 — Mississippi Insurance Department
Replacement Rules
Mississippi 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 19 Miss. Admin. Code Pt. 2, Ch. 18.
Source: Mississippi Insurance Department — consumer resources
