Today’s MYGA Rates Available in North Carolina
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 North Carolina
Filter by term, carrier rating, and minimum premium — then connect with a licensed North Carolina agent about any rate you see.
See Today’s Rates →How North Carolina taxes annuity income
North Carolina applies a flat individual income tax to the taxable portion of annuity distributions — 3.99% for 2026, under a legislated schedule of annual rate reductions. Qualified annuity distributions are fully taxable as ordinary income; non-qualified annuities are taxed only on the earnings portion. North Carolina does not tax Social Security benefits.
Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual. Because North Carolina's rate is scheduled to step down further in future years if the state meets its general-fund revenue targets, the state tax cost of annuity income may keep falling — verify the current-year rate with the N.C. Department of Revenue.
Source: North Carolina Department of Revenue — tax rate schedules
North Carolina Annuity Regulations
Free Look Period: 10 days (20 days for replacements)
North Carolina gives annuity buyers a free look window per the N.C. Department of Insurance's consumer guidance:
- New contracts: a minimum 10-day free look period.
- Replacement contracts: a minimum 20-day free look period.
During the window you may return the contract for a refund. Carriers may offer longer periods — the exact terms are stated on your contract's cover page.
Source: North Carolina Department of Insurance — consumer guidance
Best Interest Standard: Adopted — effective January 1, 2023
Effective January 1, 2023, North Carolina 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 supervise recommendations.
Replacement Rules
North Carolina requires consumer protections when an existing annuity or life 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.
- The extended 20-day free look on the replacement contract, giving extra time to compare old and new.
Source: North Carolina Department of Insurance — consumer guidance
