Today’s MYGA Rates Available in Ohio
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 Ohio
Filter by term, carrier rating, and minimum premium — then connect with a licensed Ohio agent about any rate you see.
See Today’s Rates →How Ohio taxes annuity income
Ohio moved to a flat income tax of 2.75% on income above $26,050 beginning January 1, 2026 — income below that threshold is untaxed. The taxable portion of annuity distributions is taxed as ordinary income at that flat rate: qualified annuities fully, non-qualified annuities on the earnings portion. Ohio offers a modest retirement income credit (up to $200) and a senior citizen credit for qualifying taxpayers. Note that many Ohio municipalities levy local income taxes, though most do not tax retirement income.
Ohio does not tax Social Security benefits. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual.
Source: Ohio Department of Taxation — Individual Income Tax
Ohio Annuity Regulations
Free Look Period: At least 10 days; see your contract's cover page
Ohio 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 Ohio Department of Insurance.
Best Interest Standard: Adopted — effective February 14, 2021 (among the first states)
Ohio was among the very first states to adopt the NAIC's 2020 best-interest revisions, effective February 14, 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 a 4-hour best-interest training course before selling annuities, and insurers must maintain supervision systems.
Source: Ohio Department of Insurance
Replacement Rules
Ohio 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 Ohio's standard of conduct.
