Today’s MYGA Rates Available in West Virginia
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 West Virginia
Filter by term, carrier rating, and minimum premium — then connect with a licensed West Virginia agent about any rate you see.
See Today’s Rates →How West Virginia taxes annuity income
West Virginia applies graduated income tax rates with a top rate of 4.82% (under a trigger-based schedule of continuing reductions) to the taxable portion of annuity distributions. Qualified annuity distributions are fully taxable as ordinary income; non-qualified annuities are taxed only on the earnings portion. A modest $8,000 senior decreasing modification applies for taxpayers 65 and older.
The headline change for retirees: West Virginia's Social Security tax phase-out is complete — as of 2026, benefits are 100% exempt at every income level. Federal income tax and the 10% federal early-withdrawal penalty (before age 59½) apply as usual. Verify the current-year rate with the West Virginia Tax Division as trigger-based cuts continue.
Source: West Virginia Tax Division — Individual Income Tax
West Virginia Annuity Regulations
Free Look Period: At least 10 days; see your contract's cover page
West Virginia 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, West Virginia'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 West Virginia Offices of the Insurance Commissioner.
Source: West Virginia Offices of the Insurance Commissioner — consumer resources
Best Interest Standard: Adopted — effective June 8, 2023
Effective June 8, 2023, West Virginia holds producers to the NAIC best-interest standard of conduct when recommending an annuity (W. Va. Code R. §§114-11B-1 et seq.). 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.
Source: W. Va. Code R. §114-11B — WV Offices of the Insurance Commissioner
Replacement Rules
West Virginia 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 W. Va. Code R. §114-11B.
Source: WV Offices of the Insurance Commissioner — consumer resources
