Last updated: April 30, 2026Reviewed by John Ziesing, FRC

Florida · 2026 Rates

Best Annuity Rates in Florida (2026)

Florida retirees are sitting in the best annuity-rate environment in two decades. Top-tier 5-year MYGA contracts are paying north of 5.85%, fixed index annuities are crediting double-digit caps, and because Florida has no state income tax, every basis point of growth is yours to keep. Advanced Capital Management shops 12+ A-rated carriers daily so you don't have to guess which contract is actually best.

5.85%

Top 5-yr MYGA, Apr 2026

6.00%

Top 7-yr MYGA, Apr 2026

FL state income tax

12+

A-rated carriers shopped

Why Florida is the right state to buy an annuity in 2026

Florida pairs three rare advantages: no state income tax on annuity growth or withdrawals, strong creditor protection for annuity contracts under Fla. Stat. § 222.14, and a deep retiree population that gives Florida-licensed agents access to carrier promotions other states don't see. Together those mean the after-tax yield on a Florida annuity is materially higher than the same contract bought in a high-tax state.

Combine that with multi-decade highs in MYGA rates and the math is simple — capital that's been parked in low-yield bank CDs is leaving an enormous amount of money on the table. The gap between a 1.50% bank CD and a 5.85% MYGA is roughly $43,500 over five years on a $200,000 deposit.

MYGA rates as high as 6.00% on 7-year contracts (April 2026).
Fixed index annuities with annual caps in the 11–13% range.
Income riders guaranteeing 6.5%+ roll-up on the income base.

How ACM finds the actually-best rate (not the loudest one)

Carrier rate sheets change weekly. The contract advertised on a billboard in St. Petersburg today may be third-best by Friday. Because we're independent, we shop 12+ A-rated carriers — not just one — and pull live rates the day we run your quote.

We also screen on the criteria that don't appear on the rate sheet: surrender schedule, free-withdrawal provisions, market value adjustment, and the carrier's claims-paying rating. A 5.85% MYGA from a B-rated carrier is not a better deal than a 5.65% MYGA from an A+-rated carrier — and we'll explain why before you sign anything.

Where Florida retirees are deploying capital

Most Florida clients we serve from Tampa, Clearwater, Sarasota, St. Petersburg, Bradenton, and Lakewood Ranch are using one of three structures: a 5- or 7-year MYGA for principal-protected yield, a fixed index annuity with an income rider for guaranteed lifetime income, or a hybrid split that hedges both objectives.

Which structure is right for you depends on when you'll need the income, your existing tax bracket, and whether you're funding from non-qualified or IRA money. Every recommendation we make is in writing and tied to your specific cash-flow plan.

Florida-specific advantages every retiree should know

Florida retirees enjoy structural advantages that don't exist in most other states. These compound over a 20-year retirement and meaningfully change which annuity structure makes sense.

No state income tax on annuity interest, withdrawals, or income-rider distributions.
Annuity proceeds are protected from creditors under Fla. Stat. § 222.14 (subject to limits).
No state estate or inheritance tax — the full annuity death benefit passes to heirs.
Homestead protection lets you deploy more liquid capital into income-producing annuities.
Florida's regulatory regime gives retirees the right to a free 21-day review period on most annuity contracts.

Frequently Asked Questions

What is the best annuity rate in Florida right now?

As of April 2026, the top 5-year MYGA rate available to Florida residents is 5.85% from an A-rated carrier, with 7-year contracts reaching 6.00%. Rates change weekly, so the best practice is to request a current quote rather than rely on a published number.

Are annuity rates better in Florida than other states?

The contract rate itself is set by the carrier and does not vary by state, but Florida residents keep more of the yield because Florida has no state income tax on annuity growth or distributions. On a 5.85% MYGA, a Florida retiree nets roughly 1–1.3% more after tax than a comparable resident of a high-tax state.

How long are Florida annuity rates locked in?

MYGA rates are locked for the full surrender period — typically 3, 5, 7, or 10 years. Fixed index annuity caps and participation rates are set by the carrier annually. ACM reviews renewal terms with every client before each new crediting period.

Is my principal safe in a Florida annuity?

Annuity principal is guaranteed by the issuing insurance carrier, not the federal government. ACM only places business with A-rated carriers. Florida also operates a Life & Health Guaranty Association that provides up to $250,000 of additional coverage per contract should a carrier fail.

Can I buy a Florida annuity if I live in another state?

Annuities are issued based on state of residence at the time of application, not where the agent is located. ACM is licensed in Florida plus 9 other states (IN, TX, TN, OH, PA, MD, MI, WI, NV, ID), so we can write contracts directly in any of those states.

Ready to talk to a Florida fiduciary?

Get a free 20-Minute Benefits Review with John G. Ziesing, FRC. We shop A-rated carriers and tailor every recommendation to Florida retirement rules — no obligation, no pressure.

Book Your Free 20-Min Review (727) 542-7659

Related Florida resources

Legal

This website is for informational purposes only and does not constitute financial advice. Please consult with a qualified professional for your specific needs.

Review our Privacy Policy to learn how we handle your information.