MYGA Rates in West Virginia for October 2026
MYGA Rates in West Virginia for October 2026
West Virginia retirees and conservative savers who want a predictable rate of return may be comparing
Multi-Year Guaranteed Annuities, or MYGAs, with CDs, bonds, and other fixed-income choices.
For October 2026, the MYGA rate information shown below includes options ranging from
5.15% to 6.35%, depending on the insurance company, guarantee period,
minimum premium, age requirements, and product availability.
West Virginia MYGA Rate Snapshot
Based on the October 2026 rate list used for this article, the highest rate shown is
6.35%. That rate appears on Oxford Life Multi-Select for both
6-year and 10-year guarantee periods.
Five-year options in the same list reach 6.15%.
October 2026 MYGA Rates Available for Comparison in West Virginia
The table below summarizes the carrier, product, financial strength rating, guarantee term,
rate, and minimum premium from the rate information provided for this article.
| Carrier | Product | Rating | Guarantee Period | Rate | Minimum Premium |
|---|---|---|---|---|---|
| Oceanview | Harbourview | A | 2 Years | 5.15%* | $70,000 |
| Heartland National | Secure Rate Pro | B++ | 3 Years | 5.80% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 3 Years | 5.80% | $10,000 |
| Oxford Life | Multi-Select | A | 3 Years | 5.70% | $20,000 |
| Athene | Max Rate | A+ | 3 Years | 5.65%* | $100,000 |
| Axonic | Waypoint | A- | 3 Years | 5.65%* | $100,000 |
| Farmers Life | Safeguard Plus | B++ | 5 Years | 6.15% | $10,000 |
| Heartland National | Secure Rate Pro | B++ | 5 Years | 6.10% | $5,000 |
| Axonic | Waypoint | A- | 5 Years | 6.10%* | $100,000 |
| Oxford Life | Multi-Select | A | 5 Years | 6.00% | $20,000 |
| Sagicor | Milestone Max | A | 5 Years | 5.90%* | $75,000 |
| Oxford Life | Multi-Select | A | 6 Years | 6.35% | $20,000 |
| Oxford Life | Multi-Select | A | 7 Years | 6.20% | $20,000 |
| Heartland National | Secure Rate Pro | B++ | 7 Years | 6.10% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 7 Years | 6.05% | $10,000 |
| Sagicor | Milestone MAX | A | 7 Years | 6.00%* | $75,000 |
| Athene | Max Rate | A+ | 7 Years | 5.95%* | $100,000 |
| Oxford Life | Multi-Select | A | 10 Years | 6.35% | $20,000 |
| Heartland National | Secure Rate Pro | B++ | 10 Years | 6.15% | $5,000 |
| Farmers Life | Safeguard Plus | B++ | 10 Years | 6.15% | $10,000 |
| Oceanview | Harbourview | A | 10 Years | 5.95%* | $70,000 |
| Reliance Standard | Reliance Guarantee | A++ | 10 Years | 5.90% | $20,000 |
Rates shown are based on the carrier information supplied for late September and early October 2026.
Rates can change without notice. Product availability, premium requirements, issue ages,
surrender periods, and withdrawal features may vary. An asterisk (*) reflects the notation
contained in the original rate information.
What Is the Highest MYGA Rate Shown for West Virginia?
The highest rate on this October 2026 list is 6.35%.
Oxford Life Multi-Select is shown at that rate for both a
6-year and a 10-year guarantee period.
A high rate can be attractive, but term length matters.
Someone who may need access to the money sooner could prefer a shorter guarantee period,
even if the rate is slightly lower.
What Are the Strongest 5-Year MYGA Rates on the List?
For consumers looking specifically at a 5-year term, the rate list shows:
- 6.15% – Farmers Life Safeguard Plus
- 6.10% – Heartland National Secure Rate Pro
- 6.10%* – Axonic Waypoint
- 6.00% – Oxford Life Multi-Select
- 5.90%* – Sagicor Milestone Max
Why Some West Virginia Retirees Compare MYGAs With CDs
Many retirees prefer knowing what rate they will earn rather than depending on daily market movements.
That is one reason MYGAs are often compared with bank CDs.
Both can provide a fixed rate for a stated period, but the products are different.
A CD is a bank product. A MYGA is an insurance contract.
A bank CD may qualify for FDIC insurance within applicable limits.
A MYGA is not FDIC insured. Its guarantees are backed by the claims-paying ability
and financial strength of the insurance company that issues the contract.
How Does a MYGA Work?
A MYGA lets you place a lump sum with an insurance company in exchange for a guaranteed rate
for a specified period of time.
For example, a 5-year MYGA generally guarantees the stated interest rate for five years,
subject to the terms of the contract.
At the end of the guarantee period, the owner may have options such as renewing,
withdrawing funds, or selecting another available contract option.
Those choices depend on the specific insurer and contract.
Can a MYGA Be Used With IRA Money?
Yes, many MYGA contracts can accept qualified retirement assets such as IRA funds,
as well as non-qualified money.
The products in the rate list supplied for this article are shown as accepting
qualified and non-qualified funds, subject to carrier rules and eligibility.
Because retirement account transfers and distributions may have tax consequences,
consumers should understand the transaction before moving retirement funds.
Is a 3-Year or 5-Year MYGA Better?
There is no single best term for everyone.
A 3-year contract may appeal to someone who wants to reassess rates sooner.
A 5-year contract may appeal to someone who is comfortable locking in a rate longer
in exchange for potentially higher interest.
The decision should be based on liquidity needs, retirement timing,
surrender charges, and how much of your savings you want committed.
What Is a MYGA Ladder?
A MYGA ladder is a strategy that spreads money across contracts with different maturity dates.
Instead of putting an entire amount into one 7-year or 10-year contract,
someone might divide funds among 3-year, 5-year, and 7-year contracts.
This creates several future dates when portions of the money become available for review.
Why Carrier Ratings Matter
The insurance company’s financial strength is important because MYGA guarantees rely on
the issuing insurer’s ability to meet its obligations.
The carrier ratings in this rate list range from B++ to A++.
Rate should therefore be considered alongside the insurer’s rating,
contract provisions, surrender schedule, and withdrawal features.
MYGA Help Across West Virginia
Mintco Financial can help consumers compare MYGA and fixed annuity options throughout West Virginia,
including Charleston, Huntington, Morgantown, Parkersburg, Wheeling, Beckley, Martinsburg,
Fairmont, and surrounding communities.
Rather than looking at only one insurance company, we can help compare multiple carriers,
different guarantee periods, minimum premium requirements, and financial strength ratings.
Compare MYGA Rates in West Virginia
Want help comparing MYGA terms, rates, and insurance companies?
Mintco Financial can help you review the options.
Talk directly with an experienced professional — no call center.
Frequently Asked Questions About MYGA Rates in West Virginia
What is the highest MYGA rate shown in West Virginia for October 2026?
The highest rate in the supplied October 2026 list is 6.35%, shown for Oxford Life Multi-Select
6-year and 10-year terms.
What is the highest 5-year MYGA rate shown?
The highest 5-year rate in the supplied list is 6.15%, shown for Farmers Life Safeguard Plus.
Are MYGA rates fixed?
MYGA rates are generally guaranteed for the selected contract period,
subject to the terms of the insurance contract.
Can I lose money in a MYGA because the stock market falls?
A traditional fixed MYGA is not directly invested in the stock market,
so its credited rate does not fluctuate with daily stock market performance.
Contract terms, surrender charges, and insurer claims-paying ability still matter.
Are MYGAs insured by the FDIC?
No. MYGAs are insurance contracts and are not FDIC insured.
Guarantees depend on the financial strength and claims-paying ability of the issuing insurance company.
Can I buy a MYGA with retirement money?
Many MYGA contracts accept qualified retirement assets such as IRA money,
as well as non-qualified funds, subject to product rules.
This information is educational and is not individualized investment, legal, or tax advice.
Fixed annuities are insurance products and are not bank deposits or FDIC insured.
Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Rates, availability, and contract provisions are subject to change.
Review the actual carrier contract and disclosures before purchasing.