The best MYGA company depends on the term you will actually hold. A two-year lock and a ten-year lock are different products, and the carrier that leads one rarely leads both. Rate leadership also rotates as issuers refile.
At Local Life Agents, we illustrate MYGAs across 30+ A-rated carriers and still show where published rate leaders sit—including names below A when they own a term—so you see yield and balance sheet in the same conversation.
Key Takeaways
- Term first. Rank companies inside one guarantee period. Mixing a five-year MYGA with a seven-year MYGA is not a fair comparison.
- One pick per lane. Each ranked entry below is our starting issuer for a specific job—default five-year, A-rated lock, three-year, short box, or A-rated two-year—not a forever brand ranking.
- Rating is part of the quote. Wichita is B+. Revol One and CL Life are B++. Oxford is A with a negative outlook we confirm the day we illustrate.
- Confirm the filing. Product availability and credited rates vary by state. The illustration in your state is the number that matters.
- Numbers live on the rates page. This ranking names who we illustrate first. Current term tables are on the MYGA rates page.
How we picked the best MYGA companies
We scored issuers the way a case actually gets placed: guaranteed rate for a stated term, minimum premium band, surrender and free-withdrawal language, AM Best rating, and whether the contract is filed where you live. We did not average unrelated terms into one score.
| Shopping lane | Our top pick |
|---|---|
| Default 5-year lock | Wichita National |
| A-rated mid and long lock | Oxford Life |
| 3-year lock | Revol One |
| Short 2-year lock | CL Life |
| A-rated 2-year at $70,000+ | Oceanview Life |
These are starting points from the October 12, 2026 rate sheets. If your state, premium band, or rating limit knocks a leader out, we take the next name on that term.
Expert Tip: Lock the term before you fall in love with a company name
Clients ask me for the best MYGA company the way they ask for the best bank. I ask how long the money can sit. A competitive five-year contract and a competitive ten-year contract can show the same credited rate and still be different decisions because of surrender years. Pick the hold period first. Then we rank issuers inside that box.
—Ryan Wood
Best MYGA companies by shopping lane
Rank 1: 1. Wichita National
- Standout term
- 5-year Security 5
- Published rate
- 6.40% ($10,000+)
- AM Best
- B+
- Leads the five-year board on the October 2026 snapshot we published
- Also leads seven years — still credits less than its own five-year
- Low $10,000 entry compared with high-band A-rated alternatives
- Rider versions that add free withdrawal or enhanced death benefit credit less
Wichita National is our default five-year starting point because that is the term most savers should shop first. On the snapshot we published, Security 5 credits 6.40% at a $10,000 minimum. Oxford's eight-year is the only higher number on the sheet, and it costs three more surrender years.
Best for: CD replacement money that can sit five years, and as the long rung of a ladder next to a two- or three-year contract.
Consider if: Your state's guaranty limit or internal rating rules will not size a B+ issuer for the check you want to write. We then illustrate the next five-year name.
Rank 2: 2. Oxford Life
- Standout term
- 8-year Multi-Select 8
- Published rate
- 6.45% ($20,000+)
- AM Best
- A (negative outlook)
- Highest guaranteed yield on the October sheet — Multi-Select 8
- A-rated issuer on every term it leads
- $20,000 entry — below Oceanview's mid-band on the terms Oxford took
- We confirm the current AM Best outlook the day we run your illustration
Oxford is the strength pick when the money can sit past five years, or when you want an A-rated name on a four-year lock. Multi-Select 8 is the top number on the sheet. Multi-Select 10 still credits less than Wichita's five-year, so a decade is a hold decision, not extra yield.
Best for: Buyers who want an A-rated lock and a known date at four, six, or eight years.
Consider if: You are shopping five years and Wichita is filed. Start there, then show Oxford if rating policy will not size a B+.
Rank 3: 3. Revol One
- Standout term
- 3-year
- Published rate
- 6.10% ($10,000+)
- AM Best
- B++
- BreakThrough 3yr and DirectGrowth 3 both credit 6.10% on the snapshot we published
- Wichita Security 3 is the next name we show if Revol One is not filed
- $10,000 minimum on the base contracts we quote most
- Enhanced death benefit and California versions credit less than the base yield
Revol One is the name we run when three years is the real date. It no longer leads seven or ten on this cycle — those lanes moved. Use Revol One for the three-year box, not as a default long lock.
Best for: Ladder rungs and money earmarked for a date about three years out.
Consider if: You can sit five. Wichita's five-year credits more. Leaving that on the table only makes sense when the date is real.
Rank 4: 4. CL Life
- Standout term
- 2-year Sundance 2
- Published rate
- 5.15% ($20,000+)
- AM Best
- B++
- Shares the two-year board with Oceanview at the same credited rate
- Opens at $20,000 — Oceanview needs $70,000 for the same yield
- B++ is easier to accept on a two-year hold than on a decade lock
- If Sundance 2 is not filed, we step to the next two-year name rather than stretching the term
CL Life is the first two-year illustration we run when someone wants a MYGA yield without a five-year surrender schedule. At $70,000 or more we also show Oceanview, same rate, A rating.
Best for: Cash with a known two-year date, or the short rung of a ladder.
Consider if: You can hold five years. Wichita's five-year is the better lock when the date is flexible.
Rank 5: 5. Oceanview Life
- Standout term
- 2-year Harbourview
- Published rate
- 5.15% ($70,000+)
- AM Best
- A
- Matches CL Life's two-year yield with an A rating
- Mid band opens at $70,000 — that is the trade for the rating
- No longer leads four years; Oxford took that lane this cycle
- We still run Harbourview when rating policy will not size CL Life
Oceanview is the two-year strength pick when the premium clears the mid band. It is not the four-year leader anymore. Do not stretch into a $70,000 band you cannot fund just to get the A on a short box.
Best for: $70,000 or more, two-year date, A-rated requirement.
Consider if: You are under $70,000. CL Life is the two-year illustration. If you want A-rated on a longer term, that is Oxford.
How to compare these companies
Pick the guarantee period you can hold. We illustrate the lane winner plus the next name if rating, band, or state filing knocks the headline out. You do not have to take the highest credited rate.
Compare annuity illustrations
Ready to illustrate the lane winner and a second issuer on the same term and premium?
Who this ranking is not for
This page is the wrong tool if you need income starting within a year, you want index-linked crediting with a floor, or you cannot leave the premium through surrender. Start with best SPIA companies for a paycheck, or best FIA companies for cap and participation design.
Conclusion
The best MYGA company is the issuer that wins the term you can hold at a rating and premium band you can accept. Wichita for the default five-year, Oxford when you want an A-rated lock, Revol One for three years, CL Life for two, Oceanview when the two-year check clears $70,000—that is how we open the comparison before we run your state.
A captive agent has one filing. We shop the same guarantee period across the carriers we can illustrate so the name on the application is the contract that fits, not last month's mailer. See the annuity companies hub for FIA and SPIA rankings.
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