Best 6 Year Annuity Rate
Jason Stolz CLTC, CRPC
Looking for the best 6-year annuity rate? You’re in the right place. A 6-year fixed annuity (MYGA) often delivers a higher guaranteed yield than 3–5 year terms while avoiding a decade-long lockup. At Diversified Insurance Brokers, we compare products from 75+ top-rated carriers to help you secure competitive multi-year guarantees—without sales pressure or hidden fees.
A 6-year fixed annuity credits a guaranteed interest rate for 72 months, protects principal, and grows tax-deferred. At maturity, you can renew, move to a different term, or take a full distribution—so you stay in control as rates and goals evolve.
What Is a 6-Year Fixed Annuity?
A 6-year MYGA is an insurance contract that locks a contractual rate for six consecutive years. Interest compounds tax-deferred until you take distributions. When the term ends, most contracts offer an election window to renew at then-current rates, roll to another annuity, or withdraw without surrender charges.
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Compare today’s top fixed annuity offers and see which 6-year carriers fit your timeline and goals best.
Who Should Consider a 6-Year Annuity?
The 6-year term can be a “sweet spot” for savers who want stronger guaranteed yield than 3–5 year contracts and are comfortable with a moderate, defined commitment. Consider a 6-year MYGA if you’re:
- Laddering across 3–5–6–7 years to create periodic liquidity and reinvestment options.
- Rolling over CDs or cash to lock a multi-year guarantee while rates are attractive.
- Covering a known time horizon (pre-retirement runway, tuition, or a planned purchase).
- Seeking principal protection and predictable growth over market risk.
Safety matters: We recommend carriers rated A- or better by independent agencies. Fixed annuities are backed by the insurer’s general account and supported by state guaranty associations up to statutory limits.
Benefits of a 6-Year MYGA
- Often Higher Guaranteed Yield: Six-year terms typically credit more than 3–5 year options.
- Tax-Deferred Growth: Earnings compound without annual taxation until withdrawal.
- Principal Protection: No market downside—your growth is contractual.
- Built-In Liquidity: Many contracts allow up to 10% penalty-free each year (check your policy).
- Flexible Maturity Choices: Renew, change terms, or take a full distribution at the end of year six.
Why 6-Year Rates Move
Carrier rates track bond yields, portfolio positioning, and competitive dynamics. Because those inputs change, the “best 6-year annuity rate” can shift quickly. Our team monitors 75+ carriers so you can capture favorable windows—small improvements (0.15%–0.25%) can compound meaningfully over six years.
How to Compare 6-Year Annuity Options
- Financial Strength: Favor A- or better ratings for long-term reliability.
- Liquidity Provisions: Confirm penalty-free amounts (often 10%) and any interest-only access.
- Renewal Rules: Know your election window; some contracts auto-renew if you take no action.
- Minimums & Issue Ages: Typical minimums $10,000–$25,000; age limits vary by carrier.
- MVA (Market Value Adjustment): Understand how an MVA can affect early withdrawals during the term. See our Market Value Adjustment Explained guide.
Laddering with a 6-Year “Yield Rung”
Laddering spreads purchases across terms so something matures on a predictable schedule. A 6-year rung can serve as a higher-yield anchor between mid-range and longer terms—giving you attractive crediting while other rungs keep annual or biannual liquidity.
6-Year MYGAs vs. CDs & Money Markets
- Tax Treatment: Annuity growth is tax-deferred; CD interest is taxed annually.
- Yield: Insurers can often credit higher fixed rates than banks due to different investment models.
- Flexibility at Maturity: Renew, withdraw, or pivot to an income or indexed annuity based on goals.
- Risk Profile: No market volatility—your rate is contractual and guaranteed for six years.
Many retirement savers pair a 6-year MYGA with shorter and longer rungs—using the 6-year for dependable mid-to-long horizon growth while keeping other funds liquid or positioned for higher multi-year yields.
Next Step: Compare Current Fixed Annuity Rates
See live 6-year MYGA offerings and carrier specifics on our Fixed Annuity Rate Page. Rate windows can be brief—review options now and decide with confidence.
Get Current Annuity Rate Comparisons
See side-by-side 6-year MYGA rates, liquidity features, and financial-strength scores.
Related Topics to Explore
- Best Short-Term MYGA Annuities
- Tax-Deferred Annuity Strategies
- Annuity Surrender Charges Explained
- Guaranteed Lifetime Withdrawal Benefits Explained
- Annuity Rollover Options for Teachers
Compare Annuity Rates by Term
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Frequently Asked Questions
What is the best 6-year annuity rate right now?
Rates vary by carrier and change often. See our fixed annuity rate page for the latest 6-year offers.
Do 6-year MYGAs pay more than 3–5 year terms?
Typically yes—the longer commitment is often rewarded with a higher guaranteed rate.
Can I access funds during the 6-year term?
Many contracts allow up to 10% penalty-free per year. Check your policy’s liquidity provisions.
What happens at maturity?
You can renew, roll to another term, or take a full withdrawal during the contract’s election window.
Are 6-year fixed annuities safe?
They’re backed by the insurer’s financial strength and supported by state guaranty associations up to statutory limits.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
