Annuity Rate Changes: October 26, 2026 California MYGA Update
Updated October 26, 2026. Rates are for contracts issued in California and can change without notice.
Here are the annuity rate changes for October 2026 in California, measured against my last published update on October 12. Of the products on that list, 45 raised their guaranteed yield and 8 lowered it. The increases came from 10 carriers: Axonic, Aspida, American National, Athene, Ibexis, Delaware Life, EquiTrust, Clear Spring Life, Sagicor and Oceanview. All 8 decreases came from one carrier: Oxford Life Insurance Company cut its Multi-Select rates at every term from 3 to 10 years. Oxford had held the top yield at most of those terms, so the cut changed which products lead the list. 27 products are also new to the list, and none dropped off.
For every California MYGA rate, see my California fixed annuity rates page, which lists all 204 products from 34 carriers by term.
What Changed Since October 12
Every change below is in guaranteed yield to surrender, which is the annualized return if you hold the contract to the end of its term. Where a product pays more for bigger deposits, I compare its best band.
| Carrier | Product | Term | Old → New | Change |
|---|---|---|---|---|
| Oxford Life Insurance Company | Multi-Select 8 | 8 yr | 6.45% → 5.90% | −0.55 pts |
| Oxford Life Insurance Company | Multi-Select 6 | 6 yr | 6.35% → 5.95% | −0.40 pts |
| Oxford Life Insurance Company | Multi-Select 10 | 10 yr | 6.35% → 5.95% | −0.40 pts |
| Clear Spring Life | Preserve MYGA 5 | 5 yr | 5.45% → 5.80% | +0.35 pts |
| American National Insurance Company | Palladium MYG MAX 7 | 7 yr | 5.55% → 5.90% | +0.35 pts |
| American National Insurance Company | Palladium MYG Annuity 7 | 7 yr | 5.45% → 5.80% | +0.35 pts |
| American National Insurance Company | Palladium Match MYG Annuity 7 | 7 yr | 5.40% → 5.75% | +0.35 pts |
| Oxford Life Insurance Company | Multi-Select 9 | 9 yr | 6.30% → 5.95% | −0.35 pts |
| American National Insurance Company | Palladium MYG MAX 3 | 3 yr | 5.60% → 5.90% | +0.30 pts |
| American National Insurance Company | Palladium MYG Annuity 3 | 3 yr | 5.45% → 5.75% | +0.30 pts |
| American National Insurance Company | Palladium Match MYG Annuity 3 | 3 yr | 5.40% → 5.70% | +0.30 pts |
| Oxford Life Insurance Company | Multi-Select 4 | 4 yr | 6.05% → 5.75% | −0.30 pts |
| Clear Spring Life | Preserve MYGA 4 | 4 yr | 5.30% → 5.60% | +0.30 pts |
| Clear Spring Life | Preserve MYGA 6 | 6 yr | 5.40% → 5.70% | +0.30 pts |
| Oxford Life Insurance Company | Multi-Select 7 | 7 yr | 6.20% → 5.90% | −0.30 pts |
| Clear Spring Life | Preserve MYGA 7 | 7 yr | 5.40% → 5.70% | +0.30 pts |
| Clear Spring Life | Preserve MYGA 8 | 8 yr | 5.40% → 5.70% | +0.30 pts |
| Clear Spring Life | Preserve MYGA 9 | 9 yr | 5.40% → 5.70% | +0.30 pts |
| Clear Spring Life | Preserve MYGA 10 | 10 yr | 5.40% → 5.70% | +0.30 pts |
| Clear Spring Life | Preserve MYGA 3 | 3 yr | 5.20% → 5.45% | +0.25 pts |
| EquiTrust Life Insurance Company | Certainty Select 5 | 5 yr | 5.55% → 5.80% | +0.25 pts |
| Oceanview Life and Annuity | Harbourview 10 (CA) | 10 yr | 5.80% → 6.05% | +0.25 pts |
| Ibexis | MYGA Plus 3 (Simple Interest) CA | 3 yr | 5.49% → 5.72% | +0.23 pts |
| Aspida | Synergy Choice 2 | 2 yr | 4.60% → 4.80% | +0.20 pts |
| Aspida | Synergy Choice 3 | 3 yr | 5.50% → 5.70% | +0.20 pts |
| Aspida | Synergy Choice 5 | 5 yr | 6.10% → 6.30% | +0.20 pts |
| Athene IA | Athene Max Rate 5 (state specific) | 5 yr | 5.80% → 6.00% | +0.20 pts |
| Ibexis | MYGA Plus 5 (Simple Interest) CA | 5 yr | 5.59% → 5.79% | +0.20 pts |
| Oceanview Life and Annuity | Harbourview 6 (CA) | 6 yr | 5.75% → 5.95% | +0.20 pts |
| EquiTrust Life Insurance Company | Certainty Select 6 | 6 yr | 5.60% → 5.80% | +0.20 pts |
| Aspida | Synergy Choice 7 | 7 yr | 6.15% → 6.35% | +0.20 pts |
| Sagicor Life Insurance Company | Milestone MYGA 7 CA | 7 yr | 5.95% → 6.15% | +0.20 pts |
| Athene IA | Athene Max Rate 7 (state specific) | 7 yr | 5.90% → 6.10% | +0.20 pts |
| EquiTrust Life Insurance Company | Certainty Select 8 | 8 yr | 5.65% → 5.85% | +0.20 pts |
| Ibexis | MYGA Plus 7 (Simple Interest) CA | 7 yr | 5.50% → 5.68% | +0.18 pts |
| Delaware Life | Pinnacle Plus MYGA 5 | 5 yr | 5.95% → 6.10% | +0.15 pts |
| American National Insurance Company | Palladium MYG MAX 6 | 6 yr | 5.72% → 5.87% | +0.15 pts |
| American National Insurance Company | Palladium MYG Annuity 6 | 6 yr | 5.57% → 5.72% | +0.15 pts |
| EquiTrust Life Insurance Company | Certainty Select 10 | 10 yr | 5.70% → 5.85% | +0.15 pts |
| American National Insurance Company | Palladium MYG MAX 10 | 10 yr | 5.45% → 5.60% | +0.15 pts |
| American National Insurance Company | Palladium MYG Annuity 10 | 10 yr | 5.30% → 5.45% | +0.15 pts |
| Athene IA | Athene Max Rate 3 (state specific) | 3 yr | 5.65% → 5.75% | +0.10 pts |
| Axonic Insurance | Waypoint 3 MYGA | 3 yr | 5.65% → 5.75% | +0.10 pts |
| EquiTrust Life Insurance Company | Certainty Select 3 | 3 yr | 5.50% → 5.60% | +0.10 pts |
| Oxford Life Insurance Company | Multi-Select 3 | 3 yr | 5.70% → 5.60% | −0.10 pts |
| Sagicor Life Insurance Company | Milestone MYGA 5 CA | 5 yr | 5.85% → 5.95% | +0.10 pts |
| Sagicor Life Insurance Company | Milestone MYGA 6 CA | 6 yr | 5.85% → 5.95% | +0.10 pts |
| Delaware Life | Pinnacle Plus MYGA 7 | 7 yr | 5.85% → 5.95% | +0.10 pts |
| Delaware Life | Pinnacle Plus MYGA 10 | 10 yr | 5.85% → 5.95% | +0.10 pts |
| Axonic Insurance | Waypoint 2 MYGA | 2 yr | 5.10% → 5.15% | +0.05 pts |
| Delaware Life | Pinnacle Plus MYGA 3 | 3 yr | 5.60% → 5.65% | +0.05 pts |
| Axonic Insurance | Waypoint 5 MYGA | 5 yr | 6.10% → 6.15% | +0.05 pts |
| Oxford Life Insurance Company | Multi-Select 5 | 5 yr | 6.00% → 5.95% | −0.05 pts |
New and Removed Products
27 products are new to the California list, all from carriers that weren’t on it October 12:
- GCU: One Plus Four, Triple Advantage PLUS (2 products, 1/3 years). Its best yield is 5.25% on Triple Advantage PLUS at $50,000+.
- Talcott Financial Group: EverStead MYGA (9 products, 2/3/4/5/6/7/8/9/10 years). Its best yield is 6.10% on EverStead MYGA 10 at $500,000+.
- Liberty Bankers Life: Heritage Elite, Heritage Premier, Heritage Premier Plus, Heritage Classic (16 products, 3/5/7/9 years). Its best yield is 5.75% on Heritage Elite 5 at $10,000+.
No products dropped off the California list.
Best Yield by Term vs. October 12
| Term | This week | Oct 12 | Change | Leader this week |
|---|---|---|---|---|
| 1 yr | 4.25% | — | New term | GCU One Plus Four ($300+) |
| 2 yr | 5.15% | 5.15% | 0.00 pts | Oceanview Life and Annuity Harbourview 2 (CA) ($70,000+) |
| 3 yr | 5.90% | 5.70% | +0.20 pts | American National Insurance Company Palladium MYG MAX 3 ($250,000+) |
| 4 yr | 5.75% | 6.05% | −0.30 pts | Oxford Life Insurance Company Multi-Select 4 ($20,000+) |
| 5 yr | 6.30% | 6.10% | +0.20 pts | Aspida Synergy Choice 5 ($100,000+) |
| 6 yr | 5.95% | 6.35% | −0.40 pts | Oxford Life Insurance Company Multi-Select 6 ($20,000+) |
| 7 yr | 6.35% | 6.20% | +0.15 pts | Aspida Synergy Choice 7 ($100,000+) |
| 8 yr | 5.90% | 6.45% | −0.55 pts | Oxford Life Insurance Company Multi-Select 8 ($20,000+) |
| 9 yr | 5.95% | 6.30% | −0.35 pts | Oxford Life Insurance Company Multi-Select 9 ($20,000+) |
| 10 yr | 6.10% | 6.35% | −0.25 pts | Talcott Financial Group EverStead MYGA 10 ($500,000+) |
The top yield on the whole list is now 6.35% for 7 years (Aspida Synergy Choice 7, $100,000+), down from 6.45% on October 12 (Oxford Life Insurance Company Multi-Select 8).
What It Means If You Are Deciding Now
The picture is mixed rather than a clear move up or down. If you were looking at 3, 5 or 7 years, you can get more than you could on October 12: the best 3-year yield rose to 5.90%, the best 5-year to 6.30% and the best 7-year to 6.35%. Those leading rates need $100,000 or more, though. With $10,000 or less, the best 5-year yield is 5.85% (Reliance Standard Life Eleos MVA 5), and the hub page lists the best small-deposit rate for every term.
For longer terms, 8 to 10 years, the best yields fell because Oxford’s cut removed the leader. The best 10-year yield is now 6.10% (Talcott Financial Group EverStead MYGA 10), which needs $500,000. If you’d been holding off on an Oxford Multi-Select quote, the rate from early October is no longer available.
If you’re torn between locking in now and waiting, I walk through that tradeoff, with a MYGA ladder example, in are annuity rates going up or down.
Upcoming Rate Changes and Rate-Lock Timing
- Oct 27, 2026: Protective Life (2 products on the California list)
- Oct 28, 2026: Oceanview Life and Annuity (7 products on the California list)
- Oct 29, 2026: Ibexis (3 products on the California list)
- Oct 30, 2026: Symetra Life Insurance Company (9 products on the California list)
- Nov 1, 2026: Pruco Life Insurance Company (Prudential) (no products on the California MYGA list)
If one of these carriers’ products fits you, ask me about its rate-lock rules. Many carriers honor the current rate if the application is submitted before the change takes effect, so the dates above are the deadlines to watch.
Get a Quote
Rate is only one part of the decision. Surrender charges, free withdrawals and the carrier’s financial strength matter too. Request a free annuity quote and I’ll compare the California products that fit your deposit and timeline.
Frequently Asked Questions
Did annuity rates go up or down this week?
Both. Among California MYGAs listed on October 12, 45 raised their guaranteed yield and 8 lowered it. The cuts all came from Oxford Life Insurance Company’s Multi-Select line; every other carrier that changed rates raised them.
What is the best MYGA rate in California this week?
As of October 26, 2026, the highest guaranteed yield is 6.35% for 7 years (Aspida Synergy Choice 7) with a $100,000 deposit. The best 5-year yield is 6.30% (Aspida Synergy Choice 5).
Should I wait for annuity rates to go up before buying?
No one can predict rates reliably. Since October 12 some terms rose and others fell. A common approach is to split money across several terms (a ladder) so part of it comes due sooner and can be reinvested at whatever rates are available then.
Source: AnnuityRateWatch.com carrier data via AIP Marketing Alliance, retrieved October 26, 2026, compared with my October 12, 2026 update. Rates, availability, and features change without notice and must be verified with the issuing carrier at application. Products sold only through fee-based advisory accounts are excluded.
Kevin Edwards, Integrity Now Insurance Brokers. California Insurance License #0D42517. Annuities are insurance products, not bank deposits, and are not FDIC insured. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Withdrawals before the end of the surrender period may be subject to surrender charges and market value adjustments; withdrawals of taxable amounts may be subject to ordinary income tax and, if taken before age 59½, a 10% federal tax penalty. This post is for educational purposes and is not tax or legal advice. Product availability and features vary by state.
