Last updated October 12, 2026. Caps are for contracts issued in California and can change at any time — confirm today’s cap before you apply.
These are the current California fixed index annuity rates for the most widely offered crediting strategy: the S&P 500® annual point-to-point cap. The tables cover 158 fixed index annuities (FIAs) from 25 carriers available to California residents. As of this update, the best cap is 11.00% with a 5-year surrender period, 11.65% with a 7-year surrender period and 12.00% with a 10-year surrender period.
I’m Kevin Edwards, an independent California annuity agent. FIAs offer dozens of crediting strategies, most on proprietary indexes that can’t be compared side by side. The S&P 500 annual cap is the one nearly every carrier offers, so it’s the fairest way to compare products. I update this page every week.
Best S&P 500 Cap by Surrender Period
| Surrender period | Best S&P 500 cap | Carrier | Product | Guaranteed minimum cap | Products available |
|---|---|---|---|---|---|
| 3 years | 8.00% | MassMutual Ascend Life Insurance Company | American Landmark 3 | 2.40% | 2 |
| 5 years | 11.00% | Global Atlantic Financial Group | ForeAccumulation II 5 | 1.00% | 28 |
| 7 years | 11.65% | Delaware Life | Retirement Stages Select 7 | 0.25% | 43 |
| 8 years | 8.90% | North American Company | Performance Choice 8 | 0.50% | 1 |
| 9 years | 9.25% | American Equity Investment Life Insurance Company | AssetShield 9 CA | 1.00% | 4 |
| 10 years | 12.00% | Delaware Life | Target Growth 10 | 0.25% | 79 |
| 14 years | 6.50% | North American Company | Charter Plus 14 CA FEE | 0.50% | 1 |
All California Fixed Index Annuity Rates by Surrender Period
Each table lists every FIA in California that offers an S&P 500 annual point-to-point cap strategy with a 0% floor, no strategy fee and a stated guaranteed minimum cap, sorted by cap. Where a product’s cap depends on deposit size, I show its highest cap. The guaranteed minimum cap is the lowest the carrier can set the cap at renewal.
3-Year Surrender Period: S&P 500 Caps in California (2 products)
| Carrier | Product | S&P 500 cap | Guaranteed min. cap | AM Best | Riders | Notes |
|---|---|---|---|---|---|---|
| MassMutual Ascend Life Insurance Company | American Landmark 3 | 8.00% | 2.40% | A++ | None | MVA |
| Oceanview Life and Annuity | Harbourview FIA 3 CA | 7.00% | 1.00% | A | None | — |
5-Year Surrender Period: S&P 500 Caps in California (28 products)
| Carrier | Product | S&P 500 cap | Guaranteed min. cap | AM Best | Riders | Notes |
|---|---|---|---|---|---|---|
| Global Atlantic Financial Group | ForeAccumulation II 5 | 11.00% | 1.00% | A | 2 optional | — |
| Delaware Life | Retirement Stages Select 5 | 10.90% | 0.25% | A- | None | MVA |
| National Life Group | Zenith Growth 5 | 10.80% | 0.25% | A+ | None | MVA; Loan provision |
| Axonic Insurance | Trailhead 5 | 10.75% | 1.00% | A- | None | MVA |
| Reliance Standard Life | Reliance Accumulator 5 | 10.75% | 1.00% | A++ | None | — |
| Sagicor Life Insurance Company | Sage Accumulator 5 CA | 10.65% | 1.00% | A | None | MVA |
| American General Life Insurance Company | Power 5 Protector | 10.50% | 2.00% | A | None | MVA |
| Reliance Standard Life | Keystone 5 Index Annuity | 10.25% | 1.00% | A++ | None | — |
| Ibexis | FIA Plus 5 CA | 10.00% | 1.00% | A- | None | — |
| Ibexis | WealthDefender 5 CA | 10.00% | 1.00% | A- | None | — |
| Lincoln Financial | Lincoln OptiBlend 5 CA | 10.00% | 1.00% | A | None | — |
| MassMutual Ascend Life Insurance Company | American Landmark 5 | 9.50% | 2.40% | A++ | 1 optional | — |
| The Standard | Enhanced Choice Index Plus 5 | 9.25% | 1.00% | A | None | — |
| The Standard | Enhanced Choice Index Plus 5 CA | 9.25% | 1.00% | A | None | — |
| EquiTrust Life Insurance Company | MarketFive Index | 9.00% | 1.00% | B++ | None | — |
| The Standard | Index Select Annuity 5 | 9.00% | 1.00% | A | None | — |
| Guaranty Income Life | WealthChoice 5 | 8.75% | 1.00% | A- | None | MVA |
| Oceanview Life and Annuity | Harbourview FIA 5 CA | 8.40% | 1.00% | A | None | — |
| American Equity Investment Life Insurance Company | AssetShield 5 | 8.25% | 1.00% | A | None | MVA |
| National Life Group | Flex Secure Growth 5 | 7.00% | 0.10% | A+ | None | MVA; Loan provision |
| Ibexis | WealthDefender Bonus 5 CA | 6.75% | 1.00% | A- | None | — |
| Ibexis | FIA Plus 5 Premium Bonus CA | 6.50% | 1.00% | A- | None | — |
| Aspida | Synergy Choice Bonus 5 CA | 6.25% | 1.00% | A- | None | MVA |
| American Equity Investment Life Insurance Company | AssetShield 5 Bonus (Option 1) | 6.00% | 1.00% | A | None | MVA |
| American Equity Investment Life Insurance Company | AssetShield 5 Bonus (Option 2) | 5.25% | 1.00% | A | None | MVA |
| Global Atlantic Financial Group | ForeIncome II 5 With Income Multiplier Benefit | 5.00% | 1.00% | A | Rider required | — |
| American Equity Investment Life Insurance Company | AssetShield 5 Bonus (Option 3) | 4.75% | 1.00% | A | None | MVA |
| Global Atlantic Financial Group | ForeIncome II 5 With Guaranteed Income Builder | 4.50% | 1.00% | A | Rider required | — |
7-Year Surrender Period: S&P 500 Caps in California (43 products)
| Carrier | Product | S&P 500 cap | Guaranteed min. cap | AM Best | Riders | Notes |
|---|---|---|---|---|---|---|
| Delaware Life | Retirement Stages Select 7 | 11.65% | 0.25% | A- | None | MVA |
| Global Atlantic Financial Group | ForeAccumulation II 7 | 11.25% | 1.00% | A | 2 optional | — |
| National Life Group | Zenith Growth 7 | 11.20% | 0.25% | A+ | None | MVA; Loan provision |
| Reliance Standard Life | Reliance Accumulator 7 | 11.00% | 1.00% | A++ | None | — |
| Axonic Insurance | Trailhead 7 | 10.75% | 1.00% | A- | None | MVA |
| Sagicor Life Insurance Company | Sage Accumulator 7 CA | 10.65% | 1.00% | A | None | MVA |
| MassMutual Ascend Life Insurance Company | American Legend 7 LOAN | 10.50% | 2.40% | A++ | 2 optional | Loan provision |
| American General Life Insurance Company | Power 7 Protector | 10.50% | 2.00% | A | None | MVA |
| Reliance Standard Life | Keystone 7 Index Annuity | 10.50% | 1.00% | A++ | None | — |
| Fidelity & Guaranty Life | FG AccumulatorPlus 7 | 10.00% | 1.00% | A | None | MVA |
| Ibexis | FIA Plus 7 CA | 10.00% | 1.00% | A- | None | — |
| Ibexis | WealthDefender 7 CA | 10.00% | 1.00% | A- | None | — |
| Lincoln Financial | Lincoln OptiBlend 7 CA | 10.00% | 1.00% | A | None | — |
| Clear Spring Life | Highlander 7 | 9.75% | 1.00% | A- | None | — |
| The Standard | Enhanced Choice Index Plus 7 CA | 9.75% | 1.00% | A | None | — |
| Athene IA | Athene Performance Elite® 7 CA | 9.75% | 0.50% | A+ | None | MVA |
| Athene IA | Athene Performance Elite® 7 Plus CA, FEE | 9.75% | 0.50% | A+ | None | MVA |
| Allianz Life Insurance Company of North America | Allianz Accumulation Advantage 7 | 9.75% | 0.25% | A+ | None | MVA |
| Pruco Life Insurance Company (Prudential) | Prudential Surepath 7 | 9.50% | 2.00% | A+ | None | MVA |
| EquiTrust Life Insurance Company | MarketSeven Index | 9.50% | 1.00% | B++ | None | — |
| The Standard | Index Select Annuity 7 | 9.25% | 1.00% | A | None | — |
| Nassau Life and Annuity Company | Nassau Growth Annuity 7 Group C | 9.00% | 0.75% | B++ | None | MVA |
| American Equity Investment Life Insurance Company | AssetShield 7 | 9.00% | 0.50% | A | None | MVA |
| Guaranty Income Life | WealthChoice 7 | 8.75% | 1.00% | A- | 2 optional | MVA |
| MassMutual Ascend Life Insurance Company | Premier Income Bonus Non LOAN | 8.65% | 2.40% | A++ | Rider required | MVA; Loan provision |
| Oceanview Life and Annuity | Harbourview FIA 7 CA | 8.50% | 1.00% | A | None | — |
| National Life Group | Zenith Income 7 – Max Bonus | 7.75% | 0.25% | A+ | Rider required | MVA |
| National Life Group | Zenith Income 7 – Split Bonus | 7.75% | 0.25% | A+ | Rider required | MVA |
| Fidelity & Guaranty Life | Prosperity Elite 7 Enhancement | 7.50% | 1.00% | A | Rider required | MVA |
| Fidelity & Guaranty Life | Prosperity Elite 7 Protection | 7.50% | 1.00% | A | Must elect 1 of 3 | MVA |
| National Life Group | Flex Secure Growth 7 | 7.50% | 0.10% | A+ | None | MVA |
| Pacific Life Insurance Company | Pacific Index Dimensions 7 Year | 7.45% | 2.95% | A+ | None | — |
| Ibexis | FIA Plus 7 Premium Bonus CA | 6.50% | 1.00% | A- | None | — |
| Ibexis | WealthDefender Bonus 7 CA | 6.50% | 1.00% | A- | None | — |
| National Life Group | Growth Driver 7 | 5.75% | 0.25% | A+ | None | MVA; Loan provision |
| National Life Group | Income Driver 7 | 5.75% | 0.25% | A+ | 4 optional | MVA; Loan provision |
| Global Atlantic Financial Group | ForeIncome II 7 With Income Multiplier Benefit | 5.50% | 1.00% | A | Rider required | — |
| Athene IA | Agility 7 CA | 5.25% | 0.50% | A+ | Rider required | MVA |
| Global Atlantic Financial Group | ForeIncome II 7 With Guaranteed Income Builder | 5.00% | 1.00% | A | Rider required | — |
| Global Atlantic Financial Group | Income 150+ SE 7 | 5.00% | 1.00% | A | 1 optional | — |
| American General Life Insurance Company | Power 7 Protector Plus Income | 4.60% | 2.00% | A | Must elect 1 of 2 | MVA |
| Allianz Life Insurance Company of North America | Allianz Core Income 7 Annuity RL & | 4.00% | 0.25% | A+ | Must elect 1 of 2 | MVA |
| American Equity Investment Life Insurance Company | California IncomeShield 7 | 2.75% | 1.00% | A | Must elect 1 of 5 | MVA |
8-Year Surrender Period: S&P 500 Caps in California (1 product)
| Carrier | Product | S&P 500 cap | Guaranteed min. cap | AM Best | Riders | Notes |
|---|---|---|---|---|---|---|
| North American Company | Performance Choice 8 | 8.90% | 0.50% | A+ | None | MVA |
9-Year Surrender Period: S&P 500 Caps in California (4 products)
| Carrier | Product | S&P 500 cap | Guaranteed min. cap | AM Best | Riders | Notes |
|---|---|---|---|---|---|---|
| American Equity Investment Life Insurance Company | AssetShield 9 CA | 9.25% | 1.00% | A | None | MVA |
| American Equity Investment Life Insurance Company | AssetShield 9 Bonus CA | 6.25% | 1.00% | A | None | MVA |
| American Equity Investment Life Insurance Company | EstateShield 9 CA | 4.25% | 1.00% | A | Must elect 1 of 2 | MVA |
| American Equity Investment Life Insurance Company | California IncomeShield 9 | 3.25% | 1.00% | A | 4 optional | MVA |
10-Year Surrender Period: S&P 500 Caps in California (79 products)
| Carrier | Product | S&P 500 cap | Guaranteed min. cap | AM Best | Riders | Notes |
|---|---|---|---|---|---|---|
| Delaware Life | Target Growth 10 | 12.00% | 0.25% | A- | None | — |
| National Life Group | Zenith Growth 10 | 11.10% | 0.25% | A+ | None | MVA; Loan provision |
| Global Atlantic Financial Group | ForeAccumulation II 10 | 11.00% | 1.00% | A | 2 optional | — |
| Reliance Standard Life | Reliance Accumulator 10 | 11.00% | 1.00% | A++ | None | — |
| American National Insurance Company | Smart Start Accumulator 10 CA | 10.75% | 1.00% | A | None | — |
| Axonic Insurance | Trailhead 10 | 10.75% | 1.00% | A- | None | MVA |
| Reliance Standard Life | Keystone 10 Index Annuity | 10.75% | 1.00% | A++ | None | — |
| Sagicor Life Insurance Company | Sage Accumulator 10 CA | 10.65% | 1.00% | A | None | MVA |
| American General Life Insurance Company | Power 10 Protector | 10.50% | 1.00% | A | None | MVA |
| American General Life Insurance Company | Power Select Builder | 10.50% | 1.00% | A | None | MVA |
| Nassau Life and Annuity Company | Nassau Growth Annuity 10 Group C | 10.50% | 0.75% | B++ | None | MVA |
| Nassau Life and Annuity Company | Nassau Growth Annuity 10 Group C with Income | 10.50% | 0.75% | B++ | 4 optional | MVA |
| Pruco Life Insurance Company (Prudential) | Prudential Surepath 10 | 10.25% | 2.00% | A+ | None | MVA |
| Fidelity & Guaranty Life | FG AccumulatorPlus 10 | 10.25% | 1.00% | A | None | MVA |
| Ibexis | FIA Plus 10 CA | 10.25% | 1.00% | A- | None | — |
| Lincoln Financial | Lincoln OptiBlend 10 CA | 10.25% | 1.00% | A | None | — |
| North American Company | NAC VersaChoice 10 | 10.10% | 0.50% | A+ | None | MVA |
| North American Company | NAC VersaChoice 10 (ELB) | 10.10% | 0.50% | A+ | 1 optional | MVA |
| EquiTrust Life Insurance Company | MarketValue Index | 10.00% | 1.00% | B++ | None | — |
| Ibexis | WealthDefender 10 CA | 10.00% | 1.00% | A- | None | — |
| Fidelity & Guaranty Life | Flex Accumulator | 9.50% | 1.00% | A | 2 optional | MVA |
| North American Company | NAC Control. X | 9.50% | 0.25% | A+ | 1 optional | MVA |
| Fidelity & Guaranty Life | FG Accelerator Plus 10 | 9.25% | 1.00% | A | Rider required | MVA |
| Guaranty Income Life | WealthChoice 10 | 9.00% | 2.00% | A- | 2 optional | MVA |
| Nassau Life and Annuity Company | Nassau Athos Annuity Non-Bonus Group C | 9.00% | 0.50% | B++ | None | MVA |
| Allianz Life Insurance Company of North America | Allianz Accumulation Advantage | 8.75% | 0.25% | A+ | None | MVA |
| Oceanview Life and Annuity | Harbourview FIA 10 CA | 8.50% | 1.00% | A | None | — |
| MassMutual Ascend Life Insurance Company | Safe Return TSA | 8.00% | 2.40% | A++ | None | Loan provision |
| Nassau Life and Annuity Company | Nassau Bonus Annuity 10 Group C | 8.00% | 0.75% | B++ | None | MVA |
| Nassau Life and Annuity Company | Nassau Bonus Annuity 10 Group C With Income | 8.00% | 0.75% | B++ | 2 optional | MVA |
| National Life Group | Zenith Income 10 – Max Bonus | 8.00% | 0.25% | A+ | Rider required | MVA |
| National Life Group | Zenith Income 10 – Split Bonus | 8.00% | 0.25% | A+ | Rider required | MVA |
| Fidelity & Guaranty Life | Prosperity Elite 10 Enhancement | 7.75% | 1.00% | A | Rider required | MVA |
| Fidelity & Guaranty Life | Prosperity Elite 10 Protection | 7.75% | 1.00% | A | Must elect 1 of 3 | MVA |
| National Life Group | Flex Secure Growth 10 | 7.75% | 0.10% | A+ | None | MVA; Loan provision |
| National Life Group | Flex Select Income Max Bonus | 7.50% | 0.10% | A+ | Rider required | MVA |
| National Life Group | Flex Select Income Split Bonus | 7.50% | 0.10% | A+ | Rider required | MVA |
| Clear Spring Life | Highlander | 7.25% | 1.00% | A- | 1 optional | — |
| Delaware Life | PrimeStart Bonus 10 | 7.25% | 0.25% | A- | None | — |
| Nassau Life and Annuity Company | Nassau Personal Income Annuity Group D | 7.00% | 0.75% | B++ | Must elect 1 of 2 | MVA |
| Ibexis | WealthDefender Bonus 10 CA | 6.50% | 1.00% | A- | None | — |
| National Life Group | Flex Secure Growth 10 Bonus | 6.50% | 0.10% | A+ | None | MVA; Loan provision |
| American National Insurance Company | Smart Start Accumulator Plus 10 Bonus No Fee CA | 6.25% | 1.00% | A | None | — |
| American National Insurance Company | Smart Start Accumulator Plus 10 Bonus with Fee CA FEE | 6.25% | 1.00% | A | None | — |
| Ibexis | FIA Plus 10 Premium Bonus CA | 6.25% | 1.00% | A- | None | — |
| Clear Spring Life | ViStar | 6.00% | 1.00% | A- | 1 optional | — |
| EquiTrust Life Insurance Company | MarketFuture Bonus Income | 6.00% | 1.00% | B++ | Rider required | — |
| EquiTrust Life Insurance Company | MarketTen Bonus Index ROP | 6.00% | 1.00% | B++ | None | — |
| Nassau Life and Annuity Company | Nassau Athos Annuity Bonus Group C | 6.00% | 0.50% | B++ | None | MVA |
| National Life Group | Growth Driver 10 | 6.00% | 0.25% | A+ | None | MVA; Loan provision |
| National Life Group | Income Driver 10 | 6.00% | 0.25% | A+ | 4 optional | MVA |
| Fidelity & Guaranty Life | Performance Pro with GMWB | 5.75% | 1.00% | A | Rider required | MVA |
| Global Atlantic Financial Group | ForeIncome II 10 With Income Multiplier Benefit | 5.75% | 1.00% | A | Rider required | — |
| North American Company | Charter Plus 10 CA FEE | 5.75% | 0.50% | A+ | Rider required | — |
| Guaranty Income Life | WealthChoice 10 with Premium Bonus | 5.50% | 1.00% | A- | None | MVA |
| Nassau Life and Annuity Company | Nassau Personal Protection ChoiceSM Group D | 5.50% | 0.75% | B++ | None | MVA |
| Athene IA | Agility 10 CA | 5.50% | 0.50% | A+ | Rider required | MVA |
| Athene IA | Ascent Pro 10 Bonus | 5.50% | 0.50% | A+ | Must elect 1 of 2 | MVA |
| Athene IA | Athene Performance Elite 10 CA | 5.50% | 0.50% | A+ | None | MVA |
| Athene IA | Athene Performance Elite® 10 Plus CA, FEE | 5.50% | 0.50% | A+ | None | MVA |
| Allianz Life Insurance Company of North America | Allianz 222 | 5.50% | 0.25% | A+ | Rider required | MVA |
| Aspida | Synergy Choice Bonus 10 CA | 5.25% | 1.00% | A- | None | MVA |
| Aspida | Synergy Choice Income | 5.00% | 1.00% | A- | Rider required | MVA |
| EquiTrust Life Insurance Company | MarketEarly Income | 5.00% | 1.00% | B++ | Rider required | — |
| Global Atlantic Financial Group | ForeAccumulation II 10 With Premium Enhancement Rider | 5.00% | 1.00% | A | 2 optional | — |
| Global Atlantic Financial Group | ForeIncome II 10 With Guaranteed Income Builder | 5.00% | 1.00% | A | Rider required | — |
| Global Atlantic Financial Group | Income 150+ SE 10 | 5.00% | 1.00% | A | 1 optional | — |
| North American Company | BenefitSolutions 10 | 5.00% | 0.50% | A+ | Rider required | MVA |
| North American Company | Income Pay Pro 10 | 5.00% | 0.50% | A+ | 2 optional | MVA |
| Allianz Life Insurance Company of North America | Allianz 360 Annuity | 5.00% | 0.25% | A+ | 2 optional | MVA |
| Delaware Life | TruePath Income™ | 5.00% | 0.25% | A- | Must elect 1 of 4 | MVA |
| American General Life Insurance Company | Power 10 Protector Plus Income | 4.90% | 1.00% | A | Must elect 1 of 2 | MVA |
| EquiTrust Life Insurance Company | MarketEdge Bonus Index | 4.25% | 1.00% | B++ | None | — |
| Pruco Life Insurance Company (Prudential) | Prudential Surepathsm Income | 4.00% | 2.00% | A+ | Rider required | MVA |
| Allianz Life Insurance Company of North America | Allianz Benefit Control | 4.00% | 0.25% | A+ | 2 optional | MVA |
| American General Life Insurance Company | Power Select Plus Income | 3.50% | 1.00% | A | Rider required | MVA |
| Nassau Life and Annuity Company | Nassau Income Accelerator Group D | 3.00% | 0.75% | B++ | Must elect 1 of 3 | MVA |
| American General Life Insurance Company | Power Select Plus Income with Multiplier® | 2.70% | 2.00% | A | Rider required | MVA |
| Fidelity & Guaranty Life | Safe Income Advantage | 2.25% | 1.00% | A | 3 optional | MVA |
14-Year Surrender Period: S&P 500 Caps in California (1 product)
| Carrier | Product | S&P 500 cap | Guaranteed min. cap | AM Best | Riders | Notes |
|---|---|---|---|---|---|---|
| North American Company | Charter Plus 14 CA FEE | 6.50% | 0.50% | A+ | None | — |
Rate Changes Coming This Week
These carriers have rate changes scheduled. Caps from these carriers may move up or down on the dates shown:
- Oct 13, 2026: Aspida, Protective Life
- Oct 15, 2026: Integrity Life Insurance Company, National Integrity Life Insurance, Oceanview Life and Annuity, Oxford Life Insurance Company, Securian Financial, Symetra Life Insurance Company
- Oct 16, 2026: Americo (Legacy), Heartland National
If one of these products fits your plans, ask me about the carrier’s rate-lock rules before the effective date.
How to Read These Rates
What is a fixed index annuity?
A fixed index annuity credits interest based on the performance of a market index, like the S&P 500, while protecting your principal from market losses. Your money grows tax-deferred, and in a down year you’re credited 0% instead of a loss.
How a cap rate works
The cap is the most interest you can be credited in a contract year. If the S&P 500 rises 14% over the year and your cap is 10%, you’re credited 10%. If the index rises 6%, you’re credited 6%. If it falls, you’re credited 0%. Most FIAs measure the index’s price change only, so dividends aren’t included.
Caps are set each year
The cap you start with is guaranteed only for the first contract year. After that, the carrier can raise or lower it at each anniversary, but never below the guaranteed minimum cap shown in the tables. 46 of the 158 products guarantee a minimum cap of 0.50% or less, so a carrier’s renewal track record matters as much as today’s cap.
Riders
Some FIAs require you to buy an income rider, which usually carries an annual fee that reduces your account value. 28 products on this page require a rider, and the highest cap among them is 9.25%. “Must elect” means you choose one of several riders, which may include a no-cost option. Ask me what each rider costs before you compare.
Surrender periods and MVAs
Longer surrender periods often come with higher caps, but your money is less accessible. Withdrawals above the penalty-free amount during the surrender period can trigger surrender charges, and products marked MVA can also apply a market value adjustment.
Fixed Index Annuity or MYGA?
An FIA trades a guaranteed rate for the chance to earn more when the market rises, with 0% in down years. A MYGA locks in a guaranteed rate for the whole term. To compare, see my weekly list of California fixed annuity rates (MYGAs).
Frequently Asked Questions
What is the highest fixed index annuity cap rate in California right now?
As of October 12, 2026, the highest S&P 500 annual point-to-point cap on an FIA available in California is 12.00% (Delaware Life Target Growth 10, 10-year surrender period), with a guaranteed minimum cap of 0.25%.
Can you lose money in a fixed index annuity?
Not from market declines. When the index falls, you are credited 0% for that year instead of a loss. You can lose money if you withdraw more than the penalty-free amount during the surrender period, and optional rider fees reduce your account value.
Are FIA cap rates guaranteed?
Only for the first contract year. After that, the carrier can change the cap each year, but never below the guaranteed minimum cap stated in the contract.
What is the difference between an FIA cap and a MYGA rate?
A MYGA rate is a guaranteed interest rate you earn every year. An FIA cap is the maximum you can earn in a year, depending on how the index performs. Your actual credited rate can be anywhere from 0% up to the cap.
How often do fixed index annuity rates change?
Carriers can change caps for new contracts at any time, often several times a year, and they reset caps on existing contracts at each anniversary. I update this page every week.
Get a Cap Rate Quote for Your Situation
The highest cap isn’t always the best fit. Renewal history, the guaranteed minimum cap, rider costs, surrender charges and the carrier’s financial strength all matter. As an independent agent, I compare these products across carriers for your goals. Request a free annuity quote and I’ll send you a side-by-side comparison.
New to annuities? Start with What Is an Annuity or learn more about the types of annuities.
Source: AnnuityRateWatch.com carrier data via AIP Marketing Alliance, retrieved October 12, 2026. Shows S&P 500 annual point-to-point cap strategies with a 0% floor, no strategy fee and a stated guaranteed minimum cap; products sold only through fee-based advisory accounts are excluded. Caps, availability, and features change without notice and must be verified with the issuing carrier at application.
Kevin Edwards, Integrity Now Insurance Brokers. California Insurance License #0D42517. Fixed index annuities are insurance products, not bank deposits, not FDIC insured, and not a direct investment in the stock market or any index. Index-linked interest is subject to caps the insurer may change annually, subject to the guaranteed minimum. 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 page is for educational purposes and is not tax or legal advice. Product availability and features vary by state. S&P 500® is a registered trademark of Standard & Poor’s Financial Services LLC.