Guaranteed growth. Tax-deferred earnings. Zero market risk. Get a free personalized quote from 20+ top-rated carriers.
Evaluate the top-performing annuity options available in Kentucky.
Secure your future with predictable growth and tax-deferred gains—completely shielded from market volatility. Request your custom quote today from a curated selection of over 20 premier insurance providers.
Types of Annuities We Offer
Fixed Annuities (MYGAs) Guaranteed interest rate locked for 3–7 years. Principal never fluctuates. Rates currently near 15-year highs — up to 6.30% on competitive 5-year contracts. Works like a CD, but with better rates and tax-deferred growth.
Fixed Indexed Annuities (FIAs) Returns linked to a market index (S&P 500) with a 0% floor — your money grows when the market is up, and stays flat when it’s down. Average returns of 5%–7%. Upside potential with downside protection.
Immediate Annuities (SPIAs) Convert a lump sum into guaranteed monthly income starting within 30 days. Predictable payments for life or a set period. The simplest annuity product — no moving parts, no market exposure.
Why Work with Nova Insurance Group for Annuities?
- Independent Agent — We compare 20+ carriers to find the best rate for your situation. No captive carrier bias.
- Local & Accessible — Based in Nicholasville, serving Lexington and all of Central Kentucky. In-person or phone consultations available.
- No-Pressure Process — Free quotes, honest comparisons, and straightforward advice. No obligation.
- Carrier Strength Focus — We only recommend carriers rated A- or above by AM Best. Your guarantee is only as good as the company behind it.
- Full Coverage Planning — Annuities fit into a bigger picture. We also handle life insurance, umbrella policies, and all personal insurance needs.
- 5.0 Stars, 287+ Reviews — Our clients trust us because we earn it. Read the reviews and see for yourself.
How It Works
Step 1: Tell Us Your Goals — Call or fill out the form. We’ll ask about your timeline, risk tolerance, and income needs.
Step 2: We Shop 20+ Carriers — We pull live quotes from top-rated carriers and compare rates, terms, and contract features side by side.
Step 3: Review Your Options — We walk you through the best matches in plain English. No jargon. No pressure.
Step 4: Fund & Relax — Once you choose, we handle the paperwork. Your money starts earning guaranteed interest immediately.
Frequently Asked Questions About Annuities
What is the best annuity rate in Kentucky right now?
As of early 2026, the best five-year fixed annuity (MYGA) rates in Kentucky are paying approximately 6.30% guaranteed. Three-year terms run around 5.50%–5.85%. An independent agent can pull live quotes from 20+ carriers in a single comparison.
Are annuities safe?
Annuities from carriers rated A- or above by AM Best carry strong financial backing. Kentucky’s Life and Health Insurance Guaranty Association covers up to $250,000 per contract if a carrier becomes insolvent — the same ceiling as FDIC insurance.
How are annuities taxed in Kentucky?
Gains grow tax-deferred until withdrawal, then are taxed as ordinary income. Kentucky offers a retirement income exclusion of up to $31,110 per person, which can reduce or eliminate state tax on annuity income.
Can I withdraw money from my annuity early?
Most contracts allow 10% annual penalty-free withdrawals after the first year. Full access is available after the surrender period (typically 3–7 years).
What is the difference between a fixed annuity and a fixed indexed annuity?
A fixed annuity locks in a guaranteed rate for the full term. A fixed indexed annuity ties returns to a market index with a 0% floor — you participate in gains up to a cap, but never lose principal.
How much money do I need to buy an annuity?
Competitive fixed annuities start at $10,000–$25,000. Fixed indexed annuities require $25,000–$50,000. Immediate annuities range from $10,000 to $50,000.
Should I buy an annuity or invest in the stock market?
It’s not either/or. Annuities protect near-term money (3–10 years). Market investments are better for 15+ year horizons. The right mix depends on your age, timeline, and goals.
Want to learn more about how annuities work? We wrote a plain-English guide that covers everything — types, rates, taxes, and real Kentucky scenarios.
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