The issuer behind the guarantee.
An annuity guarantee is a promise from one company, sometimes lasting forty years. The product matters less than the balance sheet standing behind it.
| AM Best rating | B++ (Good) |
|---|---|
| Rating tier | Good, below the Excellent and Superior tiers |
| Distribution | Direct to consumer, online |
| Products | MYGA, fixed annuities |
| Common comparison | Gainbridge (A-) |
| Positioning | Rate-led |
Checked against public sources on 19 August 2026. Ratings change without notice — a rating without a date is not a rating.
B++ sits below the tier most competing carriers occupy
AM Best's scale places B++ and B+ in the Good tier, beneath A and A- (Excellent) and A+ and A++ (Superior). Canvas is not unrated or distressed, but it is a step below where most carriers in a typical MYGA comparison sit. Any honest look at Canvas has to lead with this rather than with the rate.
Three things to understand about Canvas.
The rate advantage and the rating gap are the same fact
Canvas has consistently led published rate tables on three, five, and seven year terms. Carriers rated below the Excellent tier compete on rate because rate is the lever available to them. You are not being offered free yield; you are being offered compensation for a different credit profile.
This is where guaranty association limits stop being academic
Every state runs a guaranty association covering annuity contracts up to a stated limit. With an A+ carrier that limit rarely enters the conversation. With a B++ carrier it should be the first thing you check, and it should cap how much premium you place. Look yours up at NOLHGA.
Direct-to-consumer is a real cost advantage, separate from the rating
Like Gainbridge, Canvas sells without an agent, so there is no commission to recover through a long surrender schedule. That is a genuine structural benefit and it is worth distinguishing from the rating question. Two separate things are going on here and they should be evaluated separately.
How to read any carrier.
Palm Wealth Capital publishes independent annuity research and education. No carrier pays for placement on this site. Nothing here is individualized investment, tax, or legal advice, and no page on this site is a recommendation to buy or avoid any contract. Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company.
Holding a Canvas Annuity contract — or being shown one?
Send the illustration or statement. We will check Canvas Annuity’s current AM Best rating and outlook against the date on this page, read the surrender schedule and any market value adjustment, price the riders, and tell you what the guaranteed terms are rather than the illustrated ones. If the answer is that you don’t need it, that is the answer you get — there is nothing here for us to sell you.